ICUMSA 45 - Terms

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INITIAL PAYMENT IS REQUIRE TO PLACE IN INTERNATIONAL ESCROW AGENT ACCOUNT BALANCE PAY BY LC, SUBJECT TO CONFIRMATION.BUYER REQUIRE TO PROVIDE RWA OR BCL FROM BUYER BANK TO SELLER. 
OR 
PAYMENT:40% ON BOOKING OF HIGH SEA STOCK AT MALAYSIA TRUSTEE BERHAD / RHB GROUP ESCROW AGENT.BALANCE 60% UPON ARRIVAL OF DESTINATION PORT. 
QUANTITY: 20,000 METRIC TONNE. (IN ONE VESSEL) 
TOTAL: 6,000,000.00 SIX MILLION UNITED STATE DOLLAR. 
USD 2.4 MILLION BOOKING FEES AT MALAYSIA TRUSTEE BERHAD/RHB GROUP ESCROW AGENT. USD 3.6 MILLION UPON ARRIVAL DESTINATION PORT.FROM JABEL ALI.DUBAI. 
THIS READY STOCK VALID TILL 15Th February 2018 

MALAYSIA MARKET ONLY 

PAYMENT TERMS: APPLY TO MALAYSIA MARKET ONLY
10% OF 1ST SHIPMENT PRICE TO BE PLACE AT RHB TRUSTEE BERHAD/ESCROW (AS GUARANTEE) AFTER RECEIVE FCO FROM SELLER AS BOOKING AND COMMITTMENT FEES.
AFTER CONFIRM 10% OF FIRST SHIPMENT IS PLACE IN THE RHB TRUSTEE BERHAD /
ESCROW, SELLER SEND CONTRACT FOR BOTH PARTIES TO SIGNED AND SEAL.
100% DLC AT SIGHT UPON AFTER CONTRACT SIGNED BY BOTH PARTIES AND RECEIVE PRO FORMA INVOICE FROM SELER.RELEASE PAYMENT MT 103 PAY EACH SHIPMENT AFTER RECEIVING BILL OF LADING AND SGS DOCUMENT.PAYMENT OF 90% DLC ON THE LAST SHIPMENT CONTRACT AND RELEASE PAYMENT ON 10% AT RHB TRUSTEE BERHAD / ESCROW.

FOR SPOT ORDER, 10% GUARANTEE AFTER FCO AT RHB GROUP TRUSTEE BERHAD/ESCROW, 90% LETTER OF CREDIT AT SIGHT, RELEASE PAYMENT UPON RECEIVING BILL OF LADING AND SGS DOCUMENT.RELEASE 10% GUARANTEE FEES AT THE SAME TIME.BASIC PROCEDURE ONLY APPLY TO MALAYSIA, SABAH AND SARAWAK BUYER ONLY

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