PROCEDURES #2:
1. The Buyer shall issue the ICPO/LOI and BCL to the Seller. Date on documents should not be more than 3 days old.
2. The Seller shall issue Full Corporate Offer to the Buyer.
3. The Buyer shall issue Confirmed and signed Full Corporate Offer to the Seller with acceptance letter on buyer’s letterhead.
4. The Seller shall issue Draft Contract on firm Terms and Conditions to the buyer.
5. The Buyer sign and return the Draft Contract to Seller.
6. Seller sends POP Copies to the buyer Buyers bank.
7. The Buyer's bank shall issue An-operative, transferable, divisible, confirmed, and automatically revolving with one month's shipment total value or other negotiated terms of payment.
8. All banking charges including confirmation from the Buyer's bank shall be borne by the buyer and all banking charges incurred by the Seller at Seller's bank shall be borne by the Seller.
9. Should any amendments to the DL/C be requested once the same had been issued, then the Party requesting the change will be responsible for the payment of the related costs, unless changes are needed to construct the instruments in compliance with the Agreement, then the costs shall be borne by the faulting Party.
10. SELLER issues 2% PB to activate buyer’s OPTIONAL PAYMENT contract. PERFORMANCE BOND (P/B)
11. Deliverance of goods, commence as agreed upon.
PROCEDURE#3:
1. BUYER ISSUES LOI OR ICPO TO THE SELLER (PDF FILE PREFERRED, WORD FORMAT UNACCEPTABLE)
2. SELLER ISSUES FCO TO THE BUYER'S.
3. BUYER SIGNS AND RETURNS FCO. (PDF FILE PREFERRED, WORD FORMAT UNACCEPTABLE)
4. SELLER ISSUES CONTRACT TO THE BUYER.
5. BUYER SIGNS CONTRACT AND RETURNS TO SELLER.
6. SELLER ISSUES "SOFT POP ".
7. BUYER CONFIRMS "SOFT POP ", THRU RUSSIAN EMBASSY IN BUYER'S COUNTRY.
8. INSURANCE COMPANY ISSUES LEGAL GUARANTEE, POLICY DOCUMENTS AND APPROVAL FROM RUSSIAN MINISTRY, TO THE BUYER, WITHIN 5 DAYS BUYER WILL DEPOSIT 1% OF THE FIRST SHIPMENT (NOT MONTHLY SHIPMENT) TO INSURANCE COMPANY (CLASS A++)
9. SELLER'S BANK ISSUES "FULL POP "AND 2% PB WITHIN 3 DAYS AFTER CONFIRMATION FROM INSURANCE COMPANY. AFTER ACCEPTANCE OF POP AND PB, BUYER ISSUES DLC FOR REMAINING PAYMENT (99%) OR WILL ISSUE THE DLC FOR FULL PAYMENT TO SELLER'S BANK.
10. BUYER WILL VISIT REFINERY, VIEWING OF LOADING OF THEIR PRODUCTS, AS WELL AS SIGNING HARD COPIES OF CONTRACT.
11. SHIPMENT COMMENCES AS PER LIFTNG SCHEDULE.
12. AFTER RECEIVING THE PRODUCT, INSURANCE CO WILL SEND BACK TO SELLER OR BUYER DIRECTLY (IF DLC HAS BEEN ISSUED FOR FULL PAYMENT).
-- If the buyer won't like to present capability to intermediaries, Do you accept to present capability directly to end seller? Most easy way is BUYER issue MT799 (RWL) DIRECTLY to SELLER BANK. The simple procedures are
0. --Intermediary sends Soft Offer to buyer --
1. Buyer submit full signed NCND and LOI/ICPO (without Bank Info or soft probe) to Intermediary
2. Seller issue acceptance letter with Seller Bank Info
3. Buyer submit MT799 from Buyer's bank to Seller's Bank
4. Seller issue SPA to buyer, sign and return
5.-... POP & MT103 & LC & PB & etc .... procedures
