PROCESS
OF BUYING

1. Buyer issues ICPO with Company Profile and End Buyer Passport Copy, Company’s registration Copy.

2. Seller issues Draft Contract for buyer open for amendment and sign, and send back to seller within 3 working days.

3. Seller registers and legalizes the draft contract with the Russian Ministry through the Seller Legal Law-Firm, on Seller’s cost and sends registered and legalized Contract with partial POP documents to Buyer via Email as lists below. - Certificate of Origin of the product.

- Company Registration.

-Export License. 

-Seller Commitment Letter to Supply. 

-Commercial Invoice (CI). 

-Seller representative passport copy.

4. In receipt and confirmation of the above partial POP documents, the Buyer issues the agreed Irrevocable, Transferable, or Non-Transferable, Operative SBLC-MT760 or DLC MT700, from top 50 rated banks equivalent to monthly invoice value as a guarantee of payment. IF BUYER FAILS 3 to issue –SBLC MT760 or DLC-MT700 within 7 working days, in alternative, buyer shall make guarantee deposit of 5% MT103/TT Wire Transfer of total value of the Monthly shipment to seller’s nominated fiduciary bank account as performance to secure the allocation, which will be deducted from the first shipment.

5. Seller swift 2% PB to buyer’s bank along with full POP with shipping documents as lists below via bank to bank and Email, as the loading commence immediately. 

-Government ATPCC approval. 

-Certificate of Quality & Quantity of Product. 

-Bill of Lading. 

-Vessel Q88 Document / Train. 

-E.T.A. (Estimated Time of Arrival) Of Vessel. 

-Vessel (N.O.R) Notice of Readiness. 

-Train/Cargo Manifest. 

-Fresh SGS 

-NCNDA/IMFPA Endorsement via Seller Bank. 

-CPA.

6. Within 3~5 banking days of the Vessel arrival at Buyer Destination Port, Buyer makes payment to Seller via TT/MT103 upon receipt of the Shipping Documents from the captain and confirmation of the Q&Q by SGS/CIQ at the Destination Port.

7. Seller release commission payment to all intermediaries (parties) involve in this transaction in accordance to the signed NCNDA IMFPA within 48 hours of receipt full payment of the product from the buyer.