PROCEDURES: SPOT

+ SELLER ISSUES SCO

+ BUYER ISSUES ICPO + SIGNED NCNDA

+ SELLER ISSUE (FCO).

+ BUYER SIGNS FCO AND EMAIL IT BACK WITH BCL

+ SELLER ISSUES DRAFT CONTRACT IN FAVOUR OF THE BUYER.

+ BUYER SIGNS AND SENDS BACK THE DRAFT CONTRACT TO THE SELLER WITHIN *8 HOURS.

+ SELLER AND BUYER EXCHANGE *2 HARD COPIES SIMULTANEOUSLY BY

+ WITHIN 5 BANKING DAYS OF SIGNING OF THE FINAL CONTRACT (ELECTRONIC VERSION), THE BUYER WILL ISSUE THE NON-OPERATIVE (SBLC) IN FAVOR OF THE SELLER

+ WITHIN 5 BANKING DAYS OF RECEIPT OF THE NON OPERATIVE (SBLC), THE SELLER SHALL INSTRUCT HIS BANK TO ISSUE A BANK TO BANK PROOF OF PRODUCT + 2% BY SWIFT MT***9 , WHICH WILL TURNING THE SBLC INTO OPERATIVE.

+ DELIVERY AND SHIPMENT COMMENCE AS PER SCHEDULE MUTUALLY AGREED

+ THE SBLC SHALL REMAIN ACTIVE FOR THE FULL TERM OF THE CONTRACT AS A GUARANTEE OF COMPLIANCE.

PROCEDURES: CONTRACT

+ SELLER ISSUES SCO

+ BUYER ISSUES ICPO + SIGNED NCNDA

+ SELLER ISSUE (FCO).

+ BUYER SIGNS FCO AND EMAIL IT BACK WITH BCL

+ SELLER ISSUES DRAFT CONTRACT IN FAVOUR OF THE BUYER.

+ BUYER SIGNS AND SENDS BACK THE DRAFT CONTRACT TO THE SELLER WITHIN *8 HOURS.

+ SELLER AND BUYER EXCHANGE *2 HARD COPIES SIMULTANEOUSLY BY

+ WITHIN 5 BANKING DAYS OF SIGNING OF THE FINAL CONTRACT (ELECTRONIC VERSION), THE BUYER WILL ISSUE ONE MONTH NON-OPERATIVE (SBLC) IN FAVOR OF THE SELLER

+ WITHIN 5 BANKING DAYS OF RECEIPT OF THE NON OPERATIVE (SBLC), THE SELLER SHALL INSTRUCT HIS BANK TO ISSUE A BANK TO BANK PROOF OF PRODUCT + 2% BY SWIFT MT***9 , WHICH WILL TURNING THE SBLC INTO OPERATIVE.

+ DELIVERY AND SHIPMENT COMMENCE AS PER SCHEDULE MUTUALLY AGREED

+ THE SBLC SHALL REMAIN ACTIVE FOR THE FULL TERM OF THE CONTRACT AS A GUARANTEE OF COMPLIANCE.

+ PAYMENT FOR EACH SHIPMENT WITH MT **3 / TT