Product Description

        1.   Buyer issues an LOI to Seller, seller sends an SCO to Buyer.
2.   Following the Soft Offer, Buyer issues ICPO (Irrevocable Corporate Purchase Order) with banking details and soft probe authorization..
3.   Seller issues a FCO (Full Corporate Offer) and Draft Contract to the buyer.
4.   Buyer signs, seals and returns the FCO.
5.   Seller shall conduct soft probe based on the banking information provided in the ICPO.
6.   After soft probe, Seller issues the Draft Contract, along with MT**0 text for Buyer’s approval.
7.   Buyer reviews and signs back draft contract to seller.
8.   Seller reviews and confirms any changes made in the draft contract by the buyer.
9.Buyer is encouraged to travel to seller’s warehouse to check the cargo. The expense incurred will be borne to buyer side.
*0.The Buyer’s Prime bank shall open via SWIFT MT**0 (Confirmation of Funds) to the seller’s bank within seven (7) banking days after Final Contract is signed.  
*1.Seller will post 2% PB to buyer side after non-operative payment instrument from the buyer is issued to the seller’s bank to activate the payment instrument. Seller will cover all the expenses incurred in the LC opening from buyer side if failing to post 2% PB.
*2.Buyer issues Confirmed irrevocable, transferrable Documentary Letter of Credit (MT**0)in **0% value of one shipment to seller’s bank.
*3.Shipping commences *0 to *5 days after the financial instruments are opened from the Buyer’s Bank to Seller’s Bank.

Please email to: chenyaoxin**8 AT yahoo DOT com