Conditions for Trade, in case if you want to tie with us!

SELLER :
1. Buyer issues to Seller the LOI ( Letter of Intent) & BCL ( Bank Comfort Letter)
2. Seller issues a formal FCO ( Full Corporate offer)
3. Buyer sends the signed FCO to seller by fax/email
4. Seller then issues a contract with full banking details
5. Buyer faxes/emails the signed contract to Seller. Hard copies will be exchanged by courier.
6. All intermediaries & their commissions will be protected with a NCND ( non-circumvention non-disclosure ) agreement & FPA ( Fee Protection) agreement
7. Buyer then opens the Letter of Credit ( L/C)
8. Seller then posts a 2% Performance Bond ( PB) for the total contract value, which in turn activates the L/C
9. Shipments commences as per contract method of payment agreed upon in favor of the Seller.

BUYER :
1. Buyer issues LOI & provides BCL to Seller
2. Seller issues FCO & Contract
3. Both parties sign contract
4. Within the next 3 banking days, Buyer puts deposit 20% * (* - you may place a conditional BG as a deposit or place the funds with a 3rd party lawyer)
5. Seller accompanies Buyer to stockyard at the port for site inspection & port facilities inspection
6. Loading commences immediately, witness by Buyer & SGS surveyor.
7. After loading, Seller presents BL & SGS reports to Buyer via bank.
8. Buyer TT the balance to Seller
9. The vessel is allowed to leave the harbor for destination port once the fund is cleared.