• We must receive buyers LOI + banking coordinates ( BCL) before we issue a FCO
• LOI must contain full, verifiable contact and banking details of the buyer
• LOI must be dated within 2 days. LOI older than 7 days will not be acceptable
• LOI must contain realistic target price in compliance to the market
• LOI must contain shipment destination. Destination must be a safe world port (SWP) and not sanctioned
• LOI must be signed by Chairman/CEO and sealed by company stamp.
• BCL must be fresh dated issued on origin Bank letter head sign/seal by two bank officers
• BCL older than 7 days will not be considered.
• OPC42.5. does NOT ask for deposits or any funds "up front"

Acceptable forms of Payment:

• 3 Month Standby Letter of Credit (LC) and T/T CAD term
• 1-2 Month BG or Standby Letter of Credit (LC) and monthly revolving DLC
• Fully funded revolving standby Letter of Credit (LC) (For quantities less 1 million metric tons per annum)

Links of Contract/legal document specimen.

• Specimen Letter of Bank Endorsement (BEL)
• SCO- Soft Corporate Offer
• Specimen of ?Letter of Intent (LOI) see on webpage or ask for.
• Terms of Payments
• PB-Performance Bond wording
• FSAP- Procedure (draw)
• Sales Contract (draft)
• BG-Bank Guarantee wording

Please note:

• Discounted prices are not available for "trial and/or SPOT orders" though we may rebate the higher prices paid against a longer term contract (please contact us for further information).
• Buyers are permitted to visit loading port at Seller's discretion and Buyer's cost.
• Buyers are also permitted to visit our Plants, Yards, (little restrictions due)
• Buyers's Mandate require prove of 'power of attorney' (Intermediiate without prove are not entitled to negotiate)
• We get started by fully submission of buyers purchase documents only.