Our containerized shipping process starts with submitting a Letter of Intent (LOI) and a Bank Comfort Letter (BCL). Upon approval, we provide a proforma invoice. Once the Letter of Credit (LC) is confirmed, we promptly initiate the shipment of your order. This streamlined approach ensures efficient and secure delivery of your salt products in containers, tailored to meet your business needs.
Buyer issues a LOI + BCL or Bank Endorsed ICPO and email it to the Seller.
Seller issues Proforma Invoice to the Buyer via email.
Buyer sign seal and return via email the Proforma Invoice to Seller.
Buyer sends via email Draft LC Verbiage to Seller for approval.
Buyer Bank sends a DLC to the Seller’s Bank
Shipment Starts
LOI must be not older than 3 work days, addressed to MKSalt (Marine Kingdom Shipping CO).
LOI must contain specs, target price, payment instruments.
LOI must contain shipment destination (destination must be non-embargo ports).
BCL must indicate an available value at buyer’s account as necessary to complete the required deal (For shipments quantity more than 12,500 MT upon CIF – CFR basis only.
Enquiries without LOI will not be formally responded too.
Buyer’s bank must be top 50 European or American, otherwise top 25 confirming bank will be provided.
SBLC pricing stands for the entire contract value.
FFDLC pricing stands for the entire contract value.
DLC pricing stands for monthly shipments value.
LC revolving per each shipment will not be acceptable.
Only transferable L/C will be acceptable. Non-transferable L/C are not negotiatable.
PB 2% will turn the L/C operative – never the other value/way.
