Follow us:

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.

  • Non-Circumvention and Non-Disclosure (NCND) agreement is signed between all parties involved
  • Irrevocable Master Fee Protection Agreement (IMFPA) is signed between all parties involved
  • 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)
  • Seller issues the draft contract (DC) and Full Corporate Offer (FCO)
  • 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)
  • Seller sends soft and hard copies of the final contract to be signed and stamped by the buyer
  • Buyer issues a non-operative LC and provides Proof of Funds (POF) to the seller’s bank.
  • Seller will provide Proof of Product (POP) to the buyer’s bank.
  • Seller will issue 2% Performance Bond Guarantee (PBG) to activate the LC
  • Shipment begins as per mutually agreed schedule in the contract.