Palmoilcam.Plc

INCOTEMS 2000 applies. Please note the price is inclusive of Cameroonian government export taxes.PRICE REVISION Revised when the CPOB market price fluctuates more than 10%.LOADING PORT Port Douala sea portseller&＃39;s choiceQUALITY: Cemeroon Assurance.SAPB: Seller to issue 2% Performance Bond to activate the SBLC.PAYMENT INSTRUMENT Irrevocable confirmed auto-revolving SBLC 100% at sight, issued by top ECO BANK.PLC Prime Bank, for 1 month contract value with 13 months validityPOP Will be issued after SBLC and cargo is loaded.PROCEDURES:a) Buyer issue valid letter of intent (LOI) to seller on Buyer&＃39;s company letterhead.b) Seller&＃39;s mandate then will issue Full Corporate Offer (FCO)c) Upon accepting the terms & conditions of FCO, Buyer issues Irrevocable Corporate Purchase Order (ICPO) with Bank Comfort Letter(BCL)d) Seller issues and sends the duly signed and seals Contract in hardcopy to Buyer + previous SGS upon completion of soft probe.e) Buyer and Seller sign and seal Contract with Banking Co-ordinates.NCND agreement to be duly signed by all buyer, seller, mandate buyer& seller or intermediaries.f) Buyers Bank sends pre-advised SBLC for approval. After approval, arrange non operative SBCL.g) Seller posts 2% Performance Bond after receipt of authenticated SBLC.h) Delivery commences on date to be agreed by both parties.Final terms, conditions and procedures will be advised by the Seller&＃39;s FCO and Draft contract