Iron Ore Available
: Sell Offer
Expired on :2/28/2011
Units : MT
Quantity : 1200000
Packing : MT
Price : 133
Description:
We are ready, willing and able to supply the given commodity in the aforementioned quantity at the given price:
Commodity: IRON ORE
Term: 1 Year Contract (12 Months)
Total Amount: 1,200,000 MT
Total Monthly: 100,000 MT
Price: $133 USD PER MT CIF ASWP
Delivery: Starts no later than 30/45 days from POF
Validity of the offer: 15 Days
Procedures
1. Signing of the Contract
2. Construct the LC according to the Contract
3. Construct the PBG according to the LC
4. Note: The LC is non-operative until the 2% PBG(performance bank guarantee) is activated.
a. First Buyer prepares an "Inoperative LC" for the seller’s review and confirmation.
b. Once the seller confirms the terms on the "Inoperative LC" are written out based on the signed contract,
the seller then asks their bank to draft the PBG based on the total amount outlined in the "Inoperative LC".
5. Once the PBG is drafted, it is then sent to the Buyer for his review and confirmation of the terms, and
then the Buyer signs it and returns it to the seller.
6. After the seller receives the signed "Draft PBG", the seller activates the PBG, which in turn automatically
make the LC operative.
Procedures cannot be altered or amended under any circumstances.
Send a message to Contour Marketing Private Limited
Mr.Harish J
Messenger
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