1. PRODUCT: Tungsten Bar(99.98% +/- 0.01%)
2. QUALITY: China Specification
3. ORIGIN: China
4. QUANTITY:
5. PRICE:/ Kilogram
6. PAYMENT: i) Within 5 Banking Day after signing the contract, the buyer
is to T/T 30% down payment of the contract amount to the seller as the guarantee.
ii) After the goods has been delivered and pass the SGS inspection at mutually agreed
storage in Hong Kong, the buyer shall T/T the remaining 70% of the contract amount to the designated bank
account of seller or issue a Cashier Check for the 70% of the contract amount in the name of the seller.
iii) As the remaining (70%) payment was made and seller shall consign the goods (or
warehouse receipt) to buyer.
.
8. INSPECTION: SGS or equivalent at seller cost at port of loading ( China) If SGS is to take place in Hong Kong is for buyer’s account
9. DELIVERY TERMS : FOB Hong Kong
10. SPECIFICATIONS: Per attached SGS report in Hong Kong
11. LAY TIME: Within 45 days after receiving 30% cash deposit
PROCEDURES:
1. Sales and Purchase Contract to be dully signed and sealed by both the seller and the buyer electronically.
2. Within 5 Banking Day after signing the contract, the buyer is to forward 30% down payment of the contract amount to the seller as the guarantee.
3. After seller has delivered the goods to the mutually agreed storage, buyer has the right to invite the SGS personnel at their own cost to perform the inspection and perform a random verification on the supervision of both parties.
4. Upon the buyer is satisfied with the SGS report, the buyer shall instruct his bank to make the payment for the 70% remaining contract amount to the appointed bank of the seller via Telegraphic Transfer or issue a Cashier Check in the name of the seller.
5. After confirming the payment had been received, seller shall consign the Tungsten Bars (or warehouse