1. Buyer issues LOI2. Seller issues FCO, Buyer returns Signed FCO to Seller3. Seller issues Draft Contract to Buyer.4. Buyer returns Revised Dr Show More...
1. Buyer issues LOI2. Seller issues FCO, Buyer returns Signed FCO to Seller3. Seller issues Draft Contract to Buyer.4. Buyer returns Revised Draft Contract to Seller via Fax or E-mail.5. Seller reviews and confirms any change made in Draft by Buyer, then issues the Final Binding Contract via Fax or E-mail.6. Buyer returns Final Contract Duly Signed and Sealed via Fax or E-mail in PDF format. Seller signs Hard Copy and issue Commercial Invoice (CI). (Original Signed Copy to be sent by Courier.) 7. Buyer Bank sends RWA Pre-advised MT799 or MT999 by Swift to Seller Custodian Bank, Receiver Bank replies by Swift Readiness to receive DLC.ORWithin 05 working days after signing SPA, Buyer's bank sends an Irrevocable, Non-transferable DLC Swift MT700Verbiage proveller for the Value Amount to cover the First Delivery to Custodian Account.8 Seller's Bank will issue a Performance Bond of 2% to Buyer's Bank under the Format of . 9 PAYMENT FOR THE SHIPMENT SHALL BE MADE AFTER BOL AND SGS INSPECTION AT THE UNLOADING PORT DISCHARGE PORT PAYMENT BY MT103. WHILE THE INSTRUMENT STAYS AS A GUARANTEE FOR THE NEXT SHIPPING.
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