In order to minimize misunderstandings and enable us to furnish a quick and proper quote, please ensure that the following information is provided when a quotation is requested:
a) Exact form of payment: i.e. FFSBLC, FFDLC, BG, Automatic Revolving LC, etc.
b) Whether LC will be transferable and issued or confirmed by a top 25 World Prime Bank.

The following information is requested for quotation purposes:
- Product / Commodity type with exact specifications
- Total order quantity
- Requested packaging
- Destination (unloading port / airport)
- Shipments (delivery schedule)

DOCUMENTARY PROCEDURES

1 - BUYER sends LOI (letter of Intent) + BCL (Bank Comfort Letter) or LOI with bank details with end buyer´s letterhead and authorization for the SELLER to conduct a Soft Probe

2 - SELLER sends FCO (Full Corporate Offer) in favor of the BUYER

3 - BUYER returns FCO signed and stamped accepting price and terms of sale and issues ICPO (Irrevocable Confirmed Purchase Order)

4 - SELLER approves and sends the draft contract

5 - BUYER approves, signs, returns the contract and sends a draft copy of the LC from a top 25 World Bank

6 - POP (Proof of Products) and POF (Proof of Funds) are exchanged bank-to-bank

7 - BUYER emits a non operative LC

8 - SELLER emits 2% PB (Performance Bond)

9 - Shipments commence as per contract


IMPORTANT:

LOI must be issued by the END BUYER (not intermediaries)
BCL must be issued by the END BUYER´s bank and can be sent either via e-mail or via swift to the SELLER´s bank