HMS 1&2 Supply Available from the Philippines

Product Details

HMS 1&2 supply available from the Philippines:

Origin - Philippines

Quantity - 30,000 to 50,000 tonnes

USD - 375/ tonne CIF any safe ports

Payment - LC at sight

Loading port: Manila port or Surigao port

Load capacity: 25,000 tonnes to 50,000 tonnes vessel/ load

THE PROCEDURE WILL BE AS FOLLOWS:

1. Buyer issues official LOI as per their required quantity, sizes, delivery location and prices CIF

2. Seller accepts LOI and issues FCO.

3. If Buyer agrees and accepts FCO and all conditions, will sign the FCO and send it back to Seller or Seller mediators.

4. The Seller accepts the signed FCO from the Buyer and issues draft SPA to the Buyer for their review and finalisation. If agreed with all the terms and conditions, Buyer signs the Draft SPA.

5. Once Seller receives the signed Draft SPA from the Buyer, Final SPA (signed and stamped) will be issued to the Buyer for signature and stamp to send it back to the Seller.

6. Once the Seller receives the signed SPA, he will issue the Buyer the Proforma Invoice to initiate Draft LC. Once the Seller's bank confirms receiving the Draft LC, Seller arranges a POP video & or pictures with the Buyer's full details on a white board with latest newspaper showing the date.

- If Buyer is already satisfied with this POP he will open the LC.

- If Buyer or Buyer representative’s require actual inspection, Seller will arrange a visit for the Buyer to the site and office for actual inspection. Expenses for the visit will be reimbursed by the Seller to the Buyer as soon as the LC is confirmed. Once the Buyer is satisfied with the POP or site visit , the Buyer proceeds with the Original LC ( Irrevocable and Confirmed ).

Transmission to Seller's bank without delay:

7. Once Original LC is confirmed by the Seller's bank, the Seller will then issue 2% Performance Bond of the total contract price or opened LC value to the Buyer's Bank.

8. Shipments will start.

Documents that will be issued to the Buyer after Draft LC is confirmed:

• Seller's Company Registration

• Company License

• Certificate of Ownership (materials)

Upon loading (included in the LC condition to be issued by the Seller to the Buyer's bank)

• Bill of Lading

• Packing List

• Certificates of Origin

• Certificates of ownership of the goods

• Certificates of SGS

• Invoice

Two lots of the stock were successfully sold to an Asian country recently.

We have also seen Feb 2024 POP.

Direct buyers (not middlemen) should send an official LOI on letterhead with full contact details stating exact requirement and agreeing with the price and procedure by email.

We do not accept LOIs from mandates or middlemen.