United Golden Company

Saudi Bitumen 60/70

We have bitumen 6070 from saudi arabia. quantity: one (1m) million tons per month contract period: twelve (12) months price: gross price us $600 mt financial security: bank guarantee (bg) via swift mt-760 covering the value equivalent to one and half (1.5) months shipments value with a maturity of 1 year 45 days shipment payment: mt-103 tt equivalent to the volume of the commodity shipped. performance bond: value at 2% of bank guarantee (bg) amount. shipping: within sixty (60) working days after the verification, clearance & acceptance of the bg & aval and as per the agreed on delivery schedule procedures: 1. end-buyer sends loi to end seller via: united golden company for international trade ltd 2. seller sends fco and specifications. 3. end-buyer confirms the price and specifications and issue pof. 4. seller issues a draft contract and sends to end-buyer. 5. end-buyer makes his amendments signs and sends back to seller. 6. if seller agrees with the amendments of the end-buyer, seller makes hard copies of the contract. 7. seller and end-buyer lodge the contract to their respective banks and open lc. Shipment commences as per contract agreements between buyer & seller.

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