Product Description

Here are the procedures needed in order to make a purchase. PROCEDURES: 1.BUYER ISSUES LOI/ICPO WITH COMPLETE BANKING COORDINATES AND AUTHORIZATION FOR A SOFT PROBE 2.SELLER ISSUES FCO, BUYER SIGNS AND RETURNS IT TO THE SELLER WITH OFFICIAL BANK COMFORT LETTER TO THE BANK OF THE SELLER PER SWIFT MESSAGE 3.SELLER ISSUES DRAFT CONTRACT TO BUYER FOR COMMENTS AND ACCEPTANCE, THE BUYER SIGNS AND RETURNS THE DRAFT CONTRACT SHOWING ALL AMENENDMENTS REQUIRED ADDS FULL BANKING COORDINATES AS SET OUT WITHIN 4.SELLER AMENDS WHERE NECESSARY THE HARD COPY CONTRACT, SIGNS, SEALS AND ISSUES TO THE BUYER FOR HIS COMPLETION, THE BUYER SIGNS THE HARD COPY CONTRACT AND RETURNS IT TO THE SELLER, ANY FACSIMILE COPY SHALL BE CONSIDERED AS THE ORIGINAL 5.WITHIN FIVE (5) BUSINESS DAYS AFTER SIGNING THE CONTRACT, THE BUYER OPENS AN IRREVOCABLE, TRANSFERABLE, CONFIRMED DOCUMENTARY LETTER OF CREDIT TO THE SELLERS BANK AS PER FORMAT APPROVED BY SELLERS BANK, PROVIDING A COPY TO THE SELLERS OFFICE 6.WITHIN FIVE (5) BUSINESS DAYS FOLLOWING RECEIPT BY SELLER OF ACCEPTABLE L/C FROM BUYER (WHICH MAY BE NON-OPERATIVE), SELLER SHALL CAUSE ITS TOP *0 WORLD RANKED BANK TO ISSUE AN L/C AS PERFORMANCE GUARANTEE IN AN AMOUNT EQUAL TO TWO PERCENT (2%) OF BUYERS L/C. IF BUYERS L/C IS NON-OPERATIVE, IT SHALL BE ACTIVATED BY SELLERS L/C. 7.DELIVERY AND SHIPMENT COMMENCE AS PER THE TERMS AND CONDITIONS OF THE CONTRACT 8.UPON LOADING OF THE PRODUCT AT THE PORT OF LOADING, PAYMENT OF EVERY SHIPMENT VALUE SHALL BE MADE TO THE SELLER PURSUANT TO THE TERMS OF THE L/C. If you are a serious buyer or a mandate for a serious buyer please dont hesitate to contact us for a copy of our product specs. With response please include LOI or ICPO with full banking and soft plobe authorization.