


Company Information
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product bauxite
origin   republic of guinea
quantity        400.000 mt /monthÂ
specifications ai2o3 44%, sio2 3% max, fe2o3 25% max, tio2 4% max, free moisture 10% max, size 0-175mm 99.5%, type trihydrate bauxite
delivery fob dapilon (republic of guinea)
payment irrevocable lc issued by buyer�??s top 25 world bank, covering cost of one month shipment sgs for quantity and quality
price  35 usd
total amount 4,800,000 mt per 12 months
inspection sgs
procedures
1)Â buyers sends loi to seller
2)Â seller sends sco or fco and draft contract to buyer
3)Â buyer issues sales purchase agreement with full banking details and signed draft contract
4)Â seller issues final contract
5) not later than 2 days after signature of final contract, buyer bank sends l/c to the seller�??s bank
6)Â seller posts a performance bond after confirmation of lc that becomes operative.
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