Description

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1.  Buyer issues ICPO. ICPO shall include buyer bank details and the relevant Bank Capability Letter or alternatively, allowance for seller’s bank to make a soft probe into the said buyer’s account. This ICPO shall be addressed to the End Seller.  
2.   End Buyer Bank and End Seller Bank to communicate and agree on the format, verbiage of banking instruments as well as any other relevant banking requirements of both parties  
3.  Seller issues FULL CORPORATE OFFER (FCO) to the Buyer.  4.   Buyer signs FCO and return to Seller.  
5.   Seller provides Draft Contract open for amendments.  
6.   Buyer returns signed Draft Contract.  
7.   Where intermediaries or facilitators are involved, the NCNDA/ IMFPA will be required and Signed by parties involved.  
8.   Seller issues original contract for final signatory, both parties Exchange Hard Copies of contract via Courier Service.  
9.   Seller issues full Proof of Product (POP) to buyer.  
*0.   Buyer’s bank issues a Non Transferable IrrevocableStandby Letter of Credit (SBLC) issued at the face value of one month’s purchase value and valid for the entire contract duration of fourteen (*4) months. Followed by twelve (*2) monthly Irrevocable Documentary Letter of Credit (IDLC) plus one month as stated in the SBLC issued. The SBLC and IDLC shall be issued from a top *5 world prime bank. All these to be transacted through bank to bank basis.  
*1.   Seller issues 2% PB to activate buyer’s letter of credit or other acceptable means of payment as agreed on contract.  
*2.   Upon completion and verification of all documents, Shipment commences.  
*3.   The Mandates, Brokers, Agents and intermediaries are paid as executed Agreements.

~ OR ~

just make sure who the buyer is and make sure the buyer has the money, then let the banks make communicate with each other...

how's that?