Advanced Metals And Alloys Recovery Limited

WE KNOW SCRAP METALS & WE KEEP IT MOVING. #SCRAPCHASE

PAYMENT TERMS & PERFORMANCE

PAYMENT TERMS

Below mentioned are our acceptable payment methods. Please note:


We only accept a transferable 100% Letter of Credit (LC) at sight, depending on the quantity of the material you choose. Any non-ferrous order below 250MT or ferrous order below 500MT needs to follow our TT payment terms. See below for more information.


Please do not request or push for a trial of 1 or 2 containers on LC terms.


The LC shall be issued with a validity of 45 days, in case of delays. The text of the LC is provided as a sample only in our FAQs. The final text to be provided by the buyer’s bank shall be subject to approval by the seller as a condition of the buyer’s compliance with the present contract.  


FAS / Ex Work / FOB: All payments are to be made in full before the goods leave our yard or warehouse: partial payment in advance by TT and the balance  payable before dispatch of the goods to the dock. Or any form which is accepted by our accounting department.

FERROUS

FERROUS Payment Terms BELOW 500MT

CIF / CFR Terms.

Deposit payable 30% (or as agreed) of contract value by buyer within 3-5 working days from the date of issuing the contract or invoice, and 70% balance (or as agreed) within 3-5 working days upon presentation of agreed shipping documents via fax or email.  


Note:  If the remaining payment is not made within 3-5 working days after continued reminders and after receiving all the shipping documents, customer's deposit for the order will be forfeited and goods will be sold to another customer.   


FERROUS Payment Terms ABOVE 500MT

CIF / CFR Terms 

We only accept workable, irrevocable transferable 100% Letter of Credit (LC) at sight with the world’s prime bank and all funds are available for negotiation with our bank. 


We will provide customer the full LC instructions for opening/issuing of the LC in favour of our company. Buyer’s bank opens workable, irrevocable transferable LC payable 100% at sight of contract value, payable 100% against the presentation of documents at loading port.

NON-FERROUS

NON-FERROUS Payment Terms BELOW 250MT

CIF / CFR Terms.

Deposit payable 30% (or as agreed) contract value by buyer within 3-5 working days from the date of issuing the contract or invoice, and 70% balance (or as agreed) within 3-5 working days upon presentation of agreed shipping documents via fax or email.  


Note:  If the remaining payment is not paid within 3-5 working days after continued reminders and after receiving all the shipping documents, customers deposit for the order will be forfeited and goods will be sold to another customer.   


NON-FERROUS Payment Terms ABOVE 250MT

CIF / CFR Terms 

We only accept workable, irrevocable transferable 100% Letter of Credit (LC) at sight with the world’s prime bank and all funds are available for negotiation with our bank. 


We will provide customer the full LC instructions for opening/issuing of the LC in favour of our company. Buyer’s bank opens workable, irrevocable transferable LC payable 100% at sight of contract value, payable 100% against the presentation of documents at loading port.

PERFORMANCE

Can you provide past performance for your scrap?
Yes we can. We work on the principles of honesty, integrity and trust. If we are approached in the proper manner with a formal request on the buyer's letterhead or official email address by signatory, we respond with past performance and expect the past performance of the buyer in return. If you cannot provide your past performance you do not have the right to ask the same from the supplier. We understand the buyer’s predicament and the buyer should respect ours. If you do not trust us please do not do business with us.

Can you provide reference from a buyer of your scrap?
No, our performance and good reputation IS our reference 

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How long you have been in business?
Our company was registered in 2014. All of our business partners have been in the scrap business for 20 to 25 years and you are dealing with a very professional and experienced team. We have management, sales, logistics, legal & financial expertise that is simply not matched anywhere else.

#scrapchase #advancedmetalsandalloysrecoverylimited #amagroups #amagroup #scrapchaseama
#scrapchase #advancedmetalsandalloysrecoverylimited #amagroups #amagroup #scrapchaseama