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AGREEMENT
PROCEDURES:
1-SELLER ISSUES (SOFT
OFFER)
2-BUYER
ISSUES “ICPO”
(IRREVOCABLE CORPORATE
PURCHASE ORDER) WITH
SOFT PROBE AUTHORIZATION
AND RWA
3-SELLER
ISSUES FCO (FULL
CORPORATE OFFER),BUYER APPROVED, SIGN
, SEALED AND RETURN TO THE
SELLER, WITHIN 24 HOUR.
4-SELLER
ISSUES A DRAFT CONTRACT
FOR THE BUYER'S REVIEW,
AFTER TERMS ARE AGREED,
BUYER AND SELLER SIGN
AND SEAL
THE CONTRACT.
5-BOTH
PARTIES DO ELECTRONIC
SIGNATURE OF THE
CONTRACT AND EXCHANG IT
ACCORDINGLY.
6-BUYER AND
SELLER SIGN AND SEAL
FOUR ORIGINAL COPIES OF
THE CONTRACT, TWO COPIES
ARE FOR THE BUYER AND
TWO COPIES FOR SELLER.
7-BOTH
PARTIES SENDS A COPY OF
THE CONTRACT TO THEIR
RESPECTIVE BANKS.
8-BUYER
ISSUE LETTER OF CREDIT
VIA SWIFT OPERATIVE TO
SELLERS BANK
WITHIN 3 DAYS FROM
SINGING THE CONTRACT.
9-WITHIN
TEN (10) WORKING DAYS,
SELLER ISSUES 2%
PERFORMANCE
BOND IN THE
FORM OF SBLC.
10-SHIPMENT
COMMENCES AS PER
CONTRACT.
11-SELLER
START DELIVERING THE PRODUCT CIF
WITHIN 35 TO 50 DAYS
FROM LC.
OTHER TERMS:
*IF
REQUESTED, SELLER WILL
SEND POP (PROOF OF
PRODUCT) TO THE BUYER
BANK AGAINEST THE POF
(PROOF OF FUND).
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