SHIPMENT: CIF. Buyer issues LC in the name of the sellers financiers bank in return seller bank automatics issue 2%PB in return to buyer bank. The Seller must deposit 2% of Performance Bond to Buyer bank for total value for the product after assaying in any of the refineries In International Airport. Then the financier will spear head all the expenses to deliver the agreed quantity 100kg to the buyers designated country airport which the buyer will pick it up with his securities to his refinery.
Note:- Buyer should just issue the LC for 100KG and seller must deposit 2% of Performance Bond to Buyer and in between seller and buyer.seller we delivery 100kg weekly to buyer weekly base and at the end of the day buyer will transfer 100kg fund to our account
PART PAYMENT: T/T after final assay in the buyers refinery to the financiers nominated account.
DOCUMENTS: Seller shall provide the following documents to Buyer after payment of goods at his bank.
a) Four original copies of Commercial Invoices in favor of Buyer.
b) Certificate of Ownership d) Airway Bill
c) Certificate of Assay Report e) Export Permit
f) Certificate of Origin g) Assay Report
The Seller and the Buyer each declare to one another that the commodity offered herein are for Sale and the origin of the funds to be used for purchasing the commodity do not contravene Any of the following LAWS and are not connected to any illegal or criminal activity:
a) The Drug Trafficking Act of 1986
b) The Criminal Act of 1988
c) The Prevention of Terrorism (Temporary Provisions) Act of 1989;
d) The Criminal Justice (International Cooperation) Act of 1990;
e) The Criminal Justice Act of 1993
f) Trade Secret of 1979: Economic Espionage Act of 1993 [18 U.S.C. 1839 (3)]
g) The Anti-Terrorism Act and the Patriot Act I and II.
International Airport Custom.
I will pay and cover whole of payments in Korea, eg, Custom clear Tax, refinery, security handling, charge, TT charge etc….
Will send payment TT within 3 days after refine gold.
I will send irrevocable Bank Letter of Credit as payment guarantee by bank.
After send Bank LC to Seller, Seller must deposit 2% of Performance Bond to Buyer. Then, my Bank LC will be become active.
I never pay upfront or Seller export cost before refine.
I will 100% guarantee payment within 3 working day after refine << Less