Buyer issue LOI + BCL OR ICPO

–Seller issue FCO

–Buyer sign FCO and return it to Seller.

–Seller Issues the draft contract together with the wording for the Letter of Credit Seller sends final
contract signed and sealed and buyer returns it signed and sealed.

–After confirmation of the draft of the financial instrument within 5-10 (Five) international banking days
the buyer will send the proof of funds and the seller will send the proof of product in return via swift KTT.

–Within 12 (Twelve) banking days after the contract is signed and exchanged the Buyer will issue 
the irrevocable payment,  MT103/23 or BANK GURANTEE or SBLC, payable 100% at sight
against presentation of full set of legal documentations including SGS  certificates for quality and quantity.  The Documentary Letter of Credit must be fully funded for one month’s transaction non-operative letter
of credit will be activated where the Seller will post his 2% performance bond for the shipment value.

–Delivery and shipments will commence as per schedule mutually agreed.