» Procedures

1. Buyer issue ICPO with Authorization for banking Soft Probe +NCND/IMFPA and Buyer should send copy of passport via e-mail, fax or courier;
2. Seller issues FCO;
3. Buyer signs, seals and returns the FCO + BCL;
4. Seller issues Draft Contract in favour of the buyer;
5. Buyer signs, stamps and sends via email in Word format;
6. Seller signs, stamps and sends via email the electronic contract in favour of the buyer – the electronic contract copy will be deemed Legal;
7. Buyer opens Non-operative financial instruments (LC and BG) within five (05) banking days as agreed in the contract to the seller’s bank.
8. Seller’s Bank sends within five (05) banking days POP and PB (2%) of value to the buyer’s bank to activate the financial instruments (LC and BG);
9. Shipments start as agreed within 30 to 45 days after the financial instruments are opened from the buyer’s bank to seller’s bank.