AGRIC COMMODITY HARVEST SEASON

LOW GRADE ZINC ORE (20% MIN.) URGENTLY NEEDED

We are urgently in need of VERY LOW GRADE ZINC ORE from suppliers all over Nigeria. Our specifications, payment terms, pricing and other terms and conditions are as follows: 

Specifications:

a. Lead Ore: 20% Minimum if the purity is below 20%, it will be rejected

b. Moisture: 0.5-1.5% Max

c. Size: Crushed to power/sand

 

 Price: Purity of 20% is N12,000.00/MT flat. (NO additional payment for any increase from 20%)

Minimum Quantity: 500MT (+/-10%) per month

Inspection Agent: Eyeview Inspection Limited  

Payment Method: Cash On Delivery. 

Payment Terms: Payment to be made within 2 working days after the release of Inspection Report.

Delivery Destination: Lagos Port or Warehouse 

Contact Details: Interested buyers should contact us via info@3timpex.com and +234 803 6522 946

3T EXPORT LOGISTICS SERVICE

3T EXPORT TRAINING- JULY 2012

LOW GRADE LEAD ORE (10-15%) URGENTLY NEEDED

We are urgently in need of VERY LOW GRADE LEAD ORE from suppliers all over Nigeria. Our specifications, payment terms, pricing and other terms and conditions are as follows: 

Specifications:

a. Lead Ore: 10-15% if the purity is below 10%, it will be rejected

b. Moisture: 0.5-1.5% Max

c. Size: Crushed to power/sand (as shown in the picture above)

Price: Purity of 10-15% is N13,500.00/MT flat. (NO additional payment for any increase from 15%)

Minimum Quantity: 500MT (+/-10%) per month

Inspection Agent: Eyeview Inspection Limited  

Payment Method: Cash On Delivery. 

Payment Terms: Payment to be made within 2 working days after the release of Inspection Report.

Delivery Destination: Lagos Port or Warehouse 

Contact Details: Interested buyers should contact us via info@3timpex.com and +234 803 6522 946.

PAYMENT METHODS: CASH IN ADVANCE

Cash-in-Advance: With cash-in-advance (Advance Payment) payment terms, the exporter can avoid credit risk because payment is received before the ownership of the goods is transferred. Wire transfers and credit cards are the most commonly used cash-in-advance options available to exporters.

1. Exporter and Importer sign the purchase contract
2. Importer transfers funds to pay Exporter
3. Exporter ships the goods to the Importer
4. Exporter forwards shipping documents to the Importer
5. Importer then clears his goods from the port

PAYMENT METHODS: LETTER OF CREDIT

Letters of Credit: Letters of credit (LCs) are one of the most secure instruments available to international traders. An LC is a commitment by a bank on behalf of the buyer that payment will be made to the exporter, provided that the terms and conditions stated in the LC have been met, as verified through the presentation of all required documents. LC can be of different types depending on the basis for categorization. However, there are basically two broad classification of LC and these include: Unconfirmed LC and Confirmed LC. Unconfirmed LC involves only one bank giving undertaking to pay under certain documentary terms and conditions while Confirmed LC involves an additional undertaking by a second Bank called the Confirming Bank. This is use to protect the seller against political and economic risk in the destination country.

1. Exporter and Importer sign the purchase contract
2. Importer requests for Letter of credit (LC) and release funds to its Bank
3. Importer’s Bank Issue LC and sends it to the Exporter’s Bank
4. Exporter’s Bank advises the LC the Exporter
5. Exporter ships the goods to the Importer
6. Exporter forwards shipping documents to its Bank
7. Exporter’s Bank forwards shipping documents to the Importer’s Bank
8. Importer’s Bank transfers the funds to the Exporter’s Bank
9. Exporter’s Bank pays the Exporter
10. Importer’s Bank release the shipping documents to the Importer
11. Importer clears its goods using the shipping documents

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1. Exporter and Importer sign the purchase contract
2. Importer requests for Letter of credit (LC) and release funds to its Bank
3. Importer’s Bank Issue LC and sends it to the Confirming Bank
4. Confirming Bank adds its confirmation to the LC and forwards it to the Exporter’s Bank
5. Exporter’s Bank advises the LC the Exporter
6. Exporter ships the goods to the Importer
7. Exporter forwards shipping documents to its Bank
8. Exporter’s Bank forwards shipping documents to the Confirming Bank
9. Confirming Bank transfers the funds to the Exporter’s Bank
10. Exporter’s Bank pays the Exporter
11. Confirming Bank forwards shipping documents to the Importer’s Bank
12. Importer’s Bank release the shipping documents to the Importer
13. Importer clears its goods using the shipping document

PAYMENT METHOD: BILL FOR COLLECTION

Documentary Collections : A documentary collection (D/C) is a transaction whereby the exporter entrusts the collection of a payment to the remitting bank (exporter’s bank), which sends documents to a collecting bank (importer’s bank), along with instructions for payment. Funds are received from the importer and remitted to the exporter through the banks involved in the collection in exchange for those documents. Document can either be delivered to the importer against payment at the sight (D/P) or against the acceptance of a Bill of Exchange (D/A) tenured for 30 to 180days or more.

1. Exporter and Importer sign the purchase contract
2. Exporter ships the goods to the Importer
3. Exporter forwards shipping documents to its Bank
4. Exporter’s Bank forwards shipping documents to the Importer’s Bank
5. Importer’s Bank release the shipping documents to the Importer
6. Importer pays its Bank for the goods in exchange for documents received
7. Importer’s Bank transfers the funds to the Exporter’s Bank
8. Exporter’s Bank pays the Exporter
9. Importer clears its goods using the shipping documents

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1. Exporter and Importer sign the purchase contract
2. Exporter ships the goods to the Importer
3. Exporter forwards shipping documents to its Bank
4. Exporter’s Bank forwards shipping documents to the Importer’s Bank
5. Importer’s Bank release the shipping documents to the Importer
6. Importer clears its goods using the shipping documents
7. Importer pay its Bank for the goods already cleared
8. Importer’s Bank transfers the funds to the Exporter’s Bank
9. Exporter’s Bank pays the Exporter

PAYMENT METHOD:OPEN ACCOUNT (CASH AGAINST DOCUMENTS)

Open Account: An open account transaction is a sale where the goods are shipped and delivered before payment is due, which is usually in 10 to 90 days. Obviously, this option is the most advantageous option to the importer in terms of cash flow and cost, but it is consequently the highest risk option for an exporter. Because of intense competition in export markets, foreign buyers often press exporters for open account terms since the extension of credit by the seller to the buyer is more common abroad.

1. Exporter and Importer sign the purchase contract
2. Exporter ships the goods to the Importer
3. Exporter forwards shipping documents to the Importer
4. Importer transfers funds to pay Exporter