KC 500 nitrile gloves 1M X 12 Months allocation

  • KC 500 nitrile gloves 1M X 12 Months allocation

  • Mohanad Fathy 

    Member
    April 21, 2021 at 10:18 AM

    KC 500 nitrile gloves

    1M X 12 Months allocation

    1. Deal would be direct with the Chinese government, non transferable LC direct to supplier – SINOPHARM

    2. Price is 9.20 + commissions , I suggest we split 50/50 whatever is added. We can reduce comms if required to reach best price

    3. Chinese gov doesn’t pay comms, has to be IMFPA with the buyer

    4. Volumes you requested are all achievable, moq is 1m per month for 6 months but we can negotiate this if needed, price may change though

    5. LC must be for the value of min 2 deliveries eg 1m per month = 2 month LC or if ongoing one month of production

    6. SINOPHARM includes a 1% penalty payable to the buyer in case of non-performance

    To move forward. SOP is compressed as follows:

    A- LOI to SINOPHARM

    B- on boarding pack inc draft SPA, draft LC etc.

    C- signed spa and final LC sent bank to bank

    D- signed KC allocation letter on KC letterhead with lot #

    E-Production and deliveries commence

    *First delivery after 15-21 days after Activation of LC*

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