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.EXPORT MARKET :
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PROCEDURE FOR ENLISTING A NEW CUSTOMER FOR NALCO’s EXPORT OF METAL/ CALCINED ALUMINA :

All of Nalco’s export are based on contracts with the overseas buyer directly and letters of credit opened by them in our favor.

Nalco vets its customers before contracting for sale of metal / calcined alumina. In order to consider the inclusion of a firm/company based abroad, in the list of  customers, we would like them to send us the details in terms of sales, assets, profits, company profile and other highlights of their business activities, duly supported by published data and balance sheets for at least last three years. Their financial standing, duly authenticated by their bankers, may also be sent to us directly by the bank.

The standard terms for payment is in US dollars only through irrevocable letter of credit payable sight at the counters of State Bank of India, Bhubaneswar, India, Opened in a first class bank acceptable to NALCO, allowing TT reimbursement within two banking days and conforming to Uniform Customs and Practices for documentary credit, revision 1993, publication no. 500 of ICC.

In case the prospective overseas buyer has an Indian agent, the details of the agent along with an authorization in their favour may also be furnished by the overseas buyer.

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