ICPO / LOI & FCO
End Buyer issues official ICPO / LOI; Seller issues Official FCO to the end buyer.
TRANSACTION PROCESS
DEFINED TERMS.
CLEAR EXECUTION.
Seller’s Transaction Procedure Terms & Conditions
To initiate a transaction, an official signed and sealed End Buyer’s LOI in PDF format is required. The following procedure is mandatory and non-negotiable.
Buyer Documentation
Buyer counter-signs and seals the FCO with a passport copy and original Company Registration Certificate.
SPA Draft
Seller prepares the SPA draft for the Buyer’s final review, signature and seal.
Seller Counter-Signature
The SPA is counter-signed by the Seller.
Commercial Invoice
Seller issues the Official Commercial Invoice.
MT705 Pre-Advice
Buyer issues MT705 Pre-Advice, or proceeds directly with MT700 and moves to the shipment stage.
Inspection & POP
Seller grants inspection and full POP exchange, including SGS documentation.
MT700
Buyer issues MT700.
Performance Bond Guarantee
Seller issues PBG of 20% against the Buyer’s LC.
Shipment
Seller starts shipment delivery ten working days after full MT700 confirmation by the Seller’s bank.