PROCESS
OF BUYING

1. The buyer submits a full ICPO (buyer’s passport,full Buyer’s bank details, CIS with trade licence).

2. The seller presents a draft contract (SPA) to the buyer.

3. Buyer and seller negotiate and endorse the final draft contract.

4. The seller verifies, signs, and returns the final contract to the buyer.

5. Both parties lodge the signed contract with their respective banks. The exchange of the contract with the buyer shall be by electronic transmission/fax or courier services.

6. The buyer and seller sign a Non-Circumvention, Non-Disclosure Agreement (NCNDA).

7. The buyer opens a Documentary Credit at Sight (DLC) MT 700 Or (SBLC MT760) and seller issue 2%PB to Buyer bank after confirming Buyer DLC or SBLC

8. The seller ships the goods as per the contract terms and presents all the required documents to the bank for payment.

9. The bank releases payment to the seller as per the terms of the (DLC) MT 700 Or (SBLC MT760) against shipping documents