Kcal: GCV ADB 4900-6800 kcal/kg
Supply Ability: 50.000 MT/ month up to 100.000 MT/Month
Port of loading: South Kalimantan or East Kalimantan
Price Guarantee: Price held firm for 3 month (excluding government
increases in taxes).
Delivery Schedule: According to mutual agreement
Price in CFR:
(Price FOB + Shipping Cost to
destination)
Shipping cost to China port 10
USD/MT central china,12 USD/MT south china and 14 USD/MT to
north china
Shipping cost to india port 14
USD/MT
Shipping cost to Pakistan
port 16 USD/MT
Shipping cost to Philippine
port 11 USD/MT
Shipping cost to Vietnam
port 8 USD /MT
Term of Payment:
payment through:
-100% Irrevocable, Confirmed,
Non-Transferible, Documentary Letter of Credit at sight or
-100% Stand buy Letter of
Credit or
-100% Bank Guarantee
2%
Performance Bond after receiving some or above payments.
STANDARD
BUYER AND SELLER PROCEDURES
1. LOI
(Letter of Intent) request for FCO from Buyer/agent with full mineral contract
specification,
2. FCO
issued to Buyer along with contract specification,
3. Buyer
returns FCO fully signed and chopped as agreement to FCO within the time scale
given in our FCO.
4. Seller
will issue draft contract, the contract is to be agreed, signed and sealed
within 5 days.
5. The buyer
must issue their REAL draft of DLC at the same time they return the signed
contract.
6. On
completion of signed and sealed contract the Buyer and Seller will agree
together with their banks the final paperwork for method of payment instrument
pre-agreed within the contract
7. Contract
to be electronically signed and chopped via email or by physically signed and
chopped at Jakarta/Banjarmasin
8. On
completion of signed, chopped, sealed contract that includes a NCNDA clause
Seller will provide any further paperwork proving Quality of the mineral to be
sold and ownership of the mineral will provided to the buyer including site
mine location etc.
9. Site
visit to mine if buyer requires (sample, and testing at the same time if
required by buyer) prior to opening financial payment instrument as final due
diligence procedure.
10. On
completion of a successful mine visit, the buyer will issue a non-operational
payment instrument to the seller, the payment instrument should contain a
clause within it stating it becomes fully operational on placement of seller
operational BPG (Bank Performance Guarantee) if the LC is non-operational
11. The
Seller within 1-5 days (depending on type of payment instrument issued)
following the receipt at the Seller bank of non-operational payment instrument,
will send to the Buyer (if applicable) the Performance Bond,
12. Commence
of the contract.
Gulf Express International, Inc.
1810 Garfield Street
Hollywood FL 33020
ph: 954-589-0170
skype: gulfexpress
info@gulfexpressintl.com
www.gulfexpressintl.com
