- BUYER SENDS TO SELLER ICPO/LOI + BCL
- SELLER ISSUES SOFT CORPORATE OFFER (SCO) TO BUYER
- BUYER SIGNS AND RETURNS TO SELLER SCO WITH BCL AND IRREVOCABLE CORPORATE PURCHASE ORDER
- SELLER ISSUED FULL CORPORATE OFFER ( FCO ) AND SENDS TO BUYER
- BUYER ACCEPTS THIS FCO AND RETURNS TO SELLER DULY SIGNED AND SEALED
- SELLER ISSUES THE DRAFT CONTRACT OPEN FOR AMENDMENTS TOGETHER WITH THE RWA VERBIAGE (READY-WILLING-ABLE) FOR COMPLETION BY SELLER
- BUYER RETURNS THE SIGNED DRAFT CONTRACT – IN WORD FORMAT – WITH THE BANKING DETAILS OF BUYER AND THE AMENDMENTS – IF ANY – WITHIN 72 HOURS TOGETHER WITH THE RWA VERBIAGE ( READY – WILLING – ABLE ) DULY FILLED-IN AND SIGNED
- SELLER SHALL VERIFY AND IF ACCEPTED SHALL ISSUES FINAL CONTRACT TO BUYER, BOTH PARTIES LODGE SIGNED CONTRACT WITH THEIR RESPECTIVE BANKS.
- WITHIN 5 (FIVE) CALENDAR DAYS UPON CONTRACT SIGNATURE, BUYER’S BANK SENDS THE FINANCIAL INSTRUMENT AS PER CONTRACTUAL AGREEMENT ( BY MT/700 IRREVOCABLE DOCUMENTARY LETTER OF CREDIT OR ANY OTHER INSTRUMENT) TO SELLER’S BANK
- SELLER’S BANK WITHIN 10 (TEN) WORKING DAYS SHALL CHECK THE FINANCIAL INSTRUMENT PROVIDED BY BUYER-BANK AND IF ACCEPTABLE SHALL PROVIDE THE 2 (TWO) % PERFORMANCE BANK – IF APPLICABLE AND SENDS IT TO BUYER BANK
- SHIPMENT COMMENCE ACCORDING TO THE CONTRACT
![](https://abakus-globaltrade.com/wp-content/uploads/2021/10/corporate-2-img-4-opt.png 180w, https://abakus-globaltrade.com/wp-content/uploads/2021/10/corporate-2-img-4-opt-150x167.png 150w)
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