12500 Metric Ton
To begin your purchase negotiation, we ask that you strictly follow the SALE PROCEDURES below.
1- The buyer issues ICPO (Irrevocable Corporate Purchase Order) and BCL or RWA as POF Proof of Funds.
2- Seller / Exporter issues FCO (Full Corporate Offer).
3- Buyer returns signed and stamped FCO.
4- The seller issues the draft contract.
5- Buyer returns draft of signed, stamped and scanned contract by email and will be considered legal and official Purchase and Sale Agreement until copies are exchanged.
6- The seller issues Commercial Invoice.
7- The buyer returns the stamped and signed Commercial Invoice.
8- Buyer submits draft of SBLC, LC or DLC.
9- The seller returns the above bank instrument with possible changes.
10-The buyer's bank issues SBLC, LC or DLC (MT 700/760) as a guarantee for one month and sends it to the seller's bank within 5 days. The bank instrument must be transferable, irrevocable, divisible, operational, renewable and confirmed by top 50 bank. Cash payment by MT 103 according to presentation of shipping documents (B / L + SGS).
11-Following the open banking instrument, the seller's bank sends the buyer's bank a 2% Performance Bond (PB) in the amount of a remittance and a Proof of Product (POP) within 5 days.
12- The buyer will receive an invitation letter to accompany the shipment at the port.