UREA Buyers Published date: January 29, 2015 Modified date: October 9, 2015

Really interested buyers/mandates may contact for SCO.

WORKING AND BANKING PROCEDURE

1. BUYER/AGENT ISSUES ICPO MUST BE WITH BUYER'S COMPANY LETTER HEAD AND BUYER BANKING INFORMATION.

2. SELLER ISSUES FCO TO BUYER IF THE CONDITION OF BUYER;S ICPO IS ACCEPTED BY SELLER.

3. SELLER ISSUES THE Q&Q DRAFT CONTRACT FOR THE BUYER'S SIGNATURE AND SEAL. THE DRAFT CONTRACT MUST BE DULY ENDORSED AND RETURNED ALONGWITH THE DLC OR SBLC VERBIAGE WITH SIGN BY BUYER

4. AFTER SIGN & SEAL CONTRACT IS ACCCEPTED BY BOTH PARTIES. SELLER ISSUES FINAL CONTRACTRATION T WITH REGIS NO. ALONGWITH PARTIAL POP DOCUMENTS TO THE BUYER VIA EMAIL AS LIST BELOW:

A. COMMERCIAL INV
B. ANALYSIS REPORT
C. COMMITMENT TO SUPPLY
D. TANK STORAGE AGRE EMENT
E. APPROVAL TO EXPORT
F. AVAILABILITY OF PRODUCT

5. BUYER'S BANK SWIFT FINANCIAL INSTRUMENT OF NON TRANSFER OR TRANSFERABLE DLC, OR SBLC TO SELLER'S BANK. UPON RECEIPT AND CONFIRMATION OF PARTIAL POP DOCUMENTS AND FINAL CONTRACT THE ISSUED PAYMENT INSTRUMENT WILL STAND AS GUARANTEE TO COMMENCE LOADING AND TO ISSUE FULL POP.

6. UPON CONFIRMATION OF BUYER'S PAYMENT INSTRUMENT THE LOADING COMMENCE AND SELLER BANK WILL ISSUE FULL POP DOCUMENTS TO THE BUYER BANK ALONGWELEASE PAYMENT TO THE INTERMEDIARIES INVOLVED AS PEITH 2% PB IN CASE OF DELIVERY FAILURE BY REFINERY AND 2% OF THE PRODUCT WORER WILL RTH WILL BE PAID BY BUYER.

7. BUYER PAYS VIA MT 103 TT WIRE TRANSFER UPON THE ARRIVAL OF THE PRODUCT AND AFTER INSPECTION SGS OR CIQ AT DISCHARGE PORT EASE.

8. SELLER WILL RELEASE PAYMENT TO INTERMEDIARIES INVOLVED AS SPECIFY AND SIGNED IN NCNDA.

Faranuddin
www.armsintl.net

• Company Name: D & D Enterprises
• Country: Pakistan

Send a message to this company

Please register to send a message to companies/brokers listed on our website.