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Showing posts with the label ICUMSA 45

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 ...

ICUMSA 45

PROCEDURES: ✓   Buyer   issues   LOI   with   Banking   Coordinates ✓   Seller   receives   LOI   and   issues   an   SCO   sends   to   buyer. ✓   Buyer   receives   SCO,   agrees,   signs   and   return   with   an   ICPO. ✓   Seller   receives   the   ICPO   accompanied   by   the   signed   SCO,   issues   an   FCO   and   forwards the   buyer. ✓   Buyer   receives   the   FCO,   agrees,   signs   and   returns   it   accompanied   by   BCL   "bank comfort   letter"   or   RWA. ✓   Seller   receives   the   signed   FCO   accompanied   by   the   BCL   or   RWA.,   Confirms   with   the   issuing bank   the ...