we are looking for our customer in west Africa ,basmati parboiled rice 100 % sortexed, with 5 %broken
our quantity is 10.000 ton in 50 kg/bags which will revolving ,
port destination is port Cotonou Benin
payment term is DAP 100 %,
target price 410 usd/ton cif pot Cotonou
what does mean DAP 100 %,after loading the seller the commodity on vessel board,the seller bank send copy of BILL of LADING to buyer bank ,seller receive and confirm the whole dc was sent as sgs+original certificate +copy b/l+copy invoice ,after seller checking whole copy dcs,with his bank,them,buyer bank release the some of invoice to seller bank ,
before 72 h finished ,the seller got the Transfer of 100 %,,after checking,in that time gives the original dc to his bank to confirm that the vessel leaves the port of loading ..
the contract is repetitive