LJL Global Trade

Company Description

Urea N46 agriculltural Grade 'B'
UREA 46% NITROGEN GOST 2081-
PB:2%
Certification and Inspection: SGS
Payment term:By Transferable and non-transferable RDLC issue by world top 50 bank.  
PROCEDURES
1. Buyer sends LOI with BCL
2. Seller sends FCO to the buyer.
3. Buyer signs FCO and sends to Seller.
4. Upon acceptance of draft contract,     Buyer and Seller execute the contract.
5. Seller nominates Escrow Account Services     for acceptance by Buyer.Buyer/Seller deposit 2%
1st montnly shipment value.
9. Seller's Bank issues POP to Buyer via bank    swift.  
Buyer's bank to issue  non-operative LC withn    5 banking days.
9i If  Buyer fails to issue the non-operative LC within 5 banking days after receipt of
Seller's POP, Seller fortfeits the 2%PB in escrow    bank account.
9ii   After contract is signed and escrow account  opened , Within 5 banking days if Seller fails to issue   POP via bank swift, Buyer fortfeits 2% in escrow bank account.
10. Seller bank issue to Buyers Bank the Proof of Product (POP).
11. Seller's bank notifies the Buyer's Bank that they are ready to issue non-operative 2%       PB to the Buyer's bank. The 2% PB will be        placed in Buyer's account should the seller fail  to supply the cargo of the product, this 2% PB will be paid to buyer and intermediaries as compensation accordingly.  
12. Buyer's Bank issues non-operative LC,
13. Seller's bank issues 2%PB automayically activates LC.
14. Shipment commenced.