COMMODITY : Grey Portland Cement OPC 42.5N QUANTITY : 4,200,000 Metric tons Monthly Requirement Annual Requirement Duration of Co...
COMMODITY : Grey Portland Cement OPC 42.5N
QUANTITY : 4,200,000 Metric tons
Monthly Requirement
Annual Requirement
Duration of Contract
: See attached schedule
: 4,200,000 Metric Tons
: 60 months contract
PAYMENT INSTRUMENT: By Stand-By Letter of Credit (SBLC) for total value of the first
month shipment and valid for the contract term and thereafter a revolving MT 103 or TIT every
month for the term of the contract against documents required by the bank. Instruments are
irrevocable and confirmed where applicable.
PACKAGING : 50 kg PP BAGS, with inner linings, per international
Standards, with our Company information
TARGET PRICE : CIF 68 US$
PORT OF DESTINATION: TEMA, GHANA
ORIGIN : Spain
DELIVERY TIME : 20 days or less after the financial instrument is opened
Expected start date of shipments January 2016, as per schedule
INSPECTION : By reputable independent surveyor (SGS or equivalent) to
be final at the port of loading
SPECIFICATION OF THE PRODUCT:
Grey Portland cement for construction grade 45.2 according to British
standards 8S12/96 or ASTM C-1S0.
CHEMICAL ANALYSIS FORMULA 42.S r Typlca1 Analysis
Si02 Silicon Dioxide 21%
AI20 Aluminum Oxide 5.30%
Fe203 Ferric Oxide 3.30%
CaO Calcium Oxide 65.60%
MgO Magnesium Oxide 1.10%
S03 Sulphur Trioxide 2.70%
LOI Loss Of Ignition 0.90%
C3A Tricalcium Aluminates 8.05%
C3S Tricalcium Silicate 60.00%
C2S Dicalcium Silicate 1S.00% C4AF
Tricalcium Alumino Ferric 9.76%
PHYSICAL AND MECHANICAL PROPERTY
Blain CM2/GR 3.2S0
AutoclaveExpansion 0.02
Initial Setting Time (VICA T) 105 Minutes
Final Setting Time (VICAT) 135 Minutes
Compressive Strength
03 days- 230 KG/CM2
07 days 30S KG/CM2
28 days 420 KG/CM
AutoclaveExpansion 0.02
DETAILED PAYMENT TERMS:
1. Buyer approves FCOor issues ICPO/LOI with full coordinates.
2. Seller issues the draft contract for review, mediation, signature, seal, date, and exchange bye-mail
first. Buyer's approved copy ofthe returned draft contract must be accompanied by a draft copy of
financial instrument that will be issued.
3. Seller and Buyer execute final contract: Seller sends final contract electronically in PDFformat. An
electronically executed final contract can stand. Contract is lodged with the buyer's and the seller's
respective banks.
4. Within seven (7) international banking days, the Buyer's bank will issue the non-operative payment
instrument acceptable to Seller for the first month shipment in favor of the Seller at Seller's bank.
5. Seller issues bank to bank, under full bank responsibility, proof of product (POP) and 2% performance
bond (PB) drawn on Sellers bank as guarantee of shipment; the issuance of the POP and PB shall
activate the financial instrument and make it fully operative.
6. Seller sends title to buyer within 24 hours of receiving and confirming the operative payment
instrument.
7. Shipment (s) start as per delivery schedule agreed in the contract.
8. The Seller guarantees on his account that each shipment will be provided with inspection of weight
and quantity and quality at the time of loading. Certificates shall be provided by SGSor similar
authority at the Seller's expense and shall be binding for both parties. Seller instructs such authority to
carry out the inspections under strict rules and in accordance with the specifications in the contract
and or the International Chamber of Commerce rules (Incoterms 2010 latest edition, with all
amendments).
9. Upon completion ofthe first shipment, payment with the agreed financial instrument as applicable will
be automatically extended for the second shipment and further to be extended until the contract is
completed totally for the quantity as specified in the contract.
10. Upon receipt of shipping documents for (each shipment) required for the payment, buyer's bank will
make the payment as required to seller's bank within the contract terms and conditions.
11. Seller provides 110% Insurance in favor ofthe buyer.
PRODUCT DOCUMENTATION PERLIFT:
A full set of the following documents will be issued for payment:
1. Three sets of three (3/3) of BILL OF LADING, "CLEAN ON BOARD" and marked "FREIGHT PREPAID"
(three [31originals + three [31copies).
2. Certificate of weight, quantity and quality issued by SGSor compatible authority.
3. Certificate of Origin, issued by the Chamber of Commerce of the country of origin.
4. All necessary certificates issued by SGSor other designated inspectors.
5. Inspection certificate for the vessel
6. Signed commercial invoice in name of buyer.
7. Packing list of shipment (+/-5%)
8. Freight forwarding agent certificate stating that original signed copies of certificates, of foreign and
phytosanitary have been included in shipment of goods.
9. Packing is showing gross/net weight and number of ocean bill of lading.
Beneficiary's certificate: confirming that copies of all shipping documents were sent to buyer's bank
and the hard copies have been sent by (DHL) or similar courier.
As per your request please refer to the Schedule bellow for Cement delivered to the port of Tema.
Monthl 100,000 MT
Month2 150,000 MT
Month3 200,000 MT
Month4 250,000 MT
Month5 300,000 MT
Month6 350,000 MT
Month7 400,000 MT
Month8 450,000 MT
Month9 500,000 MT
Month 10 500,000 MT
Month 11 500,000 MT
Month 12 500,000 MT
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