Buyers Published date: September 11, 2014 Modified date: January 2, 2015

Dear Friends.

This should be good for any real seller and we shall close this deal. And do not adjust procedure

PLS SEE RUSSIAN OFFER OF PROCEDURES.IF YOU WORKING A REAL SOURCE A GOOD SELLER
FROM NIGERIA CAN ALSO HANDLE SHIPMENT.

INTERNATIONAL TRADING PROCEDURES

1. Buyer sends Irrevocable Corporate Purchase Order (ICPO) on its official company letterhead to the seller.
2. Seller issue draft contract, both parties sign and seal the present contract and exchange the copies electronically. The electronically exchanged copies will be legally binding until the hard copies are exchanged.
3. Seller present its Export permit/certificate, buyer also provides documentary details of its storage booking at unloading port. Upon confirmation of the buyer's document;
4. Seller Appoints a tested and reliable shipping company, Buyer sign the Charter Party Agreement (CPA)and makes payment for the chartered freight cost with the appointed shipping company for the transportation of the product to buyer's designated discharge port.
5. Seller sends copies of POP and shipping documents to buyer
· Copy of the charter party agreement to transport the product to discharge port
· Copy of shipping schedule document
. Product Analysis Report
. Certificate Of Origin.
. Bill of lading
. Tank Receipt.
. Certificate of product.
6. Buyer's bank sends the Irrevocable documentary Non transferable letter of credit issued by the buyer's bank to Seller's bank for the face value of the first whole month shipment.
7. Seller's bank sends through swift the original and full Proof of Product
(POP) documents along with the 2% operative performance bond to the Buyer's bank and the irrevocable documentary, transferable letter of credit issued by the Buyer's Bank on to the Seller's Bank will become immediately operative.
8. Seller's Bank will confirm to Seller and to Buyer that the Irrevocable Documentary Letter of Credit has been accepted and the shipping commences as scheduled in the contract for the CIF/FOB delivery.
9. Payment will be made for the product by the Buyer's Bank via T/T Mt 103 wire transfer to the Seller's Bank after the CIQ/SGS inspection at port of discharge and the delivery to the Buyer's Bank of all documents required by the contract .
10. Seller releases the commission of the intermediaries immediately.

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• Publisher: paul ifeonukwu
• Company Name: Paul
• Country: Nigeria

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