a) The Buyer issues ICPO on current date with Bank details b) The Seller issues Full Corporate offer (FCO) to the Buyer
c) The Buyer signs the FCO in acceptance of the transaction payment terms and procedure
d) The Seller issues a draft Sales and Purchase Agreement to the Buyer for study and approval e) The Seller and the Buyer sign the agreed upon SPA and copies transmitted
f) The Seller issues proof of product to the Buyer
g) The Buyer issues RWA to the Seller’s nominated bank account
h) The Buyer issues a SBLC/MT760 valued the total invoice for the guarantee of final payment i) The Seller issues two percent (2%) performance bond to the Buyer
j) An inspection through SGS, Alex Stewart, Bureau Veritas at the Loading Port l) Full shipment is completed at the loading port.
m) The Seller issues a commercial invoice of the total Copper cathode value to the Buyer for payment
n) The Buyer executes payment against Bill of lading and inspection report by wire transfer to the nominated Seller’s bank account at the Loading Port
o) Upon the Copper cathode arrival at Buyer’s destination and final inspection is done.
p) Buyer accepts the copper cathode and second shipment commences.