Documentation
Proforma Invoice    -  to facilitate remittance of funds
Purchase Order     -  to be issued by the Buyer
Tax Invoice           -   together with the delivery
Delivery Order       -  together with the delivery
Bill of Lading         -  after shipping of goods.                                

Payment 
30 % advance along with the Purchase order ( TT  )
70% against delivery at the Loading Port ( TT or L/C )

Notes for Letter of Credit

L/C shall be at sight, irrevocable and transferable to be opened upon confirmation.
Payable 100% at the counter of the seller’s bank in Singapore against documents immediately after inspection at the port of Loading.
L/C confirmation, amendment charges if any shall be borne by the buyer
Partial Negotiation of documents is acceptable.
TT reimbursement is allowed.
Third party documents, if any, shall be acceptable.
L/C shall not call for any draft issuance. Simple receipts shall be presented
L/C negotiation validity shall be 30 days from the B/L date.
Partial Shipment and transshipment are allowed

Duties and Taxes 
Customs/ Import Duty, VAT, Octroi and  other taxes at the port of discharge to the account of buyer 

Shipping

Buyers can arrange their own forwarders Incoterms 2000 applies.  
Port of Loading to be advised after confirmation  
Partial Shipment and transshipment are allowed.
Shipments in 20 foot containers
 
Inspection
SGS / Geochem / Equivalent Inspection Agencies can be arranged at Cost.
The goods inspected at the  loading port shall be final and binding on both parties.

Delivery 
FOB, CFR, CIF or As Agreed
Lead Time 30-45 days for after the receipt of final L/C  OR TT   

 
Delivery At the Port of Discharge

Terminal handling charges levied shall be borne by the  buyer at the discharge port. 
Any demurrage charges due to the delay in taking delivery /return to shipping company, by buyer. 
Buyer shall be responsible for container mis-handling, damage or pollution at the discharge port

Insurance

For CFR Sales, Freight Insurance shall be arranged by the buyer. 

Title and Risk  

Title to the Goods shall pass from the seller to the buyer upon receipt of payment  at the port of loading

The risk of loss or damage shall pass to the Buyer after the inspection in the Port of Loading.   

Delay in Delivery ( Force Majeure )

The seller not being liable for any delay in the  delivery of Goods due to any of the following circumstances, namely, acts of  God, force majeure, riots and civil commotions, strikes, lock-outs or other  causes or perils beyond the seller’s/ supplier’s control, then in any such case the seller/ supplier shall for the duration of any such circumstance aforesaid, be  relieved of his obligation to deliver any such Goods thereby affected.
Notwithstanding anything contained herein, the buyer shall not be entitled to  claim for any reimbursement including but not limited to loss of anticipated  profit for the value of any of the Goods not delivered.