PROCEDURES :
Request a quote by sending us the quantity, port of destination and whether it will be a single order (Spot) or a monthly contract
Upon receipt of the determined amount, see if your company is ready to file a Proof of Funds (POF) or an SBLC / BCL .Through one of the top 50 banks in the world.
If you agree to the terms, issue a Letter of Intent-LOI or Irrevocable Corporate Purchase Order-ICPO. If you choose the second option, you will also need to send proof of funds (POF or sending an RWA that has the ability to issue an SBLC or BLC) Note
: We will only send the contract and proforma invoice to buyers who can prove their ability to purchase.
After we receive the LOI, we will issue a Full Corporate Offer-FCO within 24 hours
The buyer returns the signed and stamped FCO on letterhead, together with the ICPO, within 48 hours
Supplier issues and sends SPA + Proforma Invoice
The buyer, within 24 hours, returns the Proforma Invoice and the signed and stamped draft of the contract
The buyer sends the SBLC letter of credit, within 48 hours;
The seller returns the bank instrument within 24 hours.
The buyer's bank issues the Stand-By Letter of Credit (SBLC) with subsequent sending of SWIFT (MT 799/MT 760) To our bank coordinates as a guarantee for the duration of the contract in the value of shipments determined in the contract and to be sent to the bank from the seller within 5 business days.
The bank instrument must be transferable, irrevocable, divisible, operational, renewable and confirmed by one of the Top Prime 50 banks. Payment in cash by SWIFT MT 103 upon presentation of shipping documents (B/L + SGS)
After opening the bank instrument, boarding is released.
Loading begins as per the Delivery Schedule in the Contract
Buyer makes payment against shipping documents
PAYMENT METHODS
Spot Contract
Payment of 50% upon signing the contract and 50% after sending the BL shipping documents
Note: Only for Spot contracts
Monthly Contract
SBLC + Swift MT 103Â | SBLC + Swift MT103 | SBLC with value determined by contract, irrevocable, unconditional, transferable and divisible. Issued by TOP 50 bank and boarding payment by Swift MT103
