Product: Thermal Coal type B.
Calorific value: 6.200 Kcal/Kg.
Origin: Colombia.
Quantity: 30.000 MT monthly.
Price: USD$ 49.oo Mine Entrance
USD$ 3 for commissions.
Length: 60 months.
Inspection: SGS at port of loading on seller’s account.
Method of payment: SBLC irrevocable, confirmed, sight, divisible
transferable plus bank guarantee supporting
the value of six shipments.
PROCEDURE
1.Seller sends FCO.
2.Buyer sends ICPO with bank details and letter authorizing to verify funds.
3.Seller through his bank officer checks Proof of Funds.
4.Once Seller has checked Proof of funds satisfactorily, authorizes buyer to check Proof of Product.
5.Legalization of contracts.
6.Start of operations.