SCO, Red Millet, EC
SUBJECT OF THE SOFT CORPORATE OFFER (SCO). The SELLER undertakes to supply and transfer to the RWA BUYER, and the BUYER undertakes to accept the Goods and to pay it on the terms of the present SCO. Title of goods. Notwithstanding delivery of or the passing of risk in the goods to Buyers or any rule, regulation or provision to the contrary, title of goods shall not pass to the buyers until sellers have received payment of their invoice value in full in accordance with the terms of this SCO.
Quality in accordance the following specification of Red Millet in bulk (packing in 25/50 kg PP bags +10 usd)
Moisture – max. 14%.
Purity – min.98%.
Sound loyal merchandise, without foreign smells, mould, alive insects.
Date of delivery corresponds to date of B/Ls.
Carriage: Shipments in 20 feet containers. 14 free days for detention and demurrage (merged) at discharge port as per shipping line rule.
Terms of payment: Payment for goods to be made by the Buyer in US dollars by cash transfer CAFD (Cash Against FAX Documents) to the Seller’s account:
- 20% advance payment within 3 banking days against presentation to buyer following documents by fax or scanned original copy by e-mail:
a) Preliminary commercial invoice for the for 20% value of goods to be delivered;
- Balance payment within 3 banking days against presentation of original shipping documents by fax to Buyer:
a) Commercial Invoice;
b) Full set of 3/3 original;
c) Certificate of Origin;
d) Quality and Quantity certificate;
e) Fumigation Certificate;
f) Phytosanitary Certificate;
g) Packing List
Quantity and Quality of goods final at place of loading as per Certificate issued by GAFTA member inspection company at the Seller's account.
All other terms, conditions and rules, not in contradiction with the above contained in GAFTA 88 and GAFTA 125 of which the parties admit that they have knowledge and notice, apply to this transaction. The parties undertake not to reduce at execution of the Present SCO cooperation to observance only requirements containing by the Present SCO, to support business contacts and to take all necessary measures for maintenance of efficiency and development of commercial communications.
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