Transaction Procedure

Transaction Procedure

① Buyer submits LOI / ICPO

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② Seller issues SCO / FCO

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③ Sales and Purchase Agreement (SPA)

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④ Buyer signs SPA

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⑤ Financial Instrument (LC / SBLC or as agreed)

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⑥ Seller issues POP according to agreed procedure

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⑦ Shipment

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⑧ Payment against contractual shipping documents

The exact commercial procedure may vary depending on the supplier, destination country and contractual agreement.

Commercial Terms

Contract duration: 12 months

Delivery: CIF

Volume: Subject to supplier allocation.

Pricing: Available upon request.