VENTE Annonce
N°641682:
Recherche de client métaux méthode de vente
the standard procedure in saudi arabia for purchasing steel is as follows:
1 buyer sends either a loi or an icpo mentioning all relevant details like the type of product, quantity required, duration of delivery, name of the destination port, payment terms sblc (mt 760) / confirmed, irrevocable, auto revolving dlc (mt 700).
2. seller provides an official full corporate offer (fco).
3. the buyer signs the fco and also affixes their company’s official stamp/ seal.
4. seller sends a draft spa which will also contain the registration certificate and other such identification papers of the seller. buyer and seller mutually agrees to carry out minor modifications to the spa (if required). buyer & seller then signs & stamps the spa.
5. seller sends final pro forma invoice to buyer.
6. buyer opens either a sblc (mt 760) or dlc (mt700) in favour of the seller as per the terms of the spa. the buyer also has the option of arranging to send a pre advice (mt 705) to the seller's bank , if he wishes to visit the warehouse of the seller in the kingdom of saudi arabia to inspect the steel, take videos, and obtain a certificate of analysis from the seller.
7. seller will issue a performance bond covering a value between 2% to 5% of full quantities to the buyer.
8. buyer opens either a sblc (mt 760) or auto revolving dlc ( full amount or lc/sblc
for shipment with bank grantee )
9. seller starts the shipments as per the terms of the spa.
important notes:
1 there is no inspection of goods before sign the contract and open lc.
2 there is no certificates of analysis less than 90 days old.
3 bank credit will be acknowledged, confirmed, irrevocable, and transferable.
4 the buyer will not pay any amount in advance before receiving and examining the goods.
