CreaTech Trading is one of the leading companies specialized in all type of contracting. We trade Ferrous Scrap and Non-Ferrous Scrap.
Currently, we are ready to supply huge tons of Steel Billets. The port of shipment is in Jaddeh, Saudi Arabia. The Steel Billets can be packed in Braeking Bulk and Container. We can make LC payment terms and CIF shipping terms.
Payment and Inspection Terms:
1. Buyer issues LOI or ICPO.
2. Seller issues FCO.
3. Buyer signs and seals the FCO and sends it with company certificate and chairman passport.
4. Seller issues SPA.
5. Buyer signs and seals SPA and sends it back to the seller.
6. Seller issues Performa invoice.
7. Buyer issues Preadvice letter MT705 LC.
8. Seller sends an invitation to the buyer to make inspections, and seller bears the invitation and residence costs to the team. The buyer can send a team from his embassy to inspect.
Also, the seller sends all POP documents to the buyer.
9. After successful inspection, the seller issues 20% of the total contract value as confirmed irrecoverable revolving non-transferable MT700 LC.
10. Seller issues performance bond 20% bank, grantee.
11. Shipment start.
Kindly NOTE We don't accept trail shipment. All past performance and POP documents will not be exchanged. After the MT705 Preadvice letter by swift as POF from the buyer can issue SBLC from the prim bank instead of MT700 L/C.
If you need Steel Billets, kindly contact us to know about the latest price details of Steel Billets.