Procedures

Important Notes:

We never provide our past documents to prove our reliability.

No past Bill of Ladings or SGS Reports.  No Factory Visits.

Please make sure the date is not more then one week old and the ICPO or Letter of Intent is on buyers letter head signed and sealed by buyer and or buyers mandate or authorized person.   A letter of Intent/ICPO form for your convenience is located in the main menu.  Please feel free to use your own form. Please include all information that is on our form.

Only authorized buyers and Mandates with signature and power of Attorney are Authorized to issue (LOI) letter of intent and) and sign all necessary documents including contract and opening of (LC) Letter of Credit in sellers favor.  We do not accept a (LOI) Letter of intent that is issued by agents or brokers “on behalf of buyer”.

We are strict in insisting upon these fair and clear procedures to proceed with any kind of business.

Buyer issues ICPO or (LOI) Letter of Intent with (BCL) Bank Capability letter.

Seller will respond with FCO.

Prior to sending a draft contract seller will send a (FCO) Full Corporate Offer. Upon approval of (FCO), seller sends buyer a draft contract.

Seller may decide to go direct to Draft contract.

After buyer and seller sign original final contract, a copy will be lodged in seller's bank.

Once (dlc) documentary letter of credit is prepared by buyers bank following contract model in contract, buyer will send it first to seller to get approval.

No pop is ever issued against proof of funds. Only against a non-operative dlc.

THIS IS NON NEGOTIABLE

As soon as seller answers positively, the buyer's bank will issue the non-operative dlc. The PB of 2 % will render the dlc operative. The bank will then deliver the (pop) proof of product five days later.

Shipment Commences as per contract 30-45 days after DLC is activated. SGS Inspection – done by exporter (seller) at loading port. (Paid by Seller)

We need minimum soft probe authorization to verify financial capability of buyer, but seller would prefer a (BCL) bank capability letter to insure that the buyer is RWA to purchase the amount that is requested in buyer’s  (LOI) Letter or Intent.

Procedure in original contract will be as follows:

-13.1: Signature of this original contract and lodging of it into the bank

-13.2: Buyer’s Bank issue to Seller’s Bank an irrevocable non operative dlc in absolute conformity with approved draft in contract

-13.3: Seller’s Bank will notify receipt and acceptance of the Instrument of Payment

-13.4: As per article 10, Seller’s Bank will issue a 2 % Performance Bond And 5 days later the (POP) Proof of Product in accordance with terms and conditions established.

-13.5: Delivery starting as per contract. 30 to 45 days later after inspection by SGS (at Seller's cost)

-13.6: Payment as per contract.