We will help you at every step during your entire Sales/ Purchase journey.
Buyer sends us Letter of Intent with Product Requirement and Specification with Quantity, Delivery, Target Price etc.
Seller or his Mandate sends the Full Corporate Offer with product and its Specification, Delivery, Price, Payment Terms, Product Specification, Sales Procedure etc. Buyer returns with Seal & Signature as approval.
Buyer Sends Irrevocable Corporate Purchase Order to Seller with additional information about Company Profile and Passport copies Buyer & Representative visiting the Seller. Buyer obtains Bank Conformity Letter (BCL) as Proof of Funds and sends to seller.
A Sale and Purchase Agreement (SPA) is a legal contract that binds a seller and a buyer to sell and purchase the product on the agreed-upon terms. Seller also enters into NCNDA which is also signed by both the Parties along with Proforma Invoice.
ICPO, BCL, PI, SPA & NCNDA are submitted by Buyer in the Bank and obtains Draft Documentary Letter of Credit (DLC) and sends to Seller who obtains approval from his Banks. Based on the approval final DLC is obtained by Buyer and sent to Seller’s Bank.
Seller’s bank receives the DLC and approves it. Seller arranges delivery of Cargo on the vessel and submits Delivery Documents and obtains payment from the Bank. On arrival of the Cargo at the Delivery Port, Buyer arranges Customs Clearance and take Delivery of Cargo.