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Business
Terms
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Our normal Business Terms for steel trading are as bellow, however they may vary from time to time without prior notice:
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1. |
Normally
we offer as below:
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2. |
Price is FOB or CFR (destination) according to Incoterms (latest edition). | ||
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3. |
Legalisation and Certification of documents are charged at cost if applicable. | ||
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4. |
Delivery time counts always after receipt of workable L/C. | ||
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5. |
Inspection Prior to shipment to be final. Third party inspection costs are for buyer's account. | ||
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6. |
Weighing and Invoicing for material supplied is on actual weight bases. Theoretical weight invoicing is possible depending upon origin , Mill and on the steel material. | ||
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7. |
Packing
depends on the commodity or destination. For example:
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8. |
Delivery Allowance is +/- 10% or as agreed at the time of order. | ||
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9. |
Payment:
Our usual terms are Irrevocable, letters of credit payable at sight, to
be opened with in 7 working days from order confirmation, by full telex
(allowing T/T reimbursement). L/C may be required to be confirmed by prime
international bank , at the initiative and expenses of the buyer.
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Let us know if you have reservation on any particular mill or origin. | ||
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11. |
Mill Certificate or Certificate of Conformity will be supplied according to the agreed norms. | ||
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12. |
We usually reserve the right to requote if our offer is not accepted entirely as quoted. | ||
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13. |
Since in most cases we have to go through considerable effort and time to prepare a particular offer, we request our clients to please let us have prompt feedback on our offers to discuss with our principals. |