Raza & Co

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Phone
92-42-500...
Country
PakistanPakistan
Address
h#5 Imran St # 8
Chohan Road Islampura
Lahore (Zip/Postal:)

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Company Description

Introduction



We would like to introduce our Company to you as Raza & Co.We provide Indenting services in Pakistan.We deal in wood pulp, metal scrap,used rail and most used items. Raza & Co. has a very large number of major Consumers and Importers as Clients.

We are moving a substantial volume of different goods to fulfill the growing demands of Pakistan Market.

We are looking for new competitive products on a very regular terms. With mutual understanding we can work to move your quantities into Pakistan Market.

Our Terms & Conditions

Basic Terms

1 Prices are in USD (UNITED STATES DOLLARS) and CIF

2 PAYMENT TERMS : Non Transferable, Revolving Documentary Letter of Credit payable 100% upon presentation of the shipping documents to the counter of the sellerâ??s bank, shipment by shipment.

3 Supplierâ??s Origin : USA Europe/ Asia.

4 For Used Rails, the length is from 1.5 m IPECO 2000 standard.

5 Buyer must accept Sellers contract and terms

6 Seller shall issue 2%PBG in advance and the buyer shall deposit 3% of value into an Escrow Account. If buyer does not issue LC in scheduled time as agreed by both parties [ not more than 7 working days, after Seller issues 2%PBG, then the 3% can be forfeit to the seller.

Procedure

1. Buyer issues Letter Of Intent (LOI or ICPO with permission for soft probe) or together with BCL.

2. Seller issues Full Corporate Offer (FCO) and/or Draft Contract in name of the Buyer and the Buyer returns sealed and signed the said FCO/draft contract to the Seller after all the all the amendments are agreed and resolved.

3. After buyer signs, seals and returns, Buyer's bank must confirm availability of the Financial Instruments (BCL) to the Seller's bank and their readiness to issue the LC. The format/ text (verbiage) of such Financial Instrument to be supplied by the Buyer's bank and approved by the Seller's bank five (5) days after complete execution of the final contract by both seller and buyer.

4. Seller forwards six (6) hard copies of original final contract signed and stamped to Buyer by DHL or similar courier.

5. The buyer signs and returns three (3) hard copies of original final contract signed and stamped to seller by DHL or similar courier.

6. Buyer opens the Financial Instruments (DLC), Non - Operative and pending the receipt of the Performance Bond (PB). Seller's bank confirms Proof of Product (POP) to Buyer's bank.

7. Seller can also issue the 2% PB up front but buyer needs to put 3% in the Escrow Account. If buyer do not issue the LC with in 5 working days, after seller issue the 2% PBG, the buyerâ??s 3% money in the escrow account will be forfeited by the seller.

8. Port inspection: Seller sends invitation to buyer for port inspection. SGS, B/L all certificate or document will issue at the loading port and at the port of discharge.

9. The First shipment will commence no later than 45 days from date issued of the operative Letter of Credit. The remaining consignments will be shipped in each 30 day periods.

10. Effect of payment for each consignment shall be effected within 3 (Three) banking days after receipt by the Seller's Advising Bank of all documents required for payment.

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