Please consider the procedure below: 1 Contract to be signed by both parties 2 Option a Both parties deposit the same amount in the opposite bank. The two banksâ?? account holder company must be registered in China, Option b A guarantee letter signed and sealed by the bank from shipping company that is registered in China in which stipulate the Show More...
Please consider the procedure below: 1 Contract to be signed by both parties 2 Option a Both parties deposit the same amount in the opposite bank. The two banksâ?? account holder company must be registered in China, Option b A guarantee letter signed and sealed by the bank from shipping company that is registered in China in which stipulate the double refund will be made in case the company fail to deliver the qualified cargo to buyer Amount shall be discussed based on sellerâ??s proposal 3 The fund deposit bank could be the shipping forward agency, or any company that is China-registered. If it is the shipping company, a 3 parties agreement shall be signed first 4 Cargo to be loaded 5 Payment documents (together with DA or DP) to be sent by bank to bank 6 Q&Q inspection to be made at the unload port 7 Payment to be made against the step 5 & 6 Followed shipments repeat step 4 to 7
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