- Payment terms (TRANSFERABLE): Financial instrument, irrevocable, transferable, divisible, bank confirmed, top 25/50 worldwide. Payment MT 103, against shipping documents, inspection and certificates. Payment in destination port + US$ 50 MT.
- CAD or TT payment: Payment 30% after signing the contract and 70% against copy of shipping documents (BL, packing list, invoice, SGS, etc).
- Payment terms (NON-TRANSFERABLE):- By LC 100 % AUTO REVOLVING, CashBacked, Irrevocable, Confirmed, Divisible, NON-Transferable and Unrestricted, Operative at sight at loading port via MT 700 given as Guarantee only (Valid for 12 months) Each month, within 3 banking days, Buyer pays by MT103/TT against the Official Shipping Document including BL and SGS Report. Payment in destination port + US$ 50 MT.
- Escrow Account – Buyer put the amount representing one month face value purchase in ESCROW ACCOUNT – open for 11 months as Guarantee only and payment of the last delivery (12th month). Each month Buyer pays by MT103/TT against the Official Shipping Document including BL and SGS Report. The most economical solution for the buyer in terms of financial instruments use! Seller bears all financial costs within REYL & Cie bank (creation and management costs of the Escrow account dedicated to the transaction / to the customer).
- Accepted financial instrument format: MT 700 and MT 760. MT 720 is not accepted.
- Performance Bond: 2 % (within seven to fifteen days after confirmation of the payment instrument). not applicable to spot offers and payment with financial instrument non transferable.
- Performance Past: We do not make. Prohibited by protection law data.
- GACC register: Available. It will be mentioned in the FCO.
- Insurance: 110%. included in the price, borne by the seller.
- PPOP: According to the authorization and availability of the refinery / farmer, a PPOP can be made in video, showing the product, date, and name of the buyer or we provide allocation letter. POP: SGS on ship loading. The buyer is invited to be present at the loading of the ship.
- POF: Buyer provide POF bank to bank, before of SPA. (A BCL for DD can be requested
with ICPO
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