Procedures
PROCEDURE
1. Buyer submits Letter of Intent(LOI)/ Irrevocable Corporate Purchase Order (ICPO) and Bank Capability Letter (BCL) or all banking coordinates.
2. Seller send the Full Corporate Offer (FCO) and Non Circumvent Non Disclosure Agreement. Buyer then signs and returns FCO and NCNDA.
3. The SELLER verify the financial capability, then sends DRAFT CONTRACT by e-mail or fax.
4. Draft contract is signed.
5. After these initial steps, then the Hard Copies of the contract and exchanged while the PROOF of FUNDS and PROOF of PRODUCT are verified through each sides respective banks.
Proof of Funds and Proof of Product are done through the banks to be absolutely verifiable, legal, and certain.
6. A maximum of 5 days after contract is signed, buyer opens inactive L/C to the full value of the deal.
7. Sellers bank receives L/C, informs seller and opens a 2% PB in the form of L/C.
8. Buyers L/C is activated.
9. Shipping commences 45-60 days from this time.
SOFT PRICES
MODELS