OK HERE IS MY BOMBSHELL TO SHUT THIS SCAM UP INDEFINATELY:
Here are the terms from India Potash Limited for dealing with them on buying UREA:
Shipment Terms : As per Annexure III.
9) Payment:
a) Without prejudice to Buyer's right to recover the damages under terms of the Contract, payment less agency commission, if any, shall be made through an irrevocable, non transfer¬able divisible commercial letter of credit. The letter of credit shall be established for the full value of the shipment in favour of the Sellers on nomination and acceptance of vessel on receipt of P.G. Bond and shall be payable for 100% of the invoice value against presentation of the following documents:
1) Two of the three original negotiable copies of the clean ‘Bill of Lading’ in long form and three non-negotiable copies thereof showing “ TO ORDER/ MINISTRY OF CHEMICALS & FERTILIZERS” as consignee. Charter party Bills of Lading acceptable provided it bears an endorsement that all the terms and conditions of the relevant Charter Party are deemed to have been incorporated therein.
2) Three original and three copies of beneficiary's signed ‘COMMERCIAL INVOICE’ for 100% Shipment Value. The Commercial Invoice must also specify Contract No. & date, Origin of goods, Port of Loading, Bill of Lading No(s), Date of Sailing of Vessel.
3) One original and two copies of ‘Certificate of Origin’ duly issued either by the Local Chamber of Commerce or by Ministry of Trade/Industry/Commerce of the country of Origin of goods. Certificate of Origin issued by Manufacturer/ Supplier/Shipper/ Inspection Agency /Chamber of Commerce of third Country or any one else are not acceptable.
4) One Original + Two copies of ‘Certificate of Inspection’ issued by the Buyer’s inspecting
agency showing results of analysis, method of analysis adopted and weight of the cargo
shipped. The Certificate must certify that the goods conform to the contractual quality
specifications.
5) One Original + Two copies of ‘Certificate of Quality’ issued by the Buyer’s inspecting
agency showing results of analysis and method of analysis adopted. The Certificate must
certify that the goods conform to the contractual quality specifications.
6) One Original + Two copies of ‘Certificate of Weight’ issued by the Buyer’s inspecting
agency showing weight of the cargo shipped.
7) One Original + Two copies of Certificate from the seller, showing results of analysis, method
of analysis, weight of the cargo shipped and certifying that the cargo conforms to the
contractual quality specifications. This certificate should be countersigned by the Buyer’s
inspecting agency.
One Original + Two copies of Certificate from the seller confirming that the material
supplied are correct as to quantity, rate, total value and the payment is due in accordance
with the terms of the contract at the time of presentation.
9) Copy of the ‘Shipping Advice’ sent by the Sellers to Buyers, through Fax / E-mail within 48
hours of the sailing of the vessel giving details of shipment. the name of vessel, Bill of
Lading No’s & date, Date of sailing, quantity shipped, Contract No & date, L/c No & date.
10)Certificate from the seller to the effect that the following documents have been dispatched
by the seller to the buyer through an reputed courier or registered airmail within seven days
of sailing of the vessel, along with Original Postal/Courier Receipt of such dispatch :
- Two of the three original negotiable copies of the clean ‘Bill of Lading (s)’ in long form for full shipment quantity.
- Two copies of beneficiary's signed ‘COMMERCIAL INVOICE’ for 100% Shipment Value.
- Two copies of Certificate of Origin.
11) One Original + Two copies of ‘Stowage Plan’. Stowage Plan must be signed in ink by the
Master of the vessel and must bear his seal. In case Stowage Plan is issued by Vessels
Load Port Agents, original Letter of Authority issued by the Master of the vessel authorizing
the issuance/signing of Stowage Plan by the Vessels Load Port Agents must be attached
to such Stowage Plan.
12)One Original + two copies of Load Port ‘Draft Survey Report’, jointly signed by shippers agent, Vessel master/Agent and Buyer’s inspecting agency.
13) Original NOR (Notice of readiness) tendered at discharge port and received by IPL
or its nominated agency (applicable in case of CNF Contracts with non-traditional suppliers only).
The L/C shall be established only after receipt of PG Bond in the approved proforma, proof of stock, nomination and acceptance of vessel. The charges for establishing letter of credit and bank charges in the country of Buyers shall be to the Buyer's account. All bank charges in the sellers country shall be to the account of sellers. The letter of credit extension and amend¬ment charges will be to the account of the party responsible for occasioning the extension/amendment.
10. Proof of stock:
Non-traditional Suppliers will be required to submit proof of stock attested by the Chamber of Commerce or Prime bank of the Country concerned through State Bank of India, New Delhi alongwith PG Bond at prescribed rates.
PROVIDE THOSE DOCUMENTS AND I WILL SHUT UP
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