ACHAT N°142726:
07/01/2014 12:52:29
We are an Estonian non profit organization recycling used transparent PET bottles in bales. Transportation conditions according to the agreement CIF or FOP. Our preferred payment type is letter of credit.
Contract conditions:
1. The Buyer orders goods from the Seller, with the quantity and quality stated in the contract.
2. The Seller confirms its readiness to load the relevant quantity of goods.
3. The Seller orders containers for loading, from a representative of the container line agreed between the parties beforehand.
4. The Buyer receives confirmation from the container line’s representative, stating that the containers have been issued to the Seller for loading.
5. The Buyer opens a 100% Letter of Credit (L/C) to the Seller’s name.
6. The Seller issues an invoice for 30% and involves SGS as an independent expert to verify the quantity and quality of the goods.
7. The Buyer receives a confirmation from SGS’s representative, stating the verified quantity and quality of the goods, and Buyer sends the first 30% of the total amount to the Seller pursuant to the invoice.
8. The Seller sends the containers with the goods to ship loading operations and sends copies of accompanying documents to the Buyer.
9. After verifying the documents, the Buyer opens the remaining 70% of the L/C for the Seller.
10. With this, the transaction is considered complete.
