Seller Procedures

Seller procedures for SBLC

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 & Seller lodge their SPA with their respective banks as mutually agreed in their banks.
8. The Buyer sends draft SBLC to Seller for final approval

9. After approval of the draft SBLC the Buyer sends MT799 to financier bank within 5 banking days
10. The seller financier bank sends RWA to buyer bank within 2 to 3 banking days
11. After approval of RWA the buyer open SBLC MT 760 to Seller financier account within 7 banking days
12. After acceptance of the SBLC the Seller open 2% PB to buyer account within 7-10 banking 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 banking 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 banking days
8. The Seller open 2% PB to buyer account within 10-14 banking 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 business days via MT103 (NOT MT 1103) (to) Seller bank account
Any kind of proof or past record strictly prohibited. Factory visit strictly prohibited. Loading port visit can be allowed.