PRODUCT INFORMATION / DETAILS
PRODUCT: 2 x USED GENERAL ELECTRIC TM2500 MOBILE GAS TURBINE GENERATING SETS
COUNTRY OF ORIGIN: USA
SPECIFICATIONS: AS PER ATTACHED PURCHASE CONTRACT
QUANTITY: 2 UNITS
CONTRACT DURATION: 4 WEEKS
PRICE: 33 000 000$ PER PCS.
EXW EGYPT
PAYMENT TERMS: 30% WITH SIGNING OF CONTRACT/INSPECTION ESCROW
70% BY CONFIRMED IRREVOCABLE LETTER OF CREDIT PAYABLE IN US DOLLARS AT SIGHT AGAINST PRESENTATION OF SHIPPING DOCUMENTS
PROCEDURE AS FOLLOWS:
1. Buyer issues ICPO with Proof of Funds
2. Buyer signs NCNDA
3. Buyer inspects the equipment in Cairo at their own expense AFTER DEPOSIT INTO ESCROW
3. On satisfactory inspection the Buyer opens the Letter of Credit
4. Buyer ships the equipment and the letter of credit is cashed.
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