SinoVenture - COVID-19 Test - Antigen Rapid Test SVT1
Non Technical and Terms
Inspection and testing will be performed prior to and during production along with a final random inspection of finished products by a Bank approved independent inspection agency. The inspection contract will be let by SinoVenture to the approved inspection agency with costs passed through to the Borrower to pay.
Upon receipt of a Borrowers completed ROI, SinoVenture will propose CIP pricing, which entails organizing the delivery and insurance of goods to the agreed destination.
Note: Some countries may wish to collect the products, which can be accommodated on request.
Lead times will be confirmed on receipt of Registration of Interest (ROI).
Estimated lead times:
50,000 to 500,000: 10 days
500,000 or greater: 10 - 20 days
10% payment within 5 days of signing the contract and balance of 90% on provision of the shipping documents listed in Contract Clause 7 to the Purchaser.
SinoVenture International Group is a private company, founded in Macau with the Central Asian region office located in Beijing. The company was founded in 2010 with the primary aim of establishing economic relations and promoting business between regions of China, including Hong Kong, Macao and Taiwan and the Portuguese speaking countries including Angola, Brazil, Cape Verde, Guinea Bissau, Mozambique, Portugal, São Tomé and Principe and East Timor.
These testing devices are used to detect specific proteins on the surface of the virus. Testing is performed in a professional Clinical Laboratory, Point-of-Care, or in a home/self-collection setting. The average processing time for the kits are < 30 minutes. The results of the test will be interpreted as either Positive or Negative. The kits should be stored at room temperature and collected by swab using samples via nose, throat or saliva. They are of single use and disposable after use. Instructions for Use will be easily accessible.
World Health Organization’s Standards:
- EU PPE Regulation 2016/425
- EN 166
- ANSI/ISEA Z87.1 or equivalent
Equivalent Standards (determined by ECRI):
- GB 14866