BUSINESS PROCEDURES
  
SALES PROCEDURES: (Only FOB, CIF ASWP deliveries) .
1. Buyer issue LOI/ICPO with request specification, quantity, and shipment's lot's, port of destination, time of delivery, terms of payment and all other details. 
2. Seller sends FCO signed and sealed. 
3. Seller send draft contract and confirms procedure. 
4. Buyer comments on the draft contract and sign after seller accept the comments. 
5. If necessary Buyer or its representative arrives to the yard for product inspection. 
6. Seller and Buyer exchange sign and seal hard copies of the contract in (3) Copies 
7. Buyer issues payment instrument, Standby Letter of credit (SBLC) or Blocked Funds MT799 in favor of Seller for the contracted value. 
8. Seller arranges logistics in terms of delivering the materials to the seaport and shipping of the materials to the buyer's destination. 


OTHER CONSIDERATIONS

A. Terms and conditions are negotiable 
B. Offer Validity Seven (7) Business days From Date of Issued And Will Be cancelled In Case of Delay in intiating Transaction
C. All Past Performance Are Avialable For Presentation Only At Seller's Office
  

1. PAYMENT TERMS: ((T/T (MT103), SBLC (MT760) BLOCKED FUNDS (MT799)). 
PAYMENT WILL BE RELEASED AGAINST SHIPPING AND REVELANT DOCUMENTS STATED IN CLAUSE NO. 2 BELOW.
 
2. PRODUCT DOCUMENTATION PER LIFT: (Only FOB, CIF ASWP deliveries).No PERSONAL BOND.
 
A. 3/3 SET OF BILL OF LADING, “CLEAN ON BOARD” AND MARKED “FREIGHT PREPAID” (3 ORIGINALS + 3 COPIES).
B. CERTIFICATE OF WEIGHT & QUANTITY ISSUED BY APPROPRIATE OR COMPATIBLE AUTHORITY. THIS AUTHORITY MUST BE CIQ .
C. CERTIFICATE OF ORIGIN, ISSUED BY THE CHAMBER OF COMMERCE OF THE COUNTRY OF ORIGIN.
D. SIGNED COMMERCIAL INVOICE ISSUED IN 03 ORIGINAL AND 03 COPIES SHOWING COMMODITY, WEIGHT, QUANTITY, UNIT PRICE, AMOUNT, CONTRACT NUMBER AND INVOICE NUMBER.
E. PACKING LIST WITH INDICATION OF TOTAL GROSS WEIGHT AND TOTAL NET WEIGHT OF SHIPPED GOODS IN 03 ORIGINAL AND 03 COPIES.
F. CONFIRMATION LETTER ISSUED BY THE SELLER ADVISING THE SHIPMENT PARTICULARS INCLUDING B/L NUMBER AND DATE, QUANTITY SHIPPED AND TOTAL VALUE, VESSEL’NAME, AGE AND FLAGS, ETD LOADING PORT AND ETA DISCHARGING PORT, ETC.
G. COURIER RECEIPT IN WHICH PROVED THAT ONE SET OF SHIPPING DOCUMENTS IN ORIGIN HAS BEEN SENT DIRECTLY TO BUYER’S OFFICE.
H. A BRIEF PROTOCOL SIGNED BY THE BUYER’S REPRESENTATIVE AND THE SELLLER [OR HIS REPRESENTATIVE] AT THE LOADING SIGHT IN WHICH THE BUYER’S REPRESENTATIVE AND THE SELLER BOTH CONFIRM THEY PERSONALLY SAW THAT THE PRODUCT WAS LOADED. THIS DOCUMENT WOULD BE BROUGHT BY THE BUYER’S REPRESENTATIVE AT HIS VISITATION OF THE LOADING SIGHT WHILE THE PRODUCT IS BEING LOADED.
If The buyer need to test the goods two times more, One time in factory , other one at loading , The buyer need to bear the test cost .
ALL ORIGINAL DOCUMENTS, SHOWED IN THIS ARTICLE #12, SUPPLIER SEND TO BUYER ONLY AFTER BUYER EXECUTED POINT “A”. OF PAYMENT TERMS -POINT 1..
 
3. PRODUCT INSURANCE: (Only CIF ASWP deliveries).No PERSONAL BOND .
 
THE SELLER SHALL PROVIDE INSURANCE COVERAGE OF 110% FOR THE VALUE OF EACH SHIPMENT AT SELLER’S SOLE EXPENSE AND RESPONSIBILITY, IF BUYER REQUESTS IT (IF USED “CIF” TERMS).
 
4. DEMURRAGE:
AT THE LOADING PORT IT IS ON SELLER’S ACCOUNT. AT THE DISCHARGE PORT SELLER PROVIDE 9 DAYS FREE TIME FOR DEMMURAGE FOR BUYER.
 
5. IMPORT FACILITIES, DOCUMENTS, TAXES AND FEES:
 
ALL TAXES OR LEVIES IMPOSED BY THE COUNTRY OF DESTINATION HAVING ANY EFFECT ON CONTRACT ARE ON THE BUYER’S ACCOUNT AND HIS SOLE RESPONSIBILITY.
 
BUYER MUST HAVE ALL IMPORT PERMISSIONS AND PERMITS IN WRITING, AND COPY SENT TO SELLER.
 
BUYER BEARS THE SOLE RESPONSIBILITY OF SECURING ALL PERMITS, LISCENSES OR ANY OTHER DOCUMENTS REQUIRED BY THE GOVERNMENT OF THE IMPORTING NATION. SELLER WILL BEAR NO RESPONSIBILITY TO PROVIDE SUCH DOCUMENTATION. BUYER WILL BEAR ALL COSTS ASSOCIATED WITH SECURING SUCH DOCUMENTS AND WILL ALSO BEAR ALL COSTS AND PENALITIES IF SUCH DOCUMENTS ARE NOT SECURED. IN NO CASE SHALL THE SELLER BE HELD LIABLE FOR MISSING OR
IMPROPER DOCUMENTATION THE BUYER IS REQUIRED TO PROVIDE.
Only CIF ASWP deliveries).No  PERSONAL BOND