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Akbar Food

Supplier From Pakistan
May-23-11
Supplier : Biscuits, wafer, chocolate bean, rice, cement

Established: 1980

Verification Status



Contact Details:
F B Area
Karachi 74000
Sindh Pakistan


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Below present our general procedures for the purchase and sale of sugar of Brazilian origin:
1- Buyer issues a Letter of Intention (LOI) addressed to Seller;
2- Seller issues a Soft Corporate Offer (SCO);
3- If Buyer accepts SCO, signs and seals SCO and then sends to Seller;
4- Seller issues Full Corporate Offer (FCO);
5- Buyer signs and seals FCO and issues an Irrevocable Corporate Purchase Order (ICPO), addressed to Seller;
6- Seller issues draft of Sale and Purchase Agreement (SPA) to be discussed and commented;
7- SPA is signed by Seller and Buyer;
8- Buyer issues draft of the Payment Instrument (SBLC/DLC) for approval by Seller�´s Bank;
9- If Seller�´s Bank accepts, Buyer issues the bank guarantee (SBLC/DLC);
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The financial instrument (SBLC / DLC) must be issued by the Top 50 Bank in the world ranking.
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Verification Status