Below you can find the negotiable terms for doing business with Myanmar Rice.
Example of Procedure (Don’t worry, we can help you through all steps!)
Buyer send LOI (Letter Of Intent to purchace) to Myanmar Rice
Myanmar Rice issues Full Corporate Officer (FCO)
Buyer accept FCO by issuing Bank Comfort Letter (BCL)
Myanmar Rice and Buyer sign draft of contract
Myanmar Rice releases Non-negotiable copy of Bill of Lading (BL) and other shipping documents. All documents are issued by Myanmar.
Procedure depends on payment terms such as T/T or L/C
Go to the document page to see examples and more info!
Packing can be according to buyer. Most used packings are 50kg PP bags
Partial shipment / Trans-shipment is allowed
$USD FOB Yangon Port (We can quote CIF as well)
TT or L/C (L/C at sight can only be offered when buyer has a wellknown reliable bank)
Quantity and Quality inspection by SGS at Myanmar Rice costs. Buyer’s representive can check the availability and condition of stock at Myanmar Rice’s warehouse.
Myanmar Rice will undertake the cost of furmination to keep away insects injuries.
Quantity when buying bulks
Due to the swallow water, then we can not load more than 12500-15000 MT per ship. Please go to our document page to find more shipping info.