ICUMSA 45 CIF USA, LDP (Landed/Duty Paid) - Customs Cleared

Product Delivery Terms: Our Supplier's product delivery is based on CIF, LDP/US (Landed Duty Paid) customs cleared, nationalized, and unloaded at any safe port of entry in the United States designated by the buyer. The price includes vessel unloading fees but excludes onshore or inland movement, handling, or storage fees after arrival at the designated port, which are the buyer’s responsibility.

Buyer Responsibilities:

• The buyer must provide suitable facilities for receiving, handling, and storing the product at the designated port.
• The buyer assumes all risks and costs, including port fees, demurrage, storage, and inland transportation, from the moment the product is tendered at the designated port.
• Any delays or additional costs due to failure to promptly receive the product at the designated port will be the buyer's responsibility.

Quantity and Packaging:

• Quantity: 1,200,000 MT per year (100,000 MT per month over 12 months).
• Packaging: All products are palletized and packed in 50 KG woven bags. Additional quantities, custom packing, and extensions are available after three months of consistent performance.
• Price: Request for Quote

Delivery Terms:

• Products are delivered to the buyer or their designated receiver at the U.S. port specified by the buyer.
• The product ownership transfers upon the seller receiving cleared funds for the agreed purchase price per shipment via the escrow process.
• The product is considered delivered and accepted when it reaches the designated port and the required documentation is submitted to the buyer.

Payment Terms:

• Payments are made via wire transfer or ACH from a U.S. bank to the seller’s designated escrow agent.
• The buyer issues an MT799 to the escrow agent’s bank within 10 banking days of receiving the commercial invoice.
• Full payment of the invoice must be made into escrow within 48 hours of receipt of product documentation.

Payment Security:

• The buyer must issue a Standby Letter of Credit (SBLC) valid for 12 months after the first shipping date, intended to secure the seller’s interest in the event of buyer default.
• If an uncured default occurs, the seller reserves the right to monetize the SBLC to ensure payment, with no obligation to transfer product title to the buyer.

For further details or to discuss terms, please contact us directly.