Buying N°656485:
29/09/2024 16:37:25
en 590 10 ppm trading and payment requirements
1.the buyer agrees to purchase 600,000 mt of en590 10 ppm per
month from the seller.
2.upon signing the spa, the buyer must provide a 100% transferable
performance bond to the yingke law firm’s escrow account as a
transaction guarantee. the letter of credit will be valid for 365 days plus 1
day, and the seller will be notified upon its receipt.
3.once the performance guarantee is confirmed by the yingke law firm,
the seller must provide a 2% performance bond to his escrow agent’s
account within 5 working days.
4.after the contract is signed, the seller will deliver the goods to the
buyer’s warehouse in the designated bonded area of the cooperating
foreign port. upon receipt of the goods, the buyer will make a 100% tt
payment to the seller for each transaction, continuing in this manner until
the contract’s conclusion.
the fiduciary entities of both parties will have to collaborate to ensure the
security of the transaction.
Tariff conditions : 390$ MT
Quantity : 600 000 MT
Cost : 390$ MT
