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1. Seller issues SCO for evaluation.
2. Buyer
issues ICPO with BCL or RWA
+ SOFT PROBE or LETTER
OF SOFT PROBE or
Bank Statement including complete company
details.
3. Seller issues FCO (Buyer Endorsement).
4. Buyer signs, seals and returns the FCO with the
Acceptance Letter to the Seller.
5. Seller issues the Draft Contract, open for any
amendment (Buyer Signs, Seals and returns
it&
All Parties sign into NCNDA).
6. Seller sends final / approved contract to Buyer and
both Seller and Buyer will Lodge with respective
banks.
7. Buyer’s
bank will establish the Pre-Advise
DLC(MT**9) in
the agreed format in favor of the Seller lodged in the
seller's bank.
8. The
Seller Bank within 7 ( Seven ) banking days will
provide to the Buyer's Bank the confirmation of
possessing of Proof of Product (POP) issued to the name
of the Seller, and readiness to issue 2% Performance
Bond (PB) Guarantee.
9. The
Buyer issue the Non-operative RDLC/DLC in the agreed
format in favor of the Seller lodged in the seller's
bank.
*0. The
Seller’s bank in 7 (Seven) banking days after receipt
of Non-operative DLC, provides the full POP documents
issued to the name of the Buyer and 2% Performance Bond
(P.B), for adequate to DLC’s period, which
automatically activates the Buyer's DLC.
*1. The
Seller informs the Buyer, about the readiness for
Shipment of monthly consignment.
*2. The
Seller undertakes shipment in accordance with the
Contract terms..
*3.
Shipping and Delivery commences as per the agreed
contract.
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