Total Quantity:1,200,000 Metric Tons (+/- 5%) for 1 year (12 months) with options to renew for additional four years.
Monthly Quantity:100,000 Metric Tons (+/- 5%)
Payment terms: Irrevocable, non transferable, revolving documentary letter of credit issued or confirmed by Bank of Europe 100 % payable at sight of standard documents.
LC Validity:12 + 1 months
Shipment period:100,000 Metric Tons per month to start
Contract Length:12 months
Packing:1.5 MT superbags or Bulk at buyers option.2 % spare bags supplied.
Inspection: SGS Report
Destination Port: CIF East Coast of North America
Performance Bond:2 % of the value of the single automatically revolving documentary letter of credit.