AGREEMENT PROCEDURES
1. SELLER ISSUES SPA & PROFORMA INVOICE FOR BUYER TO REVIEW AND COUNTERSIGN.
2. WITHIN 3 BANKING DAYS BUYER ISSUE DLC MT700 AND AFTER RECEIVE AND CLEARED THE
SWIFT AT SELLERâ??S BANK, THEN THE SELLER SUBMIT THE 2% PERFORMANCE BOND WITHIN
5 DAYS AND PRODUCTâ??S POP ISSUING WITHIN 8-12 WORKING DAYS;
3. ONCE THE SHIPPING SCHEDULE IS ANNOUNCED, SELLER'S BANK SWIFT ALL POP
COPY/PRODUCT EXPORTATION TRANSACTION DOCUMENTS LISTED BELOW TO BUYER & BUYERâ??S
BANK:
A. CERTIFICATE OF ORIGIN,
B. FRESH SGS/CIQ REPORT, FOR QUANTITY AND QUALITY
C. Q88,
D. BILL OF LADING (BL)
E. ULLAGE REPORT
F. MANIFEST REPORT
G. VESSEL FORM C
H. NOTICE OF READINESS (NOR)
I. ESTIMATED TIME OF ARRIVAL (ETA)
4. UPON VESSELâ??S ARRIVAL AND FINALIZATION OF QUALITY & QUANTITY INSPECTION AT
DISCHARGE PORT, BUYER RELEASE PAYMENT SAME DAY FOR TOTAL SHIPMENT VALUE IN FAVOUR
OF SELLER AND RECEIPT OF THE ENTIRE RELEVANT SHIPPING AND NEW TITLE DOCUMENTS.
5. SUBSEQNACE NEXT PERIOD DELIVERY COMMENCED AS PER AGREEABLE LIFTING.
