Cash Payment

CASH PAYMENT TERMS

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STAGE 1
Initial Enquiry, Correspondent & Soft Offer
Letter Of Intent (LOI)
Full Corporate Offer (FCO)
Full Corporate Offer (FCO) Acceptance
Draft Contract Negotiation
Final Contract
Down Payment

STAGE 2
Mine site visit at Buyer Cost
Guarantee Supply Letter from Mine Owner
Supply Confirmation Sheet from Seller
Mining Activity & Cargo Preparation up to Stockpile
Pre-Shipment Analysis
Mine Site Visit at Buyer Cost

STAGE 3
Issuing Of Shipping Instruction and Submission of Stowage Plan to Seller
Indenting of Stevedoring Company & Local Export Clearing Agent
Provide Vessel Local Agent Particular & Contract Detailed
Booking of Jetty Slot for Loading to Barge
Hauling of Cargo to Jetty
Indenting of Independent Surveyor for Barge & Vessel Inspection

STAGE 4
Loading Activity to Barge
Draft Survey and Quality Analysis on Barge
Final Invoicing after Price Adjustment Base on Draft Survey & Quality Analysis by Surveyor
Seller Get Paid

FOLLOW UP AFTER SHIPMENT
Claim on Demorage and Dispatch
Arrival of Vessel at Destination Port & Unloading
Local Custom Clearance (eq. CIQ for China)

INCASE OF DISPUTE INSPECTION AT DISCHARGE PORT
If, Substantial Differences in Quality
One Part of Sample Taken by Surveyor at Loading Port Send to Umpire
Result From Umpire is Final and Difference in Cargo Payment Recover Accordingly
Seller Re-imburse Overpayment to Buyer if Umpire Result is on Buyer Interest