These payment terms are subject to there being a floor price. How can we receive a payment when the ship is loaded when those things aren't set in stone yet. Once we get a floor price we'll be getting 95% upon loading
Like in my previous message - I foresee Hainan sending the 95% upon loading when the floor price is agreed. With this first shipment they can't pay 95% of a value that isn't agreed yet. KMUK has sent out an invoice for $24m but upon arrival there'll be a recalculation of grade and $ with the final price estimated to be in exes of $930DMT