I am a commodity trade agent and I have aluminum wire for sale from Kenya. Below are the details:
PRODUCT: ALUMINUM WIRE PURITY 99.97%
ORIGIN: KENYA
QUANTITY: 500 MT
SHIPPING TERMS: CIF
UNIT PRICE (USD): USD$ 900 PER METRIC TON
PAYMENT TERM: OPTION 1: 100% IRREVOCABLE, CONFIRMED, TRANSFERABLE, ASSIGNABLE,
LADING AT LOADING PORT)
OPTION 2: TT (30% ADVANCE AGAINST PI AND 70% BALANCE AGAINST SHIPPING DOCUMENTS AT LOADING PORT.
PORT OF LOADING: MOMBASA PORT
PORT OF DISCHARGE: ANY SAFE PORT
DELIVERY PERIOD: Within 35 days after authentication of Buyer's SBLC MT760 OR 30% Advance Deposit.
Procedures:
Buyer's LOI issued
Seller issues his FCO
Buyer send back FCO signed and stamped along with ICPO
Seller issues his SPA open for amendments
Buyer send back SPA signed and stamped
Seller and buyer exchange the signed SPA via mail
Buyer send payment instrument to seller's Nominated Bank
After confirmation of payment instrument, seller start loading
Shipment starts in accordance with SPA
Buyer release payment Within 3 days after presentation of Shipping documents Bank to Bank