Trade Lead Description:
Dear Sir
We have Used Rail R50-65, 180,000MTX 12 or 24 CIF
VALID ONLY TO 15 MAY. BEST PRICE OFFER ACCEPTED. (INCL. CUT) ORIGIN: Sellers choice
PAYMENT TERMS:
The Buyer shall open (within five (5) days after receipt of a countersigned contract) an irrevocable, transferable, divisible, Bank Guarantee with a validity of 12 + 3 months, issued or confirmed by a prime bank accepted by the seller, as a non-operative instrument for the value of three (3) monthly shipments of 180.000 MT, and Seller will, within seven (7) days of receipt of such non-operative payment instrument, provide the Buyer with a 1,5% Performance Bond of the value of the monthly shipments and with the Proof of Product (POP). The 1,5% PB will automatically activate the non-operative Bank Guarantee to an Operative Bank Guarantee. The payment for this Bank Guarantee in favor of the Seller will be issued by the Buyer’s Bank, by TT (Telex Transfer) at sight of Bill of Lading and other accompanying documents within 5 days after the arrival of the goods at the destination port.
LOI+BCL IS MUST
TERMS IS NOT NEGOTIABLE
KINDLY REGARDS
Appgroup
Posted from Netherlands - Noord-Holland on 9 May, 2008
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