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    Shipping Payment Terms For RFQ

    Uploaded by

    Aamir khan
    This document outlines Pakistan Petroleum Limited's (PPL) payment terms and shipping requirements for requests for quotation (RFQ). PPL's preferred payment term is net-30 days, and it accepts payment via letter of credit, net-30 days, or wire transfer. The document specifies the terms for each payment type and provides requirements regarding country of origin, port of shipment, and shipping documentation and addresses. Suppliers must also return a signed order acknowledgement within two days of receiving a purchase order from PPL.

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    Shipping Payment Terms For RFQ

    Uploaded by

    Aamir khan
    528 views1 page
    This document outlines Pakistan Petroleum Limited's (PPL) payment terms and shipping requirements for requests for quotation (RFQ). PPL's preferred payment term is net-30 days, and it accepts payment via letter of credit, net-30 days, or wire transfer. The document specifies the terms for each payment type and provides requirements regarding country of origin, port of shipment, and shipping documentation and addresses. Suppliers must also return a signed order acknowledgement within two days of receiving a purchase order from PPL.

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    it consists th basic terms for shipment

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    Shipping Payment Terms for RFQ

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    This document outlines Pakistan Petroleum Limited's (PPL) payment terms and shipping requirements for requests for quotation (RFQ). PPL's preferred payment term is net-30 days, and it accepts payment via letter of credit, net-30 days, or wire transfer. The document specifies the terms for each payment type and provides requirements regarding country of origin, port of shipment, and shipping documentation and addresses. Suppliers must also return a signed order acknowledgement within two days of receiving a purchase order from PPL.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    528 views1 page

    Shipping Payment Terms For RFQ

    Uploaded by

    Aamir khan
    This document outlines Pakistan Petroleum Limited's (PPL) payment terms and shipping requirements for requests for quotation (RFQ). PPL's preferred payment term is net-30 days, and it accepts payment via letter of credit, net-30 days, or wire transfer. The document specifies the terms for each payment type and provides requirements regarding country of origin, port of shipment, and shipping documentation and addresses. Suppliers must also return a signed order acknowledgement within two days of receiving a purchase order from PPL.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    These Shipping & Payment terms are integral part of this RFQ.

    PPL use following payment modes in which Net-30 days is preferred payment terms:
    1. Letter of Credit
    2. Net-30 days
    3. Wire transfer (Advance Payment)
    (1) Letter of Credit:
    i) All charges inside Pakistan are to be borne by applicant (PPL) whereas all charges outside
    Pakistan will be on beneficiary’s account.
    ii) Shipment must be effected as per shipment date stipulated in Letter of Credit.
    iii) Supplier to provide copy of non-negotiable documents via email immediately upon
    presentation of documents in their country’s bank.
    iv) PPL must be notified with a courier way no. via email for original documents dispatched by
    supplier’s banker to consignee’s (PPL) bank.
    v) Kindly provide signed Order Acknowledgement (OA) on your company letterhead within two
    working days after receipt of purchase order.
    (2) Net-30 days:
    i) Net-30 contract is registered with local bank in Pakistan for subsequent payment within 30
    days after receipt of shipment at Airport /Seaport in Pakistan.
    ii) PPL will provide bank contract No. for mentioning the same on shipping documents. If you do
    not have bank Registration No., kindly ask PPL prior shipment is effected.
    iii) Shipment must be effected within the stipulated date as given in purchase order under
    intimation to PPL through shipping documents via email.
    iv) Supplier to provide and dispatch 2 sets of original shipping documents to the address notified
    as below.
    v) Kindly provide signed Order Acknowledgement (OA) on your company letterhead within two
    working days after receipt of purchase order.
    (3) Wire Transfer:
    i) Nominal payments are made through wire transfer (advance payment).
    ii) Shipment must be effected within the stipulated date as given in purchase order under
    intimation to PPL through shipping documents via email. In case, shipment date is go beyond
    120 days, PPL reserves the right to deduct charges as 1% per month from the date of advance
    payment.
    iii) Supplier to provide and dispatch 1 set of original shipping documents to the address notified
    as below.
    iv) Kindly provide Proforma Invoice (PI) on your company letterhead within two working days
    after receipt of purchase order.
    Country of Origin (COO): Incase of multiple COOs, kindly provide itemized origin for all items. COO should
    reflect on shipping invoice.
    Port of Shipment: Incase of multiple port of shipments, kindly provide itemized port of shipment
    for all items.
    Dispatch Address:
    Pakistan Petroleum Limited
    PIDC House, Dr. Ziauddin Ahmed Road,
    P.O.Box No.3942
    Karachi- 75530
    Pakistan
    UAN: +92 21 111568568, Tel: +92 21 5651480-89
    Fax: +92 21 5680005, +92 21 5652125
    Attn: Syed Azhar Ali

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