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PROCEDURE ICUMSA 45

  1. B uyer send LOI together with a Bank Confirmation Letter (BCL) or ICPO   addressed to Seller with BCL banking details addressed to Seller, on buyer’s official company letterhead with letter of acknowledgment, scanned copies of the buyer’s company registration and international passport of the authorized representative sign company stamp plus the BCL.   2.  Seller Issues FCO   once the Seller receives the LOI   together with   BCL.   3.  Buyer signs and stamps the FCO plus buyer ICPO and returns to seller and Seller will issues Draft Contract / Draft Sales & Purchase Agreement (SPA Open for amendments),  Seller shall issue the Sales and Purchase agreement (SPA) to the buyer. 4.  Buyer signs, stamps, and returns the SPA.   5.   Seller will registers and legalize the contract officially with the appropriate authority BRAZIL MILL to facilitate the booking of allocation and securing a legitimate approval for the transfer of ownership title/all

Private Equity

Our private equity (PE) practice can help you manage every stage of your investment or divestiture in Malaysia. We represent venture capital, PE funds, sovereign wealth funds, institutional investors, strategic investors, portfolio companies and management teams. We advise on a full spectrum of PE-related activity, including various aspects of venture capital and private equity transactions, ranging from a review of various business matters (such as securities, environmental processes, intellectual property, employment, tax) to due diligence, preparation and negotiation of documentation, compliance with regulatory requirements and all other ancillary matters. We offer practical advice on establishing operations, setting up funds, spin-offs, management buyouts and buy-ins, acquisition financing and various forms of PE investment and divestment transactions. We can help with exit strategies, including trade sales, offerings and IPOs. We merge our capacities with our client’s deal executi

Merger & Acquisition

Our merger and acquisition (M&A) practice helps clients address challenges at all phases of a transaction with sophisticated and comprehensive advice. We work closely with colleagues from our corporate, securities, intellectual property, employment and tax practices to ensure compliance with regulatory requirements. We provide services to effectively structure, confidently negotiate and execute transactions, providing comprehensive support before and after deal execution. Our lawyers are active and experienced in a wide range of areas, including public company takeovers, IPOs, rights issues, restricted issues, private placements, offers of sale and share swaps. We frequently collaborate with and are consulted by regulators, particularly in relation to submissions to the Securities Commission and Bank Negara Malaysia. As a member firm of Baker McKenzie, we are one of the world’s most active transactional firms, acting for public and private companies on a wide range of deals — inclu

FOB DIP & PAY DEPOSIT 5% 01062024

 FOB TRANSACTING PROCEDURE DIP&PAY TTV 1.BUYER SHALL ISSUE ICPO WITH SELLER FOB TRANSACTIONS PROCEDURE. SELLER ISSUE SPA & CI AFTER RECEIVING ICPO FROM BUYER. 2.SELLER TO GIVE INVITATION LETTER WITHIN 48 HOUR FOR BUYER TO DO DIP TEST AT THE STORAGE FACILITY AT PENGERANG TERMINAL, MALAYSIA. SHOULD THE SPECIFICATIONS ARE WITHIN RANGE AS OF THIS SPA, BUYER IS TO PROCEED WITH THE DEAL. IF THE BUYER DECIDE TO NOT GO THROUGH WITH THIS AN AGREEMENT AFTER SUCCESSFUL DIP TEST AND THE RESULT IS SATISFACTORY, THE BUYER IS LIABLE TO PAY THE SELLER 10% OF TOTAL OF THE CARGO AS PENALTY. SHOULD THE SPECIFICATIONS ARE NOT WITHIN RANGE AS OF THIS SPA, THE SELLER WILL FULLY REFUND THE COST BORNE BY THE BUYER FOR THE DIP TEST. TO THE BUYER’S BANK ACCOUNT WITHIN (72) HOURS. 3.SHOULD THE BUYER DECIDED TO TERMINATE THIS AGREEMENT AT ANY POINT OF TIME AFTER COLLECTION OF OIL SAMPLE OR THE DIP TEST IS DONE WITH THE CARGO SPECIFICATION IS WITHIN THE RANGE INDICATED IN THIS AGREEMENT, THE BUYER HAS TO P

PROCEDURE DIP & PAY - 29052024

FOB PROCEDURE DIP&PAY TTV ( DEPOSIT 5% REQUIRED) 1. BUYER SHALL ISSUE ICPO WITH SELLER FOB TRANSACTIONS PROCEDURE. SELLER ISSUE SPA & CI AFTER RECEIVING ICPO FROM BUYER. 2. SELLER TO GIVE INVITATION LETTER WITHIN 48 HOUR FOR BUYER TO DO DIP TEST AT THE STORAGE FACILITY AT PENGERANG TERMINAL, MALAYSIA. SHOULD THE SPECIFICATIONS ARE WITHIN RANGE AS OF THIS SPA, BUYER IS TO PROCEED WITH THE DEAL. IF THE BUYER DECIDE TO NOT GO THROUGH WITH THIS AN AGREEMENT AFTER SUCCESSFUL DIP TEST AND THE RESULT IS SATISFACTORY, THE BUYER IS LIABLE TO PAY THE SELLER 10% OF TOTAL OF THE CARGO AS PENALTY. SHOULD THE SPECIFICATIONS ARE NOT WITHIN RANGE AS OF THIS SPA, THE SELLER WILL FULLY REFUND THE COST BORNE BY THE BUYER FOR THE DIP TEST. TO THE BUYER’S BANK ACCOUNT WITHIN (72) HOURS. 3. SHOULD THE BUYER DECIDED TO TERMINATE THIS AGREEMENT AT ANY POINT OF TIME AFTER COLLECTION OF OIL SAMPLE OR THE DIP TEST IS DONE WITH THE CARGO SPECIFICATION IS WITHIN THE RANGE INDICATED IN THIS AGREEMENT, THE B

PROCEDURE SHIP-TO SHIP (STS) - 28052024

1) Buyer issues Purchase Order upon receipt in acceptance of seller’s verbal offer, attach with Buyer’s company registration certificate, copy of passport and banking account details. 2) Seller issues Sale & Purchase Agreement (SPA) and Proforma Commercial Invoice (PCI) for buyer to counter signed and revert to Seller. 3) Seller sends the below Partial POP Documents to buyer as listed below: a) Certificate of Origin. b) Commitment to Supply. c) Product Passport d) Statement of Availability of the product. e) Certificate of Incorporation 4) Buyer issues their Financial Guarantee by Irrevocable & transferable (SBLC-760 or DLC-700) to cover for one shipment to seller’s bank within 14 working days. 5) If buyer fails to issue irrevocable transferable (SBLC-760 or DLC-700) in 14 working days, in alternative, buyer shall make guarantee Deposit of 2% by TT Wire for 1 shipment value to seller’s fiduciary bank account as performance bond to secure the allocation which will be deducted fr