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    Aluminium Ingots - SCO-1

    Uploaded by

    cre8evemind

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    © All Rights Reserved
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    Aluminium Ingots - SCO-1

    Uploaded by

    cre8evemind
    73 views3 pages

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    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    73 views3 pages

    Aluminium Ingots - SCO-1

    Uploaded by

    cre8evemind

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    You are on page 1of 3

    Aluminium Ingots A7 - SCO

    1.Buyer issue LOI.

    2. Seller issue FCO.

    3. Buyer approves, signs and returns FCO + CIS.

    4. Buyer issues ICPO WITH POF (OPTIONAL).

    5. Seller issues SPA draft.

    6. Buyer studies, amends or signs SPA if no amendment then returns


    to Seller for counter

    signing.

    7. Seller returns the amended contract dully signed and sealed as


    final contract to Buyer

    together with the Pro-forma Invoice.

    8. Buyer opens DLC MT700 / UDLC MT- 700/ LC MT-700/ SBLC MT-
    760 for 100% invoice.

    amount of each shipment from top 50 prime Bank.

    9. After receiving operative LC Seller issue 2% PB.


    A). Guaranteed by Irrevocable, Confirmed, Transferable/Non –
    transferable and Divisible LC from one of top 50 banks.

    B). 100% Payment by MT103/TT within 3 banking days after the


    receipt of the shipping

    documents including Bill of Lading and the SGS Report at Port of


    Destination.

    10. Shipping begins 20 to 30 days after Seller receives the LC.

    11. SGS inspection arranged and paid by the Seller at loading port. A
    copy of the SGS Report

    will be emailed to the Buyer.

    12. Shipment arrives. SGS inspection arranged and paid by the Buyer
    at destination port. A

    copy of the SGS Report will be emailed to the Seller on the same day
    that it is received by the

    buyer.

    13. Seller issues final Commercial Invoice.

    14. Buyer pays 100% of the Commercial Invoice by TT Wire Transfer


    MT103 within 2 banking

    days after receiving the shipping documents including Bill of Lading


    and receiving the SGS

    Report done at the destination Port.

    15. Next shipment commences as per shipping schedule in the SPA.


    the price for the month for Alu Ingots A7 is 2350 Usd per MT, LME of
    May 31, *2024: 2677 Usd /MT Our commissions are set at 2%, with
    1% each for the buyer side open and the seller side closed.

    Origin : Kazakhstan, USA, Russia, Africa and South Africa.

    Note: We do not accept orders less than 10,000 tons per month.

    important note :

    LOI purchase order will not be accepted without:

    1- To: Intak International Ltd.

    2 - Mention the type of bank guarantee that must be opened upon


    signing the contract and before sending the goods.

    3- Mention the price of the goods in the offer.

    It is required to respect the three important notes so that the


    purchase order is not cancelled.

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