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COMMODITY: AGRICULTURAL PRILLED UREA N46% TO GOST 2081-92B
SPECIFICATIONS:
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PRODUCT:
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AGRICULTURAL PRILLED UREA N46% TO GOST 2081-92B (hereinafter
referred to as “The Product”) shall conform to the following specifications with
the following main characteristics:
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46% N, GOST 2081-92
UREE 46% N, GOST 2081-92
NITROGEN 46%
BIURET BY WEIGHT MAX 1%
MOISTURE 0:4% MAX BY METHOD OF DRYING
FREE AMMONIA 160 PXT PPM MAX
GRANULATION 1-4MM 90%MN
COLOUR STANDARD PURE WHITE PRILLED
PRII 95%
FREE FLOWING 100% ANTI-CAKING TREATMENT
MELTING POINT 132 DEGREES CELCIUS
PHYSICAL FREE FROM HARMFUL SUBSTANCE, IMPURITIES&
DUST
RADIATION CERTIFIED NON RADIATION
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QUANTITY:
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XXX MT () Metric Tons (+/- 5 %)
to be delivered 50 00 tons per month. The precise programmed shipping schedule to
be furnished by the Buyer in Appendix A attached and agreed by the Seller.
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PRICE PER METRIC TON
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Price per Metric Ton of The Product shall be US$ XXX
per metric ton, Cost, Insurance and
Freight (CIF)
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ORIGIN:
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Ukraine, Russia, Romania. Seller’s Choice with a complete
buyer’s approval
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DESTINATION:
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CIF ASWP
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PAYMENT TERMS
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Payment shall be made by: Revolving Documentary Letter
of Credit, Transferable, divisible, Assignable, Irrevocable and Confirmed or Unencumbered
Bank Guarantee Confirmed by top 25 Prime Bank payable 100% at sight upon presentation
of relevant POP, SGS Inspection and shipping documents The Documentary Letter of
Credit documents shall be negotiable and payable at the Buyer’s Bank. The Documentary
Letter of Credit opening bank shall allow the adding of confirmation by any acceptable
bank at the expense of the Buyer, should Seller’s bank deem necessary.All bank charges
accrued at Buyer’s bank regarding the opening of the letter of credit shall be for
the Buyer’s account.
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PACKING:
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The product is to be packed in net 50 Kgs. (Fifty kilograms)
new Polypropylene bags with polyethylene lining. The bags have a combined tare of
140 grams and are sufficient to ensure the safe arrival of product to destination
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PROOF OF PRODUCT
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Proof of Product shall be provided by the Seller after
receipt of Buyer’s payment instrument
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PRODUCT DELIVERY
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The date (s) of bill of lading shall be considered
the date (s) of delivery. The first delivery shall begin no later than, thirty (30),
days after receipt and confirmation of operative financial instruments, acceptable
to the Seller.
Regardless of the shipping date indicated on the Financial
Instrument, the Seller shall have the right to deliver earlier than agreed herein,
but shall give sufficient notice to all designated parties andmore particularly,
the Buyer. The product shall be shipped to the destination port(s) of discharge
in accordance with the relevant provisions of this
contract and in minimum shipments of 12,500 (Twelve
Thousand Five Hundred) metric tons (+/- 5 %) each per shipment to cover the total
deliveries stated in the shipment schedule.Total shipments shall be according to
a shipping schedule (To be agreed and attached as Addendum “A” to this contract).
The Buyer however accepts that shipping dates may vary slightly due to slight and
reasonable variations in schedules as a result of the customary and usual exigencies.
Consecutive shipments shall be shipped and delivered in accordance with the
Buyer’s receiving schedule, as sent to and approved
by the seller, following execution hereof, with all shipments conforming to Incoterms
2000.
Partial shipments- allowed Trans-shipment - not allowed
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PRODUCT WEIGHT AND QUALITY
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The Seller guarantees that each shipment of The Product
shall be provided with an inspection certificate of weight and quality at time of
loading and such certificate shall be provided by Société Générale de Surveillance
(Hereinafter referred to as “SGS”) or similar recognized authority approved in writing
by the Buyer at the Seller’s expense, and shall be deemed final. The Seller shall
instruct said authority to carry out the inspection in strict accordance with the
International Chamber of Commerce (I.C.C.) Rules & Regulations. The Buyer shall,
if desired, and at his own expense have the right to arrange an additional inspection
at Port of Loading to confirm loading. If discrepancies should at any time and in
any particular case, result in relation to the inspection certificate (s) issued
at the Port of Loading and Destination, it is hereby agreed that arbitration shall
be employed to determine the appropriate judgment. Both parties agree to be bound
by the arbitrator’s decision for or against either Buyer
or Seller. The parties shall apply rules of Arbitration
applicable to the laws of South Africa at Buyer’s election
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PRODUCT DOCUMENTATION PER LIFT
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Product documentation required for payment under the
Buyer’s Letters of Credit/ Payment Instrument may include
the following, but to be agreed between Buyer and Seller
before final operative instruments are submitted by the
Buyer’s Bank to the Seller’s Bank:
A. Three (3) original and three (3) copies of signed
commercial invoices;
B. Three (3) original and three (3) copies of full
set of clean on board Ocean Bill of Lading (B/L) marked "freight
pre-paid" or “payable per charter party” issued to
the order of buyer;
C. Three (3) original and three (3) copies of Certificate
of quality quantity and weight inspection issued by SGS
only;
D. Three (3) original and three (3) copies of Certificate
of Origin, issued by the Chamber of Commerce and
Industry of the country of origin;
E. One (1) original and three (3) copies of shipping
company statement confirming that the age of the vessel does
not exceed twenty (20) years and the vessel is registered
under Lloyds registry;
F. Three (3) original and three (3) copies of Specification
certificate issued by the appropriate government
authority in country of origin;
G. Three (3) original and three (3) copies of packing
list showing: i) gross / net weight; ii) the number of ocean bill
of lading;
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PROCEDURES THAT ARE TO BE FOLLOWED IN TIMELY MANNER
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● BUYER SENDS LOI WITH BCL AND SOFT PROBE
● SELLER ISSUES THE FCO + DRAFT CONTRACT IN FAVOUR
OF THE BUYER.
