payment Terms and Procedures


CREDIT AGREEMENT

Letter of Credit

• DLC, FFDLC, RDLC, URC522 D/P

• Applicable one-time Documentary Collection Fee (DCF) of 2% the LC value, or Client assumes all banking fees on both sides

• DCF is refunded upon the first clean and clear LC payment

• All credit transactions are paid upon presentation at sight

 

download LOI template

scrap metal draft contract

iron ore draft contract


FINANCE AGREEMENT

No LC necessary

• Qualify for a Finance Contract with your creditworthiness. Loan origination fee applies: Total volume of contract x Price per MT x 0.5%

• Must provide 3 current trade references for verification and Full banking disclosure to confirm financial capability

 

download LOI template

scrap metal draft contract

iron ore draft contract

 

Note

Clients can choose to make due through our disbursing attorney at Law Trust (ESCROW) Account - IOLTA account. The Law Firm registered as a Money Services Business (MSB) with the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN), and regulated under the Internal Revenue Service (IRS), compliance under the Bank Secrecy Act, the Federal Bureau of Investigation (FBI) and the Department of Homeland Security (DHS).