This transaction record details the successful export of 2,500 metric tons of cold-rolled steel coils from a major Chinese mill to a construction consortium in Thailand. The deal was structured under a deferred payment letter of credit, with shipment completed in three lots over an eight-week period. Rigorous third-party inspection at the port of Tianjin ensured full compliance with ASTM A1008 specifications.
Key Transaction Highlights
- Total value: USD 2.18 million FOB
- Shipping terms: CFR Laem Chabang
- Inspection: SGS at load port
- Payment: 90-day usance L/C confirmed by Bangkok Bank
All logistics were managed by a nominated freight forwarder, including inland trucking, customs clearance, and ocean freight with Maersk Line. Zero demurrage and zero damage claims were achieved, demonstrating operational excellence.