Seller issue Sales and Purchase Agreement,
buyer and seller signed contract agreement.
Buyer send CPAwith vessel details Q*8, and
POF bank to bank only
Seller will issue Laycan
Seller will commence loading
vessel,
Once vessel complete loading with SGS report,
Seller will issue CI as per SGS Q&Q report, Buyer releases full
payment within *8hrs by T/T for the total value of the product.
Seller hand over Ownership to Buyer.
CIFTRANSACTION
PROCEDURES:
Buyer issue ICPO
Seller issue Sales and Purchase
Agreement, buyer and seller signed contract agreement.
Buyer
Bank will issue the DLC / MT**0 to Sellers bank
Seller will commence loading
vessel and send full POP,plus 2%PB
Upon vessel arrival to destination
port after SGS/CIQ, Buyer releases full payment within *2hrs by
T/Tforthe total value of the
product. Seller hand over Ownership to Buyer destination
port.
