A/
MARKETING POLICY :
A STRICT ADHERENCE TO THE FOLLOWING PRINCIPLES IS MAINTAINED IN ORDER TO SECURE FAIR AND EQUITABLE TREATMENT TO ALL DEALERS IN SUDAN COTTON :-
1- ADOPTION OF TENDER SYSTEM AS MAIN METHOD OF SALE , BEING THE MOST FLEXIBLE AND FAIR SYSTEM .
2- COMPLETE RESTRICTION OF ALL FORMS OF PREFERENTIAL TREATMENT OR ANY OTHER TRANSACTION THAT MAY AFFECT THE PRINCIPLES OF EQUAL TREATMENT AND FAIR COMPETITIVENESS.
3- EFFICIENT AND TIMELY EXECUTION OF CONTRACTS AT THE BEST SATISFACTION OF BUYERS.
B/
METHOD OF PAYMENT :
EITHER :
1) BY SIGHT IRREVOCABLE CONFIRMED L/C TO BE OPENED WITH FIRST CLASS INTERNATIONAL BANK WITHIN 15 ( FIFTEEN DAYS FROM THE DATE OF CONFIRMATION OF BUSINESS ) .
OR :
2) BY SIGHT IRREVOCABLE L/C TO BE OPENED WITH FIRST CLASS INTERNATIONAL BANK AT TIME OF SHIPMENT OR ONE MONTH BEFORE THE CUT-OFF DATE STIPULATED IN THE RELATIVE TENDER AND/OR CONTRACT . IN THIS CASE THE BUYER HAS TO PAY A DEPOSIT OF 15 ( FIFTEEN ) US DOLLARS PER BALE WITHIN 10 DAYS FROM THE DATE OF CONFIRMATION OF SALE .
IN BOTH CASES THE L/C SHOULD BE PAYABLE AT TIME OF SHIPMENT AGAINST SHIPPING DOCUMENTS OR LATEST AT CUT-OFF DATE AGAINST WAREHOUSE CERTIFICATES AND/OR DELIVERY ORDERS AND PROVISIONAL INVOICES . THE L/C SHOULD REMAIN VALID UPTO ONE MONTH AFTER CUT-OFF DATE .
C\
STORAGE FEES:
D/
SECURITY BOND: