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To be submitted on the supplier’s letter head
(You can change or delete the text matter mentioned in blue color)
Format FULL CORPORATE OFFER (FCO)
We, ___________________, with full legal and corporate responsibility, and
under penalty of perjury, with full knowledge of the act of fraud; and as
the Seller, are ready, willing and able to deliver the herein offered metal
under the following terms and conditions:
COMMODITY:
ORIGIN:
SPECIFICATIONS:
QUANTITY:
PRICE:
PAYMENT TERMS:
DELIVERY TERMS:
SHIPMENTS:
INSPECTION:
Procedures:
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Buyer submits LOI to seller with verifiable bank reference. LOI will not
be processed without bank data.
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After bank probe seller submits FCO to Buyer with product origin.
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Buyer returns FCO with comments and BCL. FCO will not be processed
without BCL.
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Seller submits Draft Contract to Buyer. All contracts are for one year,
with provision for review and extension, year by year.
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After agreement on Draft Contract, Seller submits Final Contract to
Buyer.
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After Final Contract is signed, POP issued via SWIFT against SWIFT POF.
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2% PB advised.
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Payment Terms:
a. Preferred:
- Irrevocable BG -Bank Guarantee paid at sight per contract shipping
schedule
- FF/ SBCL - Irrevocable Standby Letter of Credit (confirmed)
- FFDLC- Fully Funded Documentary Letter of Credit
b. Acceptable: Irrevocable, transferable, revolving documentary credit paid
at sight. There is a $7/MT surcharge for non-transferable credits.
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All contracts are between Buyer (with funds) and Seller (with goods).
Credits are advised only for benefit of Seller.
Seller’s signature & stamp
Buyer’s signature & stamp
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Seller (with goods).
Credits are advised only for benefit of Seller.
Seller’s signature & stamp
Buyer’s signature & stamp
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