1) Standard payment scheme acceptable to SINOCEM:
An irrevocable Letter of Credit opened or confirmed by a credible international bank.
2) L/C acceptable in deferred payment:
We offer 30, 60 and 90 days deferred payment in L/C. Interest to be paid by Buyer.
3) Confirmed L/C:
We accept unconfirmed L/C direclty issued from Africa starting from the 2nd
shipment subject to existance of a creditline between the opening bank and our
bank (Beneficiary Bank).
4) Telegraph transfer (T/T):
We accept T/T as an optional payment scheme for a new client’s first shipment.
* 20% deposit in advance payment to allow start of cargo preparation.
* 70% paid after Bureau Veritas or SGS inspection at the loading port.
* Full payment after completion of loading with Bs/L, BV or SGS certificates and
other documents directly handed over to Buyer before departure of the vessel.
5) Documents against Payment (D/P):
With D/P, Buyer does not need to issue a letter of credit. Buyer only has to pay
within an agreed number of days after the bill of lading date when the full set of
documents are submitted to Buyer’s bank. Buyer is entitled to applying for:
* D/P at sight after conclusion of 3 shipments in L/C totalling 60.000mt.
* D/P 30 days after conclusion of 2 shipments in D/P at sight totalling 40.000mt.
6) Conditions for Buyer enjoy D/A or O/A payment terms with SINOCEM：
Old clients having concluded shipments of min. 150.000mt can enjoy D/A or O/A
subject to good credit stance. |
