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DELIVERY
The basis of delivery shall CIF, with shipment commencing within 10 banking days after the SELLERs bank receive the payment instrument as per described on article below.
ARTICLE 7 – CONTRACT PROCEDURES
• The SELLER issues draft contract to the BUYER;
• The BUYER Signs and seal’s the contract and shall e-mail it back to the SELLER.
• The SELLER shall issue four hard copies of the contract and send them to the BUYER. The BUYER and the SELLER shall sign accordingly.
• The SELLERs bank sent to BUYERs bank the Refinery Attestation Letter as Partial POP in up to 05 calendar days after signed the contract
• The BUYERs bank issues Operative Transferable DLC or SBLC for the value of 50,000 MT at once, within 05 calendar days after the SELLER effect the Partial POP.
• SELLER provides the 2% Performance Bond as per terms of the present contract.
• Delivery commences as stated in this sale purchase contract of white refined