非常感谢,The successful bidder will provide performance BG at the rate of 10% of total value of the contract. The performance BG will be furnished in the form of an un-conditional bank guarantee on prescribed proforma covered by a scheduled bank in Pakistan. The performance BG shall be furnished within 45 days from the date of opening of Letter of Credit. It shall be valid for a period of one year after the date of expiry of L.C, however, it will be extendable till the expiry period of satisfactory[收起]
In short High Sea sale is when the cargo is already loaded on a ship and sailing on the high seas (international waters, under no jurisdiction) without actually being sold to the final buyer yet. Seller is looking for a buyer, while shipmenet is on the way. Once the cargo is sold, the captain of the vessel is notified to change course and deliver it to the new buyer’s port. Usually the ship is sailing in a certain direction (example: from Brazil to Middle East). Seller is looking for buyers in d[收起]