PROCEDURES

PROCEDURES

PROCEDURES

1.

1.

1.

The Buyer issues a Letter of Intent (LOI) or Irrevocable Corporate Purchase Order (ICPO) with CIS with complete corporate details and copy of the signatory's passport.

The Buyer issues a Letter of Intent (LOI) or Irrevocable Corporate Purchase Order (ICPO) with CIS with complete corporate details and copy of the signatory's passport.

The Buyer issues a Letter of Intent (LOI) or Irrevocable Corporate Purchase Order (ICPO) with CIS with complete corporate details and copy of the signatory's passport.

2.

2.

2.

The selle issues a full corporate offer (FCO).

The selle issues a full corporate offer (FCO).

The selle issues a full corporate offer (FCO).

3.

3.

3.

The buyer signs and seals the FCO page and returns it to the seller.

The buyer signs and seals the FCO page and returns it to the seller.

The buyer signs and seals the FCO page and returns it to the seller.

4.

4.

4.

The Seller issues a draft Sales Agreement (SPA) which will incorporate the full terms and conditions.

The Seller issues a draft Sales Agreement (SPA) which will incorporate the full terms and conditions.

The Seller issues a draft Sales Agreement (SPA) which will incorporate the full terms and conditions.

5.

5.

5.

Buyer signs and seals EVERY page of the SPA and returns it to Seller.

Buyer signs and seals EVERY page of the SPA and returns it to Seller.

Buyer signs and seals EVERY page of the SPA and returns it to Seller.

6.

6.

6.

The seller completes the SPA, signs it, seals it and issues a proforma invoice that is sent to the buyer.

The seller completes the SPA, signs it, seals it and issues a proforma invoice that is sent to the buyer.

The seller completes the SPA, signs it, seals it and issues a proforma invoice that is sent to the buyer.

7.

7.

7.

The buyer issues an SBLC Guarantee (MT760) in favor of the SELLER as a guarantee for shipments and prior to the shipment of the guarantee by Swift. The buyer will send a final draft to the seller for verification and approval (to avoid errors and unnecessary expenses).

The buyer issues an SBLC Guarantee (MT760) in favor of the SELLER as a guarantee for shipments and prior to the shipment of the guarantee by Swift. The buyer will send a final draft to the seller for verification and approval (to avoid errors and unnecessary expenses).

The buyer issues an SBLC Guarantee (MT760) in favor of the SELLER as a guarantee for shipments and prior to the shipment of the guarantee by Swift. The buyer will send a final draft to the seller for verification and approval (to avoid errors and unnecessary expenses).

8.

8.

8.

The seller's bank issues a performance guarantee (2%) within ten business days after confirmation by Swift MT760 of the SBLC sent to the seller's bank.

The seller's bank issues a performance guarantee (2%) within ten business days after confirmation by Swift MT760 of the SBLC sent to the seller's bank.

The seller's bank issues a performance guarantee (2%) within ten business days after confirmation by Swift MT760 of the SBLC sent to the seller's bank.

9.

9.

9.

After signing the contract, a visit to the warehouse where the merchandise is stored will proceed.

After signing the contract, a visit to the warehouse where the merchandise is stored will proceed.

After signing the contract, a visit to the warehouse where the merchandise is stored will proceed.

10.

10.

10.

Once the visit has been made and all the corresponding documentation has been shown, the buyer will be able to make the payment through MT103 and the withdrawal of the same will be scheduled.

Once the visit has been made and all the corresponding documentation has been shown, the buyer will be able to make the payment through MT103 and the withdrawal of the same will be scheduled.

Once the visit has been made and all the corresponding documentation has been shown, the buyer will be able to make the payment through MT103 and the withdrawal of the same will be scheduled.

11.

11.

11.

Subsequent Shipments within 20 business days following payment through MT 103 of the previous shipment.

Subsequent Shipments within 20 business days following payment through MT 103 of the previous shipment.

Subsequent Shipments within 20 business days following payment through MT 103 of the previous shipment.

12.

12.

12.

All original documents will be sent to the buyer bank through the seller bank FOR PAYMENT and the original package will be sent to the buyer via DHL or similar courier.

All original documents will be sent to the buyer bank through the seller bank FOR PAYMENT and the original package will be sent to the buyer via DHL or similar courier.

All original documents will be sent to the buyer bank through the seller bank FOR PAYMENT and the original package will be sent to the buyer via DHL or similar courier.

13.

13.

13.

Payment is made by the Buyer's bank to the Seller's bank immediately (Swift MT103) after the arrival of the shipment at the port of Miami FL. USA, where all shipping and nationalization documents will be delivered, and the audited report is provided by SGS at loading port, known and accepted by both companies as independent auditor/appraiser.

Payment is made by the Buyer's bank to the Seller's bank immediately (Swift MT103) after the arrival of the shipment at the port of Miami FL. USA, where all shipping and nationalization documents will be delivered, and the audited report is provided by SGS at loading port, known and accepted by both companies as independent auditor/appraiser.

Payment is made by the Buyer's bank to the Seller's bank immediately (Swift MT103) after the arrival of the shipment at the port of Miami FL. USA, where all shipping and nationalization documents will be delivered, and the audited report is provided by SGS at loading port, known and accepted by both companies as independent auditor/appraiser.

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