8.quantity / quality determination
b/ls quantity to be as ascertained by draft survey by alex stewart international corporation bv,rotterdam,sgs or ccic inspection agency nominated by buyer.draft survey fee at loadport to be paid by seller
final at loadport by alex stewart international corporation bv,roterdam,sgs or ccic inspection agency nominated by buyer,inspection charges for seller’s account.
should the buyer’s payment (t/t) not be issued within 7 banking days from the date of the receipt of the seller’s merchandise after satisfactory inspection of product at loading port / storage yard,the seller is entitled to claim non-performance costs of 2% of contract value after fifteen days for first shipping.
any impurities up to 0.1% are free.material with impurities over 0.1% up to 0.2% will be deducted from invoice on c.i.f basis term.over 0.20% can cause rejection during loading by the surveyors.buyer has the right to send his or her own represntat1ve for loading and buyers representative can present his opining to the independent surveyor with the independent surveyor making the final decision regarding the quality of cargo.quality inspection fee (the surveyor bought by the buyer) has to be paid by the buyer.
quantity special note:
draft survey may be done by loadport surveyors counterparts or their representatives at discharge port,cost of which to buyers account.in case the shortage established at the discharge port by surveyors is more than 1.0% of the b/l quantity,sellers agree to compensate buyers for the portion of quantity above 1.0% will be reimbursed with in 10 working days on receipt of the relevant survey reports and documents.
payment will be made to first petroleum limited by telegraphic transfer bank-bank (t/t) fourteen days (14) after arrival of goods at buyer’s destination port of discharge payable at covering full value of contractual quantity 30,000 mt
seller’s representative shall extend full cooperation to the buyers representative during his stay at load port.all the expenses of the buyers representative are to the buyers account.
the latest date of first shipment shall be no more than 35 days from the date when the seller’ s bank receives the final text of the payment by telegraphic transfer (t/t)
“date of dispatch of the vessel” shall be the date on the bill of lading.
loading place / port:loading apapa port fob
discharge place / port:1sp ww
combined shipment:not permitted.seller not to load other customer’s cargo on vessel fixed for buyers under this contract.