LC

PAYMENT TERMS :

7.1 Payment shall be by Irrevocable LC At Sight Ex works / SBLC / TT / MT 103 / cash as follows:-Upon collections / Partial Deal or Delivery :-

7.2 0% deposit by cash / TT / MT 103 upon signing Agreement within 3 - 7 (Three to Seven) working days after Buyer’s Inspection and before delivery only.

7.3 100% block fund MT 799 and shall be Payment by swift Irrevocable LC at sight ex work / SBLC and shall be released upon partial delivery of products

PROCEDURES

17.1 Seller issues the working draft contract (this document) in favour of the Buyer for editing, minor changes or acceptance.

17.2 Buyer returns accepted draft contract duly signed, initialled and sealed to the Seller via e-mail with a specimen of financial draft for Seller/Seller’s Bank Approval of payment. (Appendix “C”)

17.3 Seller. reviews, accepts and returns a fully executed final sales Contract, signed, sealed and locked in for quantity and price in PDF format via e-mail to the Buyer which becomes hard copy for Buyer and Seller’s banks.

17.4 Within three (3) International banking days, after signing of fully executed Contract, the Buyer's Bank: xxxxxxx shall issue to Seller’s Bank KASIKORNBANK PUBLIC COMPANY, Thailand, as per Seller’s Bank detail, as swift Irrevocable LC At Sight Ex works or a transferable documentary cash MT 103 or other agreed instrument for payment partial’s inspection in first shipment value at USD16,000,000.00(Sixteen million United States Dollars Only.)

17.5 Shall be paid after partial delivery or collection to product values of second shipment and continuous of each shipment until all collection exhausted till the expire date of this agreement.

17.6 Seller will provide security place and tools for inspection until proof of product.

17.7 Seller sends title to buyer via email within 1-3 days after confirming bank instrument.

17.8 Seller to issue 0% insurance in favour of buyer.

17.9 Delivery(s) commence as per Agreement between Buyer and Seller AS PER UCP 600 (SIX HUNDRED) INSTRUMENTS (STANDARDS) AND CODE FOR FINANCIAL ANY REVISIONS AS SET BY THE INTERNATIONAL CHAMBER OF COMMERCE (ICC). ANY DEVIATION FROM THE ABOVE PAYMENT TERMS IS SUBJECT TO ACCEPTANCE BY THE SELLER THE BUYER CAN CLAIM NO RESPONSIBILITY IN THE EVENT THAT ACCEPTANCE OF THE FINANCIAL INSTRUMENT IS REFUSED.