Iron Industries, LLC. works with various payment terms. Our current preferred method is:

Cash Against Documents (CAD)

  1. 20% – 33% Deposit.
  2. Balance Against Documents (with the OBL, not Draft BL. We pay the ocean freight).

Letters of Credit

  1. We will accept LCs from certain countries.
  2. The LC should be a 60 Day Irrevocable Revolving Cumulative Letter of Credit at Sight.
  3. On a 60-day LC we have 45 full days to ship. We will not accept a 30 day LC.

EXAMPLE:

  • Grade: HMS 1 & 2
  • Tonnage: 1,000 MT
  • Price: $291 MT CIF
  • Loading Port: ASWP
  • Destination: Mundra
  • Payment Terms: 20% Deposit on 200 MT = $11,640 USD (40MT)
  • 960 MT by Letter of Credit

Call or WhatsApp: 1+305-780-4942

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