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Sales Procedure

Our Standard Sales Procedure

No. of Days

Buyer Sends LOIBuyer sends us Letter of Intent with Product Requirement and Specification with Quantity, Delivery, Target Price etc. 1 Working Day

Seller Sends FCOSeller 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. 2 Working Days

Buyer Sends ICPOBuyer Sends Irrevocable Corporate Purchase Order to Seller with additional information about Company Profile, his Bank Details and Passport copies of Buyer & Representative visiting the Seller. Buyer obtains Bank Conformity Letter (BCL) as Proof of Funds and sends to seller.3 Working Days

Seller Sends NCNDA, PI & SPAA 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.3 Working Days

Buyer Sends LCICPO, 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.5 Working Days

Seller Dispatches CargoSeller’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.4-6 Weeks

International Commercial Agency for connecting Buyers and Sellers of Bulk Agro-Commodities in Global Market

USA Office:

India Office:

Trade Notices:

  1. Wheat Export Ban Notification – Min. of Commerce, GOI
  2. Export Policy of Rice – Min. of Commerce, GOI