Product Description

PURCHASING PROCEDURE This Procedure Is Inflexible and Must Be Followed 1) Buyer issues an LOI accompanied by BCL with permission to soft probe, RWA or Letter of Readiness. (Top fifty international bank.) 2) Seller issues Formal Corporate Offer (FCO) to Buyer. (FCO will not be issued before required financial information is provided.) 3) Buyer signs, seals and returns the FCO to Seller accepting the general terms and conditions noted in the FCO. 4) Seller issues the Draft Contract to Buyer. 5) Buyer signs, seals and returns Draft Contract to Seller by fax, email and courier. 6) Once any amendments and changes are accepted, Seller will sign and return final binding signed Contract to the Buyer, who returns it countersigned. 7) Buyer and Seller deposit copies of the executed Contract to their respective Banks. 8) Within 3 (three) banking days, Buyer�s Bank sends a Non-Operative Letter of Credit (L/C) for value of first shipment to Seller's Bank. 9) Within *2 (seventy-two) hours, Seller's bank sends Proof of Product (POP) and 2% Performance Bond (PB) via Swift Bank-to-Bank to the Buyer's Bank. *0) Upon receipt of POP, Buyer instructs their Bank to send Operative L/C to Seller�s Bank. *1) Shipping will commence within (*0) thirty to (*5) forty-five days from the date of receipt by the Seller�s Bank of the Operative L/C from the Buyer�s Bank. IMPORTANT INFORMATION Please understand, we process dozens of inquiries before a qualified buyer is identified. A proper LOI helps us get to the first stage of putting your deal together. Your LOI must include the following: 1. Buyer�s or Buyer�s Mandate letter head. 2. Current date. 3. Contact information: phone numbers and email address (Buyer or Buyer�s Mandate). 4. Authorized signature and company seal (Buyer or Buyer�s Mandate). 5. BCL (with permission for soft probe) or RWA document or Letter of Readiness. 6. Address LOI document to Iman Import.