01
NCND
Non-Circumvention and Non-Disclosure Agreement
NCND agreement is signed between all parties involved.
Trade Workflow · 10 Steps
Procedures
While we have standardized procedures in place, our goal is to collaborate with our clients to achieve mutual agreement. We highly value your business and encourage you to reach out if you have any inquiries regarding the outlined procedure.
Every shipment runs through ten contractual checkpoints
02
IMFPA
Master Fee Protection Agreement
Irrevocable Master Fee Protection Agreement (IMFPA) is signed between all parties involved.
03
LOI · BCL · ICPO
Buyer issues Letter of Intent
Buyer submits a valid Letter of Intent (LOI) with complete banking coordinates and authorization of soft probe and Bank Comfort/Clearance Letter (BCL) or Irrevocable Corporate Purchase Order (ICPO).
04
DC · FCO
Seller issues draft contract
Seller issues the draft contract (DC) and Full Corporate Offer (FCO).
05
Counter-signature
Buyer counter-signs with fresh BCL
Buyer sends signed and stamped DC, FCO with a fresh BCL confirming that the buyer has the capability to open a Letter of Credit (LC).
06
Final Contract
Seller delivers final contract
Seller sends soft and hard copies of the final contract to be signed and stamped by the buyer.
07
Non-operative LC + POF
Buyer issues non-operative LC
Buyer issues a non-operative LC and provides Proof of Funds (POF) to the seller's bank.
08
POP
Seller provides Proof of Product
Seller will provide Proof of Product (POP) to the buyer's bank.
09
2% PBG
Seller issues Performance Bond Guarantee
Seller will issue 2% Performance Bond Guarantee (PBG) to activate the LC.
10
Delivery
Shipment begins
Shipment begins as per mutually agreed schedule in the contract.