Feed grains buying terms and condition for Iranian customers
One of the biggest market for Russian and Kazakhstan feed grains like feed barley and feed corn is Iran; mostly of these feed grains are exported from Caspian Sea to Iranian North ports, like Amir Abad and Anzali ports.
Here we are explaining terms of payment, conditions and some risks of working with Russia and CIS countries.
Feed grains buying terms of payment
Sailing of the vessel from Russian loading port to discharge port in North ports of Iran takes about 5days, which this duration of time for L/C at sight CIF/CFR basis is a trouble because it takes more days than this for exchanging documents between banks and for this reason the vessel will be under risk of demurrage about detention; therefor, the buyers should aware to consider ability of suppliers to prevent of such kind of problems before going further in a transaction. We are proud to inform to our Iranian grain customers that we can offer with terms of L/C without any problem.
Our terms of payment:
20% T/T in advance and 80% due upon shipment documents through Iranian authorized exchanged bank offices both in Rial and US Dollar currencies.
100% Letter of Credit (L/C) at sight to “Mir Business Bank” or Our European banks in Belgium.
- Is there any bond against this 20% advance payment for Russian grains? You will receive guarantee through our shipping company in Iran about this per-payment if you want to pay prepayment in Rial currency as a guarantee that your bank pay 100% of value of grain order when the bank received copy of shipping and related documents.
- Which terms of payment is suitable to Iranian customers? Actually, choosing a terms of payment is depends on companies financial strategies and we cannot give our opinion in this matter but what obvious is that terms of payment has effects on price due to margin costs and also time of delivery that should pay attention on first stage of negotiation.
Attention: about 80% of Russian companies who claim can export grains are not qualified or are fraudulent.
For more information call to our sales specialist (English, German, Azeri, Persian languages): +49 1520 170 6517