Common Steps
Every deal to be considered has to start with the following common steps. Some brokers say that this have no sense and we go to contract directly etc. NO, we don't accept. These common steps have a simple objective which is to filter serious and ready end-buyers from intermediaries or brokers that are involved in chains without direct access to an end-buyer. We are ready to provide soft offer upon request. we just ask you to fill our Client Information Form.
1 Buyer issues ICPO with soft probe or BCL
(soft probe is acceptable only for prime banks)
2 Seller issues draft contract
3 Buyer and seller agree and sign the final contract
For Payment By SWIFT MT103
This payment method is less expensive then payment by Normal LC. In addition, this payment method is quicker then the normal LC while there is much less content negotiations between banks.
4 Buyers bank issues RWA (Ready, Willing and Able) via swift MT799
5 Seller issues non operative Corporate Performance Bond.
6 Buyer issues MT103
7 CPB becomes operative.
8 Shipment starts
For Other Payment Methods
Documentary Letter of Credit can be accepted too but it's proposed in case by case. Actually we don't want to go for such payment method but you can contact us for detailed steps and procedure if you are not able to proceed by payment with SWIFT MT103. In general case it can be as per the following:
4 Buyer issues non operative FFRDLC (Irrevocable and Confirmed Fully Funded Transferable Auto Revolving Documentary Letter of Credit)
5 Sellers bank issues bank performance bond + proof of product for the equivalent quantity
6 FFRDLC becomes operative.
7 Shipment starts
Meetings in seller's offices:
We accept to receive End-buyers in seller's offices but after reception of Swift RWA via MT799 or BCL. Why? we don't allow TTM to brokers for evident reasons.
Please contact us for your questions if any.
