need gloves with following SOP: 1 Supplier name provided to Buyers2 Documents pack (including product specification) provided to Buyers3 Buyers runs KYC check on the company4 All parties sign NCNDA5 Verification of Buyers– options:a) Dun & Bradstreetb) Letter from financing entity confirming lines available Show More...
need gloves with following SOP: 1 Supplier name provided to Buyers2 Documents pack (including product specification) provided to Buyers3 Buyers runs KYC check on the company4 All parties sign NCNDA5 Verification of Buyers– options:a) Dun & Bradstreetb) Letter from financing entity confirming ilablec) Google search + publications6 Verification of Supplier– at least one of the following to be provided: (If a major producer, skip to step 7)a) Dun & Bradstreetb) Previous transaction documents; B L, SGS etcc) Import export datad) Proof of life videoe) Buyer sends representative for site inspection7 Direct from Head of Trade, Barclays Bank UK to suppliers manufacturer bank confirming that limit is available8 Buyer issues Letter of Intent (LOI)9 Buyer issues bank comfort letter10 Supplier provides proof of factory contract allocation, if not manufacturer11 Supplier completes ‘buyer Supplier Details’ form12 SPA (Sales and Purchase Agreement) signed between buyer ,and supplier13 Pro-forma Invoice issued by supplier14 Purchase Order issued by buyer15 LC issued from Buyer to supplier16 Production loading commences in SPA17 SGS, or similar, inspection undertaken at point of loading at manufacturer facility against SPA product specification18 Bill of Lading issued