Payment terms Small Contract

These payment terms only apply to Small Commodities Contracts, minimum order of 1 (one) full container.

Payment Terms via TT / MT103:

Financial instrument, After Signed contract 30% advance payment, and 70% against copy of shipping documents (BL, packing list, invoice).

COMMODETIES SMALL ORDERS CONTRACT PROCEDURES

1.      Buyer send ICPO + Company registration + Passport.

2.      The Seller sends the draft SPA (Purchase and Sale Agreement) within two (2) business days.

3.      Buyer fill, signs, stamps and returns draft SPA.

4.     The Seller sends the final signed SPA with the proforma invoice.

5.     After Signed contract the buyer issue a 30% advance payment, and 70% against copy of shipping documents (BL, packing list, invoice).

6.   The ship is loaded, in the presence of the SGS, which will certify, issuing the POP. the buyer is invited to be present when the vessel is loaded, at the port oforigin.

7.   All subsequent shipments will follow the same procedure if applicable.

8.   All shipping documentation will be delivered to the buyer, within 5 working days after the seller will receive the full payment.