What are the delivery and payment terms for booking of steel from SAIL?

Presently we are entering into FOB stowed Contracts with delivery from Load ports of Vizag for Bhillai and Rourkela Steel Plant products and from Haldia for Durgapur, Bokaro and IISCO Steel Plant products. Payment is to be made by means of an irrevocable, Letter of Credit (L/C*) payable at sight established by a first class international bank, satisfactorily in all respects, in favour of Steel Authority of India Limited, Central Marketing Organisation, 40 Jawaharlal Nehru Road, Calcutta - 700071 (India)

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