If you are just looking for approximate price and are not ready to order yet, please contact us here. We will send you a soft quote.

The following closing procedures shall apply for all transactions:

1.)
The Buyer issues the LOI (Letter of Intent) or the ICPO (Irrevocable Corporate Purchase Order), including full banking information and explicit authorization to soft probe on Buyer’s bank account and/or a fresh BCL (Bank Comfort Letter). The NCND (Non-Circumvention, Non-Disclosure & Working Agreement) and IMFPA (Irrevocable Master Fee Protection Agreement) must be signed by the Buyer, his mandate and all agents involved.

2.)
The Seller responds with draft Contract.

3.)
Contract discussion and signing. All copies sent via email or fax are deemed as legally binding.

4.)
Within 3 (three) banking days of signing of the Contract, the Buyer’s bank sends a RWA/POF (Ready Willing Ability / Proof of Funds) via bank messaging instrument – SWIFT MT799, directly to the Seller’s Bank, and
indicates the buyer’s readiness to open the Bank Guarantee against the Seller’s POP (Proof of Product).

5.)
Within 3 (three) banking days of receipt of the Buyer’s RWA (Ready Willing Ability), the Seller’s Bank issues the POP (Proof of Product) via SWIFT MT799 to the Buyer’s Bank.

6.)
The Contract hardcopies are exchanged via courier (DHL, UPS, TNT, FedEx).

7.)
Buyer opens the agreed pre-advice (non-operative) payment instruments as indicated above.

8.)
Upon notification of the pre-advice payment instrument, the Seller issues the 2% PB (Performance Bond), which activates Buyer’s payment instruments.

9.)
Shipments start as per contract.

NOTES:

The LOI or ICPO (Irrevocable Corporate Purchase Order) must be printed in Buyer’s Company letterhead, signed, sealed, scanned and sent back via email.

BCL is mandatory for processing Buyer’s request. Otherwise, the Buyer must voluntarily order his bank to open a SWIFT MT799 with Proof of Funds to the Seller’sBank. This option must be indicated in the Buyer’s ICPO and takes place before Seller’s POP (Proof of Product).

The LOI or ICPO must include the procedures presented above.

The authorization for soft-probe in the Buyer’s bank account is mandatory to consider any requests.

This offer is subject to prior sale, availability and Seller’s confirmation on price, quantity and all other conditions.

If you have any questions or comments, please feel free to contact us.