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Performance Bond to Buyers bank by swift within 5 banking days after sign the contract 6.After the POP, PG and other documents identification, the buyer should open an irrevocable, Indivisible and non-transferable documentary letter of credit (MT700) in favor of the Seller by telex (SWIFT) within ten working days and activate the Performance bond 7.Shipping documents in name of the Seller shall
China
SHIPMENT & PROCEDURES 1.BUYER AND SELLER SIGN AND SEAL THIS CONTRACT INCLUDING BANKING COORDINATES AND EXCHANGE THE SIGNED COPY BY ELECTRONIC MAIL AND DEPOSITED WITH THEIR BANKS.THE ELECTRONIC SIGNED COPY BY BOTH PARTIES IS CONSIDERED LEGALLY BINDING AND ENFORCEABLE. 2 WITHIN THREE 3 BANKING DAYS,SELLER'S BANK ISSUES RWA CONFIRMING READINESS TO POST 2% PERFORMANCE BOND UPON RECEIPT OF BUYER'S SBL
Related Keywords : Crude Oil, M100-75, LNGCategories : Energy, Crude Oil
China
interest in LPG, CIF China port, 12 monthly shipments of 20,000 MT. Also Buyer has interest in D2, CIF China port, 12 monthly shipments of 100,000 MT. Payment guarantee by DLC basis SWIFT 700 or 720, payment by TT after receipt and inspection of goods in China. Buyer requires 2% performance bond from Seller. Please indicate if the above if acceptable in general terms and we can discuss further.
China
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