Ref: Max – FHD

To: Buyer

Dear Sir, Madam,

We, Maxwell CTSE, on behalf of the supplier, a company incorporated in the Netherlands, confirm that we are ready, willing and able to supply the following commodities in terms and conditions below:

Commodity:

CIF Transaction Procedure & Terms:

CIF Transaction Procedure & Terms:

1. Buyer issues Irrevocable Corporate Purchase Order (ICPO) with this offer terms and procedure ( As per provided draft ), along with buyer’s company registration, signatory’s passport copy, and CIS. 
2. Seller issues Sales and Purchase Agreement (SPA). Buyer reviews, amends (if necessary), signs and returns the (Draft Contract) SPA in PDF format to Seller within Three (3) banking days for final endorsement. Then Seller counter signs the SPA. Seller signs NCNDA/IMFPA between all intermediaries involved. 
3. Within 5 Working Days of signing the SPA, in accordance of the Seller’s acceptable verbiage, Buyer’s Bank issues a Non-Operative, Irrevocable, Non-Transferable, Revolving, and Confirmed DLC with the first month shipments’ value, with full bank responsibility via swift MT700 to seller’s bank to be automatically operative by Seller’s 2% performance Bond, and provides Seller with swift copy.
4. Within 5 Banking Days of accepting the DLC, Seller’s Bank issues the 2% Performance Bond and the DLC will be operative.
5. Within 5-15 working days on confirmation and acceptance of the Buyer’s DLC, seller commence loading of the product and issues full POP/ Shipping documents as listed below, with legalized SPA to buyer’s company via bank to bank and copies via email; buyer shall notify the seller by official written notice of his bank receiving seller’s full POP/Shipping documents:
   a. Copy of approval to export, issued by the ministry of justice.
   b. Copy of Transient contract to transport the Product to the Port.
   c. Copy of the Port Storage agreement/ Insurance.
   d. Certificate of origin.
   e. Product Passport,
   f. Statement of availability of product.
   g. Commercial Invoice.
   h. Copy of charter party agreement.
   i. Copy of Fresh SGS Report or Equivalent at Loading Port.
   j. Copy of Vessel Q88
   k. Copy of Bill of Lading
   l. Copy of Cargo Manifest
   m. NOR/ETD.
6. Shipment commences as scheduled in the contract and upon receipt of FULL POP Buyer provides Seller with logistic (TSR or vessel Q88) facility coordinates and necessary requirements to enable Buyer’s SGS/CIQ conduct Dip Test upon vessel arrival at discharge port.
7. Seller provides Buyer with the DTA for immediate proceeding of inspection by Buyer SGS/ CIQ Agent, and within 2 working days of vessel’s arrival at discharge port, buyer’s inspection team carry out SGS/CIQ or Equivalent Inspection to ascertain quality and quantity of the product.
8. Upon successful SGS/CIQ Inspection by the buyer, Buyer’s Bank release payment for the total shipment value via swift fund transfer MT103/TT within 2 banking days of issuing the SGS report at discharge port based on the issued CI and SGS report at discharge port, then Product is injected and discharged to buyer’s destination storage facility and title of product ownership transferred to buyer.
9. The seller pays all intermediaries involved in all the transactions as per signed NCNDA/IMFPA within 72 hours.
10. Subsequently monthly shipment continues as per signed SPA and product payment will be made against successful SGS/CIQ or equivalent inspection via TT/MT103.