Our Payment Type

 Your shipment is safe and guaranteed   

Payment Terms

For annual contract:

Buyer-Bank shall issue a transferrable Bank-Guarantee LC, covering a one month’ quantity and being valid till end of contract + 1 month.

Each invoice shall be paid by an irrevocable, transferrable letter of credit, covering a monthly quantity or by MT 103 against documents as per contract.

Credit available by negotiation of documents at Seller's Bank-Counter.

Letter of Credit shall be opened by Prime Bank acceptable to Seller / Seller-Bank.

 

For spot lots: 

By irrevocable transferable letter of credit, payable 100% at sight covering total quantity contracted.

 

Shipping time

Approximately 20 days after availability and acceptance of funds

 

SGS inspection (quality, quantity) at port of loading

At seller’s expense

 

SGS inspection (quality, quantity) at port of unloading

At buyer’s expense

Note: Any Type of LC has to be from one of the world's top 50 banks

Your shipment is safe, guaranteed and will arrive as per the agreement.