1. Buyer issues the following documents. - ICPO with seller working commercial procedure - Buyer’s company registration certificate. - Buyer's passport copy 2. Seller issues sales purchase agreement (SPA) to Buyer, Buyer reviews, amends (if necessary), signs and return the sales purchase agreement (SPA) to seller for countersigning along with customer information sheet (CIS). 3. Seller gives Partial proof of products (PPOP) documents to buyer. - Pipeline Shipment Bill of Lading (Trackable) showing present location of product. - Product Quality and Quantity report issued by the Pipeline Company to affirm reception of product quality/quantity at the Pipeline facility. - Product Quality and Quantity Analysis report issued from the Refinery Laboratory. - Commitment to Supply and Statement of availability of product - Commercial invoice of 3% commitment guarantee (USD, RMB, HK Dollar payment options available) 4. Within 5 banking days, Buyer pays invoice of 3% security guarantee to s...
It's About All Out of Everything