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      You are in ::  Home > LNG/CNG > Read
  LNG/CNG Read  
Sell :: 152
Buy :: 63
News :: 3
Count : 847
LNG -CIF NO UPFRONT PAYMENT PRICE $260/250 2018-02-19
 
CIF (COST, INSURANCE & FREIGHT) - TRADING PROCEDURE:
1. Buyer issue LOI to seller with targeting price.
2. Seller issued FCO to buyer, buyer signed FCO and return it accompanied with acceptance letter to seller.
3. Seller issues Draft Contract for buyer to countersign upon acceptance of terms and conditions.
4. Seller confirms final contract, at own expense notarizes it and submit partial POP buyer (via email):-
a) Commitment letter to supply the product,
b) Commodity Transaction Passport (Transfer Certificate),
c) Product Injection Report/ Sanitary Commercial Invoice,
d) Final Notarized SPA copy,
e) Seller’s Registration Certificate.
5. Seller at own expense, signs CPA with shipping/logistic company and alert buyer on shipment ordered
graphic/schedule accompanied with submission of nominated Vessel details to buyer.
6. Upon shipment schedule announcement, buyer’s bank within five (5) working days shall swift DLC/MT700 or SBLC
to seller’s bank, seller’s bank responds with contractual operative 2% PB and full POP to buyer’s bank within twentyfour
(24) hours since buyer’s instrument confirmed by seller’s bank.
7. After seller’s bank receipt of buyer’s LC, loading commences from 5-10 days. If the buyer fails to issue agreed
instrument within said five (5) working days, as an alternative provision, within seventy-two (72) hours, buyer shall
immediately pay agreeable % of shipment value via TT-Wire to seller’s Logistic Company or Escrow governing to
guarantee restoring chartered performance and rectification to ordered shipping graphic, the agreed % will later been
deducted from product’s Invoice payment value.
8. Upon successful confirmation of quality and quantity at destination port, buyer makes payment by MT103.
9. Seller, within seventy two (72) hours, pays commissions to all intermediaries involved in the transaction
 
 Contact Information
Name   Mr. ABEN SMITH 
Company   Member : SS TRADERS 
Email   Log In to See Email 
   Inquire Now 
Tel   00918973330555 
Fax   0091465222259 
Mobile   00918973330555 
Web    
IP   62.231.236.21 

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