Conditions

Method of Payment

  • MT103 + SBLC (STAND BY LETTER OF CREDIT) MT760, ISSUED OR CONFIRMED BY TOP-50 BANK, MADE OPERATIVE, IRREVOCABLE, TRANSFERABLE, DIVISIBLE, REVOLVING MONTHLY.

Payment Terms

  • PAYMENTS MUST BE DONE ON AN MT103 VIA SWIFT AGAINST SIGHT OF SHIPPING DOCUMENTS, UNDER AN SBLC (STAND BY LETTER OF CREDIT) MT760, ISSUED OR CONFIRMED BY TOP-50 BANK, MADE OPERATIVE, IRREVOCABLE, TRANSFERABLE, DIVISIBLE, REVOLVING MONTHLY, PLACED AS A GUARANTEE.

Shipping Terms

  • N/A

Shipping Documents

The following shipping documents will be available:

  • 1. Bill of lading
  • 2. Commercial invoice
  • 3. Packing list
  • 4. Certificate of origin
  • 5. SGS certificate
  • 6. Performance bond papers

Guarantee

  • SBLC (STAND BY LETTER OF CREDIT) MT760, ISSUED OR CONFIRMED BY TOP-50 BANK, MADE OPERATIVE, IRREVOCABLE, TRANSFERABLE, DIVISIBLE, REVOLVING MONTHLY.

Inspection Requirement

  • QUALITY, QUANTITY AND WEIGHT

Certification Requirement

  • SGS - SOCIÉTÉ GÉNÉRALE DE SURVEILLANCE

Additional Remarks

  • ANY INFORMATION MARKED WITH THE INDICATION "TBI (TO BE INFORMED) BY THE BUYER" MUST BE PROVIDED IN A FULLY REVISED ICPO.
  • BUYER MUST PROVIDE COPY OF PASSPORT PAGES OF ITS REPRESENTATIVE IN A FULLY REVISED ICPO.
  • BUYER'S PRIMARY BANK MUST BE RANKED WITHIN WORLD'S TOP-50 BANKS. OTHERWISE, CONFIRMING BANK MUST FALL IN THIS CATEGORY OF WORLD'S TOP-50 BANKS