Needing D2 JP54
1. Seller/Buyer conference call. Price and Procedures confirmed.
2. Seller sends commercial invoice to Buyer for product ready for purchase (may be FOB Tank in Novo).
4. Buyer signs, seals and returns commercial invoice.
5. Seller sends recent SGS (if available), tank receipt and dip test authorization (IPOP).
6. After Dip Test, and IPOP validation, Buyer sends MT-103 to Seller Bank (major world bank) against full POP and transfer of title to deliverable product.
7. Sellers bank provides full POP and transfer of title to the buyer name.
8. Buyer takes possession of product and moves it in reasonable time.
ALTERNATIVELY Contract with First Delivery as SPOT:
PROCEDURE:
1. Seller/Buyer conference call.
2. Seller/Buyer agree on and sign SPA.
3. Seller sends first commercial invoice to Buyer for product ready for delivery (may be FOB Tank in Novo).
4. Buyer signs, seals and returns commercial invoice.
5. Seller sends IPOP. (See above)
6. After Dip Test, and IPOP validation, Buyer sends MT-103 to Seller Bank (major world bank) against full POP and transfer of title to deliverable product.
7. Seller transfers the title to the buyer name.
8. Buyer submits RDLC as security for subsequent deliveries based on standard per delivery quantity.
9. Seller provides performance bond = to 2% of RDLC face amount.
10. RDLC and Performance bond activated.
11. Subsequent deliveries commence repeating same procedure as 3, 4, 5, 6, and 7, above for each delivery.
Would require a FCO on seller letterhead for consideration. I look forward to conducting business with you in the near future
1. Seller/Buyer conference call. Price and Procedures confirmed.
2. Seller sends commercial invoice to Buyer for product ready for purchase (may be FOB Tank in Novo).
4. Buyer signs, seals and returns commercial invoice.
5. Seller sends recent SGS (if available), tank receipt and dip test authorization (IPOP).
6. After Dip Test, and IPOP validation, Buyer sends MT-103 to Seller Bank (major world bank) against full POP and transfer of title to deliverable product.
7. Sellers bank provides full POP and transfer of title to the buyer name.
8. Buyer takes possession of product and moves it in reasonable time.
ALTERNATIVELY Contract with First Delivery as SPOT:
PROCEDURE:
1. Seller/Buyer conference call.
2. Seller/Buyer agree on and sign SPA.
3. Seller sends first commercial invoice to Buyer for product ready for delivery (may be FOB Tank in Novo).
4. Buyer signs, seals and returns commercial invoice.
5. Seller sends IPOP. (See above)
6. After Dip Test, and IPOP validation, Buyer sends MT-103 to Seller Bank (major world bank) against full POP and transfer of title to deliverable product.
7. Seller transfers the title to the buyer name.
8. Buyer submits RDLC as security for subsequent deliveries based on standard per delivery quantity.
9. Seller provides performance bond = to 2% of RDLC face amount.
10. RDLC and Performance bond activated.
11. Subsequent deliveries commence repeating same procedure as 3, 4, 5, 6, and 7, above for each delivery.
Would require a FCO on seller letterhead for consideration. I look forward to conducting business with you in the near future
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