Cis - Metal

Company Description

Commodity: Hot rolled square steel billets
Specifications: Grade 3sp/PS,5sp/PS.
Quality: According to gost 380-94.
Origin: Ukraine or russia
Size: Any
Contract period:12 months.
Quantity:10,000 mt/month and more
Price:220 USD/mt FOB russian port
Delivery terms: FOB any black sea port of ukraine.
Inspection: Sgs or equivalent at seller's cost at port of loading.
Delivery: First shipment to begin within 45 days after receipt payment stipulated by the contract. Following shipments every 30 days as per schedule agreed by the parties.
Payment-1: Advance payment by tranches in the amount of every 6 months shipment value against 1st class Cis - Metalstern bank guarantee for 100% + 6%(bgformat and bg issuing bank to be preliminary agreed/approved with/by buyer's bank).
Payment-2: Top-50 bank guarantee covering 6 month shipment value.
Procedures: After buyer's company letterhead loi is received signed&sealed1. Seller issues to buyer signed&sealed fco.
2. Buyer signs and seals with corporate stamp fco and returns with bank endorsed icpo or bcl(formatr40).
3. Seller issues a draft contract for buyer's approval.
4. Seller and buyer exchange final hard contract copies signed&sealed, by courier.
5. Buyer's bank sends a proof of funds letter to seller's bank.
Seller s bank sends confirmation of readiness to issue bg along with proof of product.
Seller's and buyer's banks finalize the banking procedure.
6. Buyer and seller follow procedure stipulated by contract.