Commodity: 

SOYBEAN GMO & NON_GMO

Origin:

BRAZIL

Shipment terms:

CIF  

Contract:

50,000 MT Monthly for one year

Quality:

Standard – Grade A

Corp

2023

Contract Period

12 (Twelve) months with R&E

Price:

$ Call

Delivery Time:

35-45 days after confirmed SBLC  

Payment Terms:

SBLC MT760 and MT103

Issuing Banks (s):

World Top 50 First Class Banks.

Specification:

As specified below.

Inspection:

SGS or equivalent will conduct the Q & Q inspection.

Packing:

BULK

Validity:

This SCO is valid for 5 (five) working days

PAYMENT TERMS
& OPTIONS

1.-The Buyer agrees to issue SBLC MT760 and MT103

2.-110% insurance

CIF PROCEDURE

1.     Buyer issues an ICPO to the Seller according to Seller SCO. The ICPO should be along with company profile, Buyer passport copy, Buyer company license and banking details.

2.     Seller signs the ICPO and sends it back to the Buyer and Buyer should send Swift MT199 (Proof of Fund – Buyer Bank Standard Format) to the seller bank.

3.     Seller verifying Proof of Fund and send draft of SPA (Sales Purchase Agreement) with delivery dates to the Buyer.

4.     Buyer stamps and signs the SPA (Sales Purchase Agreement) and sends it back to the company. The Seller sends PPOP to the Buyer.

5.     Seller sends the proforma invoice (CI) and Buyer seal and signature of the proforma invoice.

6.     Buyer bank sends the Swift MT760 for the SBLC to the Seller bank for Bank confirmation. The SBLC  as to be: Confirmed, irrevocable, transferable and divisible. The Seller issue 2% PB Bank to Bank.

7.     Sending a pop by the company after loading the cargo.

8.     Product delivery starts.

9.     Sending copies of documents and documents of cargo transportation to the buyer bank. Buyer makes the payment by MT-103 at the loading port