World Wide Affordable Projects

PROCEDURES SPECIFICATION AND PRICING

COMMODITY: ORDINARY GREY PORTLAND

CEMENT FOR CONSTRUCTION GRADE 42.5

ACCORDING TO BRITISH STANDARDS

(12/1996) OR AMERICAN STANDARDS (ASTM

C-150)

ORIGIN : AS EUROPA /OR AMERICA AND/OR

AUSTRALIA.

INCOTERMS :                2000 will be applied.
DESTINATION :             CIF – ASWP.
GUARANTEE :               2 % Performance Bond From the Seller’s.
DOCUMENTS :               Usual export documents.
PRICE CIF ASWP:          FOR ANY PORT

PROCEDURES SPECIFICATION PRICING

Buyer issues an ICPO + SOFT PROBE OR BANK RWA, to Seller’s MANDATE

1) BUYER ISSUE ICPO (IRREVOCABLE CORPORATE PURCHASE ORDER) WITH BANKING COORDINATES, QUANTITY,
QUALITY, DESTINATION PORT, PACKING AND NCNDA/ IMFPA
2) THE SELLER ISSUES DRAFT CONTRACT IN FAVOUR OF THE BUYER. THE BUYER AND THE SELLER, AMEND THE
DOCUMENT, IF NECESSARY, AGREE, SIGN AND SEAL ELECTRONICALLY THE DRAFT ISSUED WITHIN GIVEN TIME
FRAME.
3) THE SELLER WILL ISSUE THE FINAL SALE AND PURCHASE CONTRACT. AFTER MUTUAL CONTRACTUAL
AGREEMENT, THE SELLER ISSUES FOUR (02) SIGNED AND SEALED NOTARIZED HARD COPIES OF THE FORMAL
CONTRACT TO THE BUYER VIA EXPRESS COURIER. THE BUYER WILL BE REQUIRED TO SIGN AND SEAL ON EACH
PAGE OF THE FORMAL CONTRACT AND RETURN WITHIN (3) DAYS AFTER RECEIVING IT, TWO (2) COPIES VIA
EXPRESS MAIL TO STATED ADRRESS.BUYER AND SELLER LODGE A COPY OF THE CONTRACT WITH THEIR RESPECTIVE
BANKS AND KEEP A COPY FOR BUYER’S AND SELLER’SREFERENCES. THE ELECTRONICALLY EXCHANGED

DOCUMENTS ARE LEGALLY BINDING UNTIL HARD COPIES ARRIVE BY EXPRESS COURIER

4) WITHIN 4 (FOUR) BANKING DAYS OF RECEIPT OF THE OPERATIVE FINANCIAL BANKING INSTRUMENTS,

THE SELLER WILL PROVIDE THE PROOF OF PRODUCT, AND RELATED CERTIFICATION WITH A 2% PERFORMANCE

BOND TO THE BUYER’S BANK.

5) DELIVERIES ARE SCHEDULED TO START WITHIN 45 DAYS AFTER FULL ACTIVATION OF THE FINANCIAL

INSTRUMENT. ANY UNAUTHORIZED CHANGES, ANY DUPLICATIONS, ALTERATIONS OR INVALID SIGNATURES USED

ON DOCUMENTS SUBMITTED BY EITHER THE BUYER OR THE SELLER, WILL INSTANTLY DEEM THE DOCUMENT

“NULL EN VOID”,

CONCURRENTLY THE SELLER….. IS ENTITLED TO REPORT AND BLACKLIST BROKERS AND/OR BUYERS INVOLVED

FROM THE CEMENT INDUSTRY.IN EXTREME CASES, LEGAL ACTION WILL BE TAKEN AGAINST ANY ACCUSED

PARTIES.

GOST CERTIFICATE (RUSSIA) ADD $20, 00 PER MT

SABS CERTIFICATE (SOUTH AFRICA) ADD $7,00 PER MT

THESE PROCEDURES ARE NOT NEGOTIABLE

PACKING:

FIFTY (50) KG. BAGS; 1,5 OR 2MT SLING BAGS FOR BULK ;– AT BUYER’S CHOICE.

SHIPMENTS :
0,000,000.00=MT +/- 5% PER MONTH, WITH SHIPMENTS OF 12,500MT or ;25,000 MT or 50,000MT
OR 100,000MT AS PER BUYER REQUEST.

DELIVERY SCHEDULE:
INITIAL SHIPMENT WITHIN 30-45 DAYS AFTER THAT THE BANK LETTER OF THE
“LC”AVAILABILITY FOR PAYMENT,ISSUED FROM BUYER’S BANK IS ARRIVED INTO SELLER’S
BANK.

PERFORMANCE BOND

( NOT NEGOTIABLE),SUBJECT AT WRITTEN REQUEST AND ACCEPTANCE BY BOTH PARTY::
TWO (2%) PERCENT BOND FROM SELLER’S BANK TO BUYER’S BANK TO GUARANTEE THE
AVAILABILITY PRODUCT.- THE 2% IS REFERRED AT SHIP-MONTHLY OF THE QUANTITY .

INSPECTION:
SELLER WILL PROVIDED BY “SGS” OR OTHER COMPATIBLE WORLD CLASS ORGANIZATION AT
THE PORT OF DESTINATION AT SELLER’S COST.-

PAYMENT TERM FOR EYARLY CONTRACT:

1. . BUYER’S BANORK PAYMENT INSTRUMENT WILL BE AN IRREVOCABLE ASSIGNABLE, UNENCUMBERED, DIVISIBLE, OPERATIVE AND TRANSFERABLE STAND BY LETTER OF CREDIT FOR THE SUM OF USD $000,000.00 (UNITED STATES DOLLARS) COVERING THE LAST MONTH SHIPMENT QUANTITY AND VALUE THAT WILL ACT AS A COLLATERAL SECURITY GUARANTEE TOWARDS SUCCESSFUL COMPLETION AND LIFTING OF THE CONTRACTED QUANTITY, AND WITH A MATURITY DATE OF 14 MONTHS. PAYMENT OF EACH SHIPMENT WILL BE MADE BY EITHER A SWIFT MT 103/23, AN MT 700, OR BY A DOCUMENTARY LETTER OF CREDIT FOR THE VALUE OF $000,000.00 (UNITED STATES DOLLARS) PAYABLE AT SIGHT INTO THE SELLER’S BANK WITHIN FIVE (5) BANKING DAYS FROM THE DATE OF PRESENTATION OF SHIPPING DOCUMENTS AS THE SELLER WILL POST THE OPERATIVE PERFORMANCE BOND 2 % AND PROOF OF PRODUCT (POP) IN FAVOR OF THE BUYER WICH WILL ACTIVATE THE NON-OPERATIVE FINANCIAL INSTRUMENT (BG/SBCL)

IF THE FINANCIAL INSTRUMENT ISSUED BY THE BUYER TO THE SELLER IS NOT ACCEPTABLE TO THE SELLER AND THE SELLER’S BANK, THE SELLER’S AND BUYER’S BANK MUST DISCUSS AND ATTEMPT TO RESOLVE AMICABLY ANY EVENTUAL MINOR DISCREPANCIES.

Bank contact is only permitted between the Buyer’s Bank and our Bank. Direct contact with
our bank by the Buyer will be considered as contract breach, liable to pay an indemnity
of 2 % over the non delivered goods.

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