PAYMENT TERMS FOR ANNUAL CONTRACT SHIPMENTS

1) IRREVOCABLE, TRANSFERABLE, CONFIRMED SBLC/RDLC 100% PAYABLE AT
SIGHT UPON PRESENTATION OF SHIPPING DOCUMENTS, THE SBLC/DLC HAS TO BE
AUTO-REVOLVING, CONFIRMED FROM ANY OF THE TOP 25 PRIME BANKS
2) IRREVOCABLE, UN-RESTRICTED, CONFIRMED “BG” BANK GUARANTEE OF ONE
SHIPMENT VALUE AND EVERY MONTH TT-FOR THE SHIPPED VALUE UPON
PRESENTATION OF SHIPPING DOCUMENTS, THE BG HAS TO BE VALID UNTIL COMPLETION
OF THE CONTRACT AS AGREED AND BG SHALL BE ISSUED & CONFIRMED FROM ANY OF THE
TOP 25 PRIME BANKS

INCOTERMS: – FOB/CFR/CNF/CIF