Vgloves OTG 10 million boxes.
offer Price range - 7.70 $ to 8.5$/FOB
Standard operating procedure: 1) NCNDA signed 2) LOI and POF 3) Seller issue FCO4) SPA Agreement executed5) Buyers issue PO6) Seller issue PI7) Buyer Issue POF and LC after signed SPA (make sure buyer have LC facility) then straight way deposit cash 30% , 8) Seller issue SGS, Commercial Invoice9) Buyer Issue Shipment bill10) LC released
Make sure buyer have LC facility on hand. LC need to be submitted upon signing SPA.*Buyer who sign the SPA, POF must be the same person (unless the buyer have LOA from their end buyer, then accepted)
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