Financed Gloves - Standard Operating Procedures: 1. NCNDA Issued and Executed between Buyer and Seller Parties 2. Buyer submits LOI and LOA 3. Irrevocable Master Procurement Fee Agreement (IMPFA) signed between Buyer and Agent(s) 4. Seller submits draft Sales Purchase Agreement to buyer 5. Buyer submits proof of funds (POF) and Allocation Letter Provided 6. SPA Executed 7. Buyer bank submits an Irrevocable Letter of Credit Revolving (LC) 8. SGS Inspection Report conducted prior to shipment and provided to Buyer 9. Seller loads shipment 10. SGS Inspection Report conducted upon landing and clearing customs (LDP Only) then provided to Buyer 11.Upon successful SGS Inspection Report and Buyer verification, payment for goods drawn from LC 12. Title Transfer
