PRODUCT Portland cement:

·       United States Standard ASTM C 150 or

·       British Standard BS 12/1996 or

·       European Standard EN-97-1/2000

·       SABS Standard (SANS 50197-1 / SABS EN 197-1)

·       GOST and BIS standards to be quoted for

Standard Contract Procedures

·       Buyer sends valid letter of intention (LOI) with full banking co-ordinates and written permission to conduct a soft bank probe (or a bank comfort letter (BCL).
 

·       Supplier sends Full Corporate Offer/Draft Contract (FCO) (DC).
Buyer signs, seals and returns FCO/DC + BCL to Supplier.
 

·       Supplier sends contract to the buyer.
 

·       Buyer signs and seals contract and returns it to Supplier.
 

·       Supplier signs and seals contract and returns it to the buyer.
 

·       Buyers' bank opens non-operative SBLC/RDLC or BG to Supplier’s bank. (Payment instrument must be issued or confirmed by a TOP 50 bank!)
 

·       Supplier’s Bank issues 2% performance bond (PB) and Proof of Product (POP) via SWIFT to buyers' bank.
 

·       Payment instrument becomes operative.
 

Shipments commence as per contract.

Frequently Asked Questions (FAQ) 

·       We must receive a LOI + banking coordinates (or BCL) before FCO is issued
 

·       LOI must contain full, verifiable contact and banking details of the buyer
 

·       LOI must be dated within 7 days. LOI older than 7 days will not be acceptable
 

·       LOI must contain target price
 

·       LOI must contain shipment destination. Destination must be a safe world port (SWP) and not sanctioned
 

·       LOI and BCL must be signed and sealed
 

• BCL must be fresh dated. BCL older than 7 days will not be acceptable
   

MAIL:                             cement@cm-trade.eu