Desert Hotel Case Study

592 Words2 Pages

Upon your promise, the kits shall be sold, once, the product is obtained from Kit-R-Us, manufacturer of the kits as the beneficial usage for the disabled at Mexican hotel chain, Desert Hotel, as well obtain the acceptance of the letter of credit by your reputable bank. Due to the settlement of past contracts with our companies will maintain its existence with the documentary sale of CIF contract. According to the contract, the goods will be delivered upon the conforming of goods, construction of a contract of affreightment, procurement policy of marine insurance, preparing commercial invoice and make a presentment of the documents in a reasonable manner for payment against documents. The letter of credit [LC] will contain official invoice, bill of lading, international sales daft …show more content…

LC is the issuing bank guaranteeing payment to our collections agent in a timely mannerly with the sated amount price. However, as an exporter [seller] of the goods, before, the international sales contract required to be established with an outright agreement, we shall proceed with the terms and conditions with the transaction schedule of the contract executing the stating price, delivery conditions, means of payment, and delivery period. Principle Terms: The total price of the product undertaken by the Desert hotel, as mentioned in your email is $25,000, including 700/ kit plus freight within 60 days of payment after shipment. Our reputable bank at New York Commercial Bank, collection bank agent, shall construct an international sales draft for payment to the beneficiary, Mana Inc. Following the issuance and acceptance of letter of credit by

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