Production 5 million box for 12 month With our Sop 1 Supplier name provided to Buyers 2 Documents pack (including product specification) provided to Buyers 3 Buyers runs KYC check on the company 4 All parties sign NCNDA 5 Verification of Buyers– options: a) Dun & Bradstreet b) Letter from financing entity confirming lines available c) Google searc Show More...
Production 5 million box for 12 month With our Sop 1 Supplier name provided to Buyers 2 Documents pack (including product specification) provided to Buyers 3 Buyers runs KYC check on the company 4 All parties sign NCNDA 5 Verification of Buyers– options: a) Dun & Bradstreet b) Letter from financing entity confirming ilable c) Google search + publications 6 Verification of Supplier – at least one of the following to be provided: (If a major producer, skip to step 7) a) Dun & Bradstreet b) Previous transaction documents; B L, SGS etc c) Import export data d) Proof of life video e) Buyer sends representative for site inspection 7 Direct from Head of Trade, Barclays Bank UK to suppliers manufacturer bank confirming that limit is available 8 Buyer issues Letter of Intent (LOI) 9 Buyer issues bank comfort letter 10 Supplier provides proof of factory contract allocation, if not manufacturer 11 Supplier completes ‘buyer Supplier Details’ form 12 SPA (Sales and Purchase Agreement) signed between buyer ,and supplier 13 Pro-forma Invoice issued by supplier 14 Purchase Order issued by buyer 15 LC issued from Buyer to supplier 16 Production loading commences in SPA 17 SGS, or similar, inspection undertaken at point of loading at manufacturer facility against SPA product specification 18 Bill of Lading issued Box of 100pcs Ce, Fda, En455, En374 Seller manufaktur paid our commision. Lets start with Billy of Lading, Ncnda.etcplz