| Procedere:
Buyer confirms Soft Offer and issues an ICPO, BCL with Soft Probe.
Seller issues FCO.
Buyer signs and returns FCO with a letter of acceptance.
Seller issues Draft Contract open for amendments.
Buyer returns signed Draft Contract: An Escrow is appointed to instructed by
both buyer and seller, Buyer deposit in 2% of first shipment value as an
insurance to a nominated Escrow Services, Seller issues partial Proof Of
Product (POP), Buyer issues POP from Prime Bank subject to Seller approval
Seller issues original contract for final signatory, both party exchange hard
copy of contract via courier within 5 (five) days of signing electronic
version. Both parties lodge contracts in respective banks.
Buyers bank issues Irrevocable, , Documentary Letter of Credit.
Seller issues 2% PB to activate Buyers Irrevocable, Documetary Letter of
Credit as agreed on contract.
Delivery commence as scheduled.
Notice:
Payment: Bigger amount with BG can be negotiated.
Inspection: SGS, CCIC or similar
Country of Origin:
Procedere: Negotiable |