HMS1&2, 80:20, 1,200,000MT, CIF, SGS

COMMODITY: HMS 12 (80:20) ISRI CODE 200-206
ORIGIN: NIGERIA
SPECIFICATION: HMS 1 & 2, 80;20
PROCEDURE: Seller will issue a FCO to the buyer
The buyer will sign the FCO and send back to the seller.
The Seller will issue the draft contract to the buyer.
The buyer sign draft contract and issue Non Operative SBLC /BG/LC.
The Seller issue 2% PB for the SBLC/BG/LC
Buyer issue Operative Letter of credit SBLC/BG/LC
The seller will verify the viability of the Operative SBLC/BG/LC.
DOCUMENTS: Commercial Invoices (3 originals and 3 copies) Packing lists.
Analysis report, certificates of both quality and quantity will be provided to the Buyer in addition to the Certificates of Origin (1-Original and 1-Copy) prior to final departure of the entire consignment. Seller's Shipment Advises (1-Original) Clean on Board Bill of Lading.
QUANTITY: 1,200,000 MT
CONTRACT LENGTH: 30,000 MT X 12 MONTHS
LOADING PORT: Apapa Port, Lagos & Port Harcourt Seaport Nigeria.
DESTINATION PORT: Buyer Choice.
PACKAGING: Break bulk shipment/Bundle ONLY.
TARGET PRICE: $175 MT
SHIPPING TERMS: CIF
DELIVERY TIME: 35/45 Days after signing the contract.
PAYMENT: BG/SBLC/MT760 with 2%PB Final payment T/T seller account.
INSPECTION: After arrival of goods at destination port Quantity, Quality & Weight by SGS/CCIC Certified Agencies at the loading port On Seller expenses 21 Days from the date of issuance.