Seller Accepted Bank Verbiage

Seller procedures for SBLC of Sugar

1. The Buyer sends LOI
2. The Seller sends to Buyer FCO
3. The Buyer sign and revert Full Corporate offer (FCO) to Seller along with ICPO & CIS
4. The Seller sends Draft Sales Purchase Agreement (SPA) to Buyer.
5. The Buyer review and revert signed SPA to Seller along with SBLC verbiage
6. The Seller review and if acceptable sign and revert to Buyer along with Proforma Invoice
7. Buyer and Seller lodge SPA respective banks as mutually agreed in the contract
8. The Buyer sends draft SHLC to seller for final approval

9. After approval of the draft SBLC the buyer sends MT799 to financier bank within 5 days.
10. The seller financier bank sends RWA to buyer bank within 2-3 days
11. After approval of RWA the buyer open SBLC MT 760 to seller financier account within 7 days
12. After acceptance of the SBLC the seller open 2% PB to buyer account within 7-10 days.
13. Seller start the process and will be completed the shipment within the stipulated period as mutually agreed in the SPA.
14. Buyer will release 100% payment at loading port within 2 days via MT 103 to seller bank account.

1. The Buyer sends LOI
2. The Seller sends FCO to Buyer
3. The Buyer sign and revert Full Corporate offer (FCO) to Seller along with ICPO & CIS
4 The Seller sends Draft Sales Purchase Agreement (SPA) to Buyer along with DLC Verbiage
5. The Buyer review and revert signed SPA to Seller
6. The Seller review and it acceptable sign and revert to Buyer along with Proforma Invoice

7. After approval of the draft DLC the buyer sends DLC MT700 to seller Financier bank account within 5 days
8. The seller open 2% PB to buyer account within 10-14 days
9. Selles start the process and will be completed the shipment within the stipulated period as mutually agreed in the SPA
10. Buyer will release 100% payment at destination port after inspection within 3 days via MT 1103 seller bank account
Any kind of proof /past record strictly prohibited Factory visit strictly prohibited, loading port visit can be allowed.