PROCEDURES
1. Seller Send NCNDA;
2.BUYER’S AGENT ISSUE IRREVOCABLE CORPORATE PURCHASE ORDER (ICPO).
3. Seller issue Full Corporate Offer (FCO) for Buyer'sreview.
4. Buyer accepts FCO, confirmed by signed and seal on the FCO. Buyer issues
RWA or BCL or MT799.
4. Seller provides Draft Contract for evaluation.
5. Seller and Buyer sign IMFPA.
6. Buyer and seller signs Contract.
7. Buyer's and Seller's Banks communicate and agree on the final wording of
SBLC/BG.
8. Seller's bank notifies the Buyer's bank that they are ready to issue operative 2%
PB and Proof of Product to the Buyer's bank.
9. Buyer’s bank confirms by swift to the seller's bank readiness of opening
SBLC/BG. Buyer's bank issues Pre-Advice of SBLC/BG to Seller's Bank.
10. Seller’s bank issues operative 2% PB. Seller's bank sends Proof of Product to
Buyer's Bank (Bank to bank).
11. Buyer’s bank issues SBLC/BG which activatesthe Performance Bond.
12. Shipment commence as per contract.
13. The Parties to the contract enter into this cycle and shall proceed with the
execution of mutually agreed schedule to its full implementation. Payment will be
arrange to the SELLER to port of origin true the BL (inspection and documents of
loading and shipment).
14. The contract commences