GMG COMINT

PROCEDURES:
1. Buyer sends LOI. (Letter of Intent)
2. Seller issues FCO (Full Corporate Offer), Buyer sign e seal FCO and returns to Seller with the ICPO (Irrevocable Corporate Purchase Order)
3. Seller issues the SPA (Sales e Purchase Agrément) for the quantity of requestd at the value agreed between the Buyer and Seller.
4. Buyer completes and sign SPA (contract) and send it to the seller.
5. Seller will issue a Proforma Invoice for Buyer, Delivery will be CIF.
6. Payment Terms: LC MT 700 Irrevocable, confirmed, auto revolving letter of credit, payable at sight, delivered to Seller’s Bank via SWIFT MT 700
7. Buyer’s Bank will send draft MT 700 (Bank to Bank) via swift. Seller will send the required POP to the buyer during 5 working days. (If the buyer wants).
8. Seller counter-signs the contract and send it to the buyer. Buyer and Seller deposit contract on respective banks.
9. Both the Banks of the Seller and the Buyer agree the related LC.
10. Buyer’s Bank issue LC as payment terms as mentioned at point # 6
11. Seller’s bank confirms the authenticity of the related LC (Bank to Bank).
12. All the communication between the Bans of the Seller and the Buyer will only be via tested SWIFT, Email or Fax.
13. Buyer confirms that the said funds are good, clean, cleared, unencumbered, legitimately earned ando f non-criminal origin.
NOTE: The Seller will not issue or give any POP (Proof Of Products) to the Buyer before the buyer’s bank send draft LC as mentioned at point # 7.

for Export depends on the restrictions and quiet of ports.