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  • Delivery and Payment Policy

1. Payment Methods:

To facilitate secure and reliable transactions, we accept the following payment instruments:

Standby Letter of Credit (SBLC): An SBLC is a guarantee of payment issued by a bank on behalf of the buyer, ensuring payment in case the buyer defaults. The SBLC must be irrevocable and issued by a reputable bank.

Letter of Credit (LC): A Letter of Credit is a commitment by the bank to pay the seller, provided that the seller meets the terms and conditions specified in the credit. It must be irrevocable and confirmed by a reputable bank.

Bank Guarantee: A Bank Guarantee is a promise from a bank to cover a loss if the buyer fails to fulfil their contractual obligations. It must be issued by a recognized financial institution.

2. Pricing Terms:

FOB (Free on Board): Prices are quoted on an FOB basis, meaning the seller is responsible for all costs up to and including loading the goods onto the ship at the port of shipment. The buyer assumes responsibility for all costs and risks from that point forward.

CIF (Cost, Insurance, and Freight): For CIF pricing, the seller covers the costs, insurance, and freight necessary to bring the goods to the destination port. The buyer is responsible for unloading and any further costs or risks after the goods reach the destination port.

3. Delivery Terms:

Delivery Schedule: Delivery schedules will be agreed upon and outlined in the purchase contract. We strive to meet agreed delivery dates but are not liable for delays caused by unforeseen circumstances or factors beyond our control.

Shipping: For FOB transactions, the buyer is responsible for arranging and paying for the shipping from the port of shipment. For CIF transactions, we will arrange and cover the cost of shipping and insurance.

Risk Transfer: Risk of loss or damage to the goods transfers to the buyer once the goods are loaded on board the vessel (for FOB) or upon arrival at the destination port (for CIF).

4. Documentation:

For SBLC and LC Transactions: Upon receipt of the SBLC or LC, we will proceed with the shipment of goods as per the terms outlined in the credit. Relevant shipping documents will be provided to the buyer as specified in the LC or SBLC.

For Bank Guarantee Transactions: We will provide the necessary documentation as agreed upon, and the goods will be shipped according to the terms outlined in the contract and bank guarantee.

5. Dispute Resolution:

In case of any disputes regarding payment, delivery, or the terms of the transaction, parties will first seek to resolve the matter through mutual negotiation. If unresolved, disputes will be referred to arbitration or legal proceedings as specified in the contract.

6. Amendments and Updates:

Any amendments to this policy must be agreed upon in writing by both parties. We reserve the right to update this policy as necessary and will communicate any changes to all relevant parties.