We need real seller who has past records to show us, who can
issue SCO on company letter head signed and sealed.
If any scam from the seller, we have the proof for buyer to
About steam coal:GAD 6300-6100,
can be 50000 to 200000mt per month but I doubt Indonesia has
such big money for 200000mt vessel. The unloading port can be
south and north of China, we won' t reveal the unloading port name
if we can't proof seller is real. For China, you know they want it CIF,
they don't believe Indonesia even will get goods ready if they send vessel.
Payment is always non-transferrable LC at sight 95% or 98% and 5%
or 2% after CIQ in China. Some buyer accepts 95%+5%. Performance
bond 2% non-operative is always issued by seller first, and buyer will
only issue non-transferrable operative LC upon receipt of
seller 2%PB and activate said PB automatically. Most of Chinese does
not believe seller is capable of issuing 2%PB after receipt of buyer LC.
One more thing, inspection at loading port is CCIC Indonesia and in
China is CIQ. Buyer did not accept SGS inspection. The penalty and
bonus will be based on NAR 5500, not GAD.
Commission never is only 1 dollar, this is nonsense. And real seller
won't care how much you get as long you can sell. Otherwise this
seller can't be trusted that he is willing to sell. Overprice is always
acceptable and seller can't say No or who do seller think he is only
considering himself and not Buyer?
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