Seller’s Transaction Procedure Terms & Conditions
To initiate the transaction, an official signed and sealed END BUYER’S LOI (PDF) is required. Please see below our mandatory transaction procedure terms & conditions. The Procedure Terms & Conditions below are “Mandatory and Non-Negotiable”
- End Buyer issues official ICPO / LOI- Seller issues Official FCO to end buyer.
- FCO counter signing and sealing by Buyer together with a copy of the BUYERS passport and original Company Registration Certificate.
- Seller sets up the SPA Draft for the BUYEER’S final review, to be signed & sealed and it shall comply with “Allocation Security Deposit” terms.
- SPA is counter-signed by the SELLER.
- SELLER issues Official Commercial Invoice.
- BUYER issues MT705 Pre-Advice (BUYER can also choose to directly issue the MT700) and move directly to the shipment stage.
- SELLER grants Inspection & Full POP exchange including SGS, etc.
- BUYER issues MT700.
- SELLER issues PBG (20% against Buyers LC).
- SELLER starts shipment delivery TEN (10) working days after the full confirmation of the MT700 by the SELLER’S bank.
