Palmoilcam.Plc

Company Description

INCOTEMS 2000 applies. Please note the price is inclusive of Cameroonian government export taxes.
PRICE REVISION Revised when the CPOB market price fluctuates more than 10%.
LOADING PORT Port Douala sea port
seller's choice
QUALITY: Cemeroon Assurance.SA
PB: Seller to issue 2% Performance Bond to activate the SBLC.
PAYMENT INSTRUMENT Irrevocable confirmed auto-revolving SBLC 100% at sight, issued by top ECO BANK.PLC Prime Bank, for 1 month contract value with 13 months validity
POP Will be issued after SBLC and cargo is loaded.

PROCEDURES:
a) Buyer issue valid letter of intent (LOI) to seller on Buyer's company letterhead.
b) Seller's mandate then will issue Full Corporate Offer (FCO)
c) Upon accepting the terms & conditions of FCO, Buyer issues Irrevocable Corporate Purchase Order (ICPO) with Bank Comfort Letter(BCL)
d) Seller issues and sends the duly signed and seals Contract in hardcopy to Buyer + previous SGS upon completion of soft probe.
e) Buyer and Seller sign and seal Contract with Banking Co-ordinates.NCND agreement to be duly signed by all buyer, seller, mandate buyer& seller or intermediaries.
f) Buyers Bank sends pre-advised SBLC for approval. After approval, arrange non operative SBCL.
g) Seller posts 2% Performance Bond after receipt of authenticated SBLC.
h) Delivery commences on date to be agreed by both parties.

Final terms, conditions and procedures will be advised by the Seller's FCO and Draft contract