Procedure works company according to rules of International trade ICC
PROCEDURE WORKS COMPANY ACCORDING TO RULES OF INTERNATIONAL TRADE ICC
1. Seller provides: Personal proposal + Sample LOI.
2. Buyer provides: filled LOI.
LOI - it letter of intent, which inform for purchase of goods. Provides Buyer on official letterhead with company details, stamp and signature, which not correspond this requirements, are considered as invalid.
3. Seller provides: Soft Corporate Offer (SCO) +
Sample IСPO.
4. Buyer provides: filled IСPO and * RWA or BCL.
IСPO - it irrevocable corporate purchase order commodity, with full legal responsibility.
* RWA or BCL - this is a document which is issued by the Buyer’s bank. The bank confirms that their client has the sufficient funds in their possession and is ready, willing and able to engage in the contract.
* RWA or BCL - gives grounds to think to the seller that buyer has serious and real intentions on purchase sugar, all other is an insignificant talk which takes away time of seller!
Unit № 2:
5. Seller provides: filled Contract on signature of buyer.
6. Buyer provides: signed Contract in during 48 hours.
Sends Statement and Contract to release
(DLC / LC), (one month cost).
Buyer Bank confirms Seller's Bank
issuance (DLC / LC), time to 3 (three) working days.
7. Seller's Bank provides POP (documentation)
and 2% Perfomans Bond (one month cost) and sends buyer through 10 days.
8. Shipping and Forwarding will begin at once according to contract.
9. Seller + Intermediary: conclude contract NCNDA (nondisclosure) & IMFPA (commission), after
provides (DLC / LC), Buyer's Bank.
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