PAYMENT TERMS FOR BULK VESSEL SHIPMENTS-SPOT SHIPMENTS

1) IRREVOCABLE, TRANSFERABLE, CONFIRMED SBLC/DLC 100% PAYABLE AT
SIGHT UPON PRESENTATION OF SHIPPING DOCUMENTS, THE SBLC/DLC HAS TO BE
CONFIRMED FROM ANY OF THE TOP 25 PRIME BANKS
2) IRREVOCABLE, TRANSFERABLE, CONFIRMED “MT100/72” 100% PAYABLE AT SIGHT UPON
PRESENTATION OF SHIPPING DOCUMENTS, THE SBLC HAS TO BE CONFIRMED FROM
ANY OF THE TOP 25 PRIME BANKS