Offers v Bids Commodities
SCO, Red Millet, UA
Seller is ready to offer (SCO) and looking for RWA Buyer is ready to buy (LOI) commodity using GAFTA contract. 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: Red Millet
Moisture – max.12%
Purity – min. 98%
Sound, loyal and merchantable, free from alive weevils, foreign smell, with natural color and smell.
Date of delivery corresponds to date of B/Ls.
SHIPMENT WITHIN 15-20DAYS FROM ORDER CONFIRMATION
Carriage: Shipments in 20 feet containers. 14 free days for detention and demurage (merged) at discharge port as per shipping line rule.
Terms of payment negotiable: Terms of payment : CAD / DP / TT
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 contract 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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