Description
UREA *6% CARBAMIDE
Urea
PRILLED&GRANULATED
5,**0 MT **0,**0 MT $**5 $**0
PROCEDURE
A. Buyer issues an ICPO with a document from the buyer bank
indicating that the buyer has the
necessary fund for the purchase of the indicated quantity of
the product on the ICPO.
B. Seller issues FCO to the Buyer.
C. Buyer signs and returns FCO with letter of
acceptance.
D. Seller issue Draft Contract on firm Terms and Conditions to
the buyer.
E. Buyer signs and returns the Draft Contract to Seller.
F. Seller registers & legalizes the Contract in the
Ministry of Energy, Russian Federation
G. No upfront payments of any kind.
H. Seller issues PROOF OF PRODUCT (POP) Bank to Bank.
a) Copy of License to Export, issued by the Department of the
Ministry of Energy.
b) Copy of Approval to Export, issued by the Department of the
Ministry of Justice.
c) Copy of Statement of Availability of the Product.
d) Copy of the Refinery Commitment to Produce the
Product.
e) Copy of Trans-Neft Contract to Transport the Product to the
Port.
f) Copy of the Port Storage Agreement.
g) Copy of Tank Receipts and SGS Report.
h) Copy of the Charter Party Agreement(s) to Transport the
Product to Discharge Port.
I. Buyer issues MT **0/ (MT**3).
J. Should any amendments to the LC be requested once the same
had been issued, then the Party
requesting the change will be responsible for the payment of
the related costs, unless changes are
needed to construct the instruments in compliance with the
Agreement, then the costs shall be
borne by the faulting Party.
K. Deliverance of goods, Commence as scheduled.
L. This Procedure is not negotiable at all and is final.
if interssed please send your ICPO to : TO: ALTS international
LLC
VIA: LEONARD ILTCHENKOV esperanceexport at hotmail .
com
