COAL TRADE

worldwide coal products export

     OPERATING CONDITIONS

       

 

 

 

   Procedures to Buy

1. Buyer issues LOI with full banking Details stating requirement for delivery.

 

 

                                   2. Seller issues FCO and draft Contract

3. Buyer and Seller sign Contract

4. Buyer issues a letter of credit to Sellers Bank for the shipment or

shipments to the value of one month’s supply. We accept letters of

credit from world prime banks only. Orders under 1000mt TT only.

5. Seller issues 2% PB if payment by confirmed LC from world prime

bank and on contract (not for spot orders)

6. Delivery and or shipment starts

                                        7. Completion of Contract

 

 

We invite all buyers to the port of loading in Ukraine. You can look at coal, to meet with us and sign the contract directly in our office. You may also be present during loading.

Payment

 

Due to our tight profit margins and nature of our business, we ask for the following type of payment:

Irrevocable, divisible, transferable letter of credit in favour for the credit of the seller, the beneficiary, 100% payable at sight at the port of loading.

 

WE ACCEPT LC ONLY FROM TOP 50 BANK

 

 

Shipping FOB, CIF

  The exact price of shipping is yet to be confirmed, this can only                        be fully done on the booking of the vessel.

We offer to ship from Berdyansk port in the Sea of Azov, Ukraine.

               This port accommodates a load of up to 25,000 mt.