● BUYER SIGNS AND SENTS BACK THE CONTRACT DRAFT TO
THE SELLER WITHIN 48 HOURS.
● SELLER SENDS 4 (FOUR) HARD COPIES DULY SIGNED &
SEALED. BUYER DULY SIGN & SEAL
ALL COPIES AND RETURN BACK 2 (TWO) COPIES TO THE SELLER.
HOWEVER COPIES SENT BY
E-MAIL/FAX SHOULD BE CONSIDERED AS ORIGINAL FOR BANKING
PURPOSES
THOUGH HARD
COPIES WOULD BE SENT BY COURIER.
● WITHIN 3 (THREE) BANK WORKING DAYS OF RECEIVING THE
FINAL HARD COPIES, THE BUYER
WILL ISSUE IRREVOCABLE CONFIRMED REVOLVING DIVISIBLE
AND TRANSFERABLE
DOCUMENTARY LETTER OF CREDIT IN FAVOUR OF THE SELLER.
● WITHIN 3 (THREE) BANK WORKING DAYS OF RECEIPT OF
THE RDLC, THE SELLER WILL POST
THE 2% PERFORMANCE BOND AND PROOF OF PRODUCT (POP)
● DELIVERY AND SHIPMENT COMMENCE AS PER SCHEDULE MUTUALLY
AGREED.
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Buyer's information
Company name
:
___________________
Company address
:
___________________
City / Zip / Country
:
___________________
Company Tel / Fax
:
___________________
Legal representative
:
___________________
Name / Title
: ___________________
E-mail address
of the buyer
: ___________________
Buyers Bank Coordinates:
Bank name
: ___________________
Bank address
: ___________________
City / Country
: ___________________
Bank Tel / Fax
: ___________________
Swift Code
: ___________________
Account number
:
___________________
Account name
: ___________________
Bank officer's
name
:
___________________
Bank officer’s
Tel
:
___________________
We understand that
any and all offers and / or contracts are subject to successful seller verification
of funds availability. We hereby give our written
permission for the seller to
conduct a soft probe of our bank account, connected with the above deal.
________________________________________________
(Signature and seal)
(Company Representative Name)
(Title)
Sample of BCL
This is only sample of Bank Comfort Letter which shell be retaped on
the bank's letterhead ( top world prime bank ).
TO: BENEFICIARY via BELLETON IMPORT EXPORT
DATE:............1997.
PLEASE NOTE THAT WE.......................................................... (bank
name) WITH FULL BANKING RESPONSIBILITY,HEREBY CONFIRM THAT OUR CLIENT ....................................(
buyer's name ), WITH ACCOUNT NUMBER....................,IS FINANCIALY ABLE TO INITIATE
THE TRANSACTION INVOLVING PURCHASE OF ................................... (quantityand
product name) DURING THE NEXT ...........................( period of time ). WE
UNDERSTAND THAT THE SHIPMENT FACE VALUE OF THE NEEDED IRREVOCABLE CONFIRMED ............................
(terms of payment \ RLC , DLC,SLC) LETTER OF CREDIT PAYABLE AT SIGHT WILL BE ...................
US $ DOLLARS PER SHIPMENT AND THE TOTAL VALUE OF THE TRANSACTION ................................
(period of contract lenght) WILL BE ............................... US $ DOLLARS.
WE CERTIFY ONLY THAT...................................................(buyer name)
HAS SUFFICIENT FUNDS ON THE ACCOUNT AND SUFFICIENT LINE OF CREDIT WITH OUR BANK
TO COMPLETE ABOVE TARNSACTION. WE GUARANTY THAT THE PAYMENT ( RLC,DLC,SLC) TO BE
USED FOR THIS TRANSACTION AND WILL REVOLVE FROM SHIPMENT TO SHIPMENT DURATION OF
THE CONTRACT SHOULD OUR ABOVE MENTIONED CUSTOMER WISH US TO DO SO. WE ALSO CERTIFY
THAT FUTURE TRANSACTION WILL BE MADE ON THE BASE AS THE PAYMENT BY ....................................(terms
of payment).
WE HAVE BEEN INFORM BY OUR CLIENT.....................................(buyre's name)
TAHT HE HEREBY GIVE PERMISSION TO THE SELLER TO CONDUCT A SIFT PROBE ON HIS ACCOUNT.
............................................................
Authorized Signature
Name and Title of the person signing
ACCOUNT NAME........................................... ACCOUNT NUMBER.....................................................
ACCOUNT OFFICER...........................................................................................................................
BANK PHONE NUMBER..................................BANK FAX NUMBER ..................................................
BANK TELEX NUMBER.................................. BANK SWIFT .............................................................
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