PROCEDURES: SPOT
+ SELLER ISSUES SCO
+ BUYER ISSUES ICPO + SIGNED NCNDA
+ SELLER ISSUE (FCO).
+ BUYER SIGNS FCO AND EMAIL IT BACK WITH BCL
+ SELLER ISSUES DRAFT CONTRACT IN FAVOUR OF THE
BUYER.
+ BUYER SIGNS AND SENDS BACK THE DRAFT CONTRACT TO THE SELLER
WITHIN *8 HOURS.
+ SELLER AND BUYER EXCHANGE *2 HARD COPIES SIMULTANEOUSLY
BY
+ WITHIN 5 BANKING DAYS OF SIGNING OF THE FINAL CONTRACT
(ELECTRONIC VERSION), THE BUYER WILL ISSUE THE NON-OPERATIVE (SBLC)
IN FAVOR OF THE SELLER
+ WITHIN 5 BANKING DAYS OF RECEIPT OF THE NON OPERATIVE (SBLC), THE
SELLER SHALL INSTRUCT HIS BANK TO ISSUE A BANK TO BANK PROOF OF
PRODUCT + 2% BY SWIFT MT***9 , WHICH WILL TURNING THE SBLC INTO
OPERATIVE.
+ DELIVERY AND SHIPMENT COMMENCE AS PER SCHEDULE MUTUALLY
AGREED
+ THE SBLC SHALL REMAIN ACTIVE FOR THE FULL TERM OF THE CONTRACT AS
A GUARANTEE OF COMPLIANCE.
PROCEDURES: CONTRACT
+ SELLER ISSUES SCO
+ BUYER ISSUES ICPO + SIGNED NCNDA
+ SELLER ISSUE (FCO).
+ BUYER SIGNS FCO AND EMAIL IT BACK WITH BCL
+ SELLER ISSUES DRAFT CONTRACT IN FAVOUR OF THE
BUYER.
+ BUYER SIGNS AND SENDS BACK THE DRAFT CONTRACT TO THE SELLER
WITHIN *8 HOURS.
+ SELLER AND BUYER EXCHANGE *2 HARD COPIES SIMULTANEOUSLY
BY
+ WITHIN 5 BANKING DAYS OF SIGNING OF THE FINAL CONTRACT
(ELECTRONIC VERSION), THE BUYER WILL ISSUE ONE MONTH NON-OPERATIVE
(SBLC) IN FAVOR OF THE SELLER
+ WITHIN 5 BANKING DAYS OF RECEIPT OF THE NON OPERATIVE (SBLC), THE
SELLER SHALL INSTRUCT HIS BANK TO ISSUE A BANK TO BANK PROOF OF
PRODUCT + 2% BY SWIFT MT***9 , WHICH WILL TURNING THE SBLC INTO
OPERATIVE.
+ DELIVERY AND SHIPMENT COMMENCE AS PER SCHEDULE MUTUALLY
AGREED
+ THE SBLC SHALL REMAIN ACTIVE FOR THE FULL TERM OF THE CONTRACT AS
A GUARANTEE OF COMPLIANCE.
+ PAYMENT FOR EACH SHIPMENT WITH MT **3 / TT
