Procedures as below:

CIF NON-NEGOTIABLE PROCEDURE:

1. SELLER ISSUES FCO FOR BOTH PARTIE’S TO CONFIRM AND STAMP AND SIGN AND RETURN TO SELLER

2. SELLER ISSUES SPA (SALES PURCHASE CONTRACT / AGREEMENT) WHICH IS OPEN FOR AMENDMENTS IF ANY TO BE DONE.

3. BUYER CONFIRMS CONTRACT (SPA) AND BOTH PARTIE’S SIGN AND STAMP.

4. ONCE SIGNED CONTRACT IS EXCHANGED BY WAY OF E-MAIL WHICH WILL THEN BECOME A LEGAL DOCUMENT AND CAN BE PRESENTED TO THEIR RESPECTIVE BANK ALONG WITH FCO .

5. SELLER SENDS DLC MT 700 DRAFT VERBIAGE ( IRREVOCABLE , CONFIRMED ) TO BUYER FOR BUYERS BANK APPROVAL.

6. BUYER SENDS DLC MT 700 VERBIAGE APPROVED FROM THEIR BANK TO SELLER & SELLERS MANDATE VAI EMAIL.

7. SELLER SENDS PPOP DOCUMENTS : PRO-FORMA INVOICE , SAMPLE PHOTO/VIDEO

8. BUYER’S BANK WITHIN SEVEN (7) BANKING DAYS RELEASE THE SWIFT DLC MT 700 (NON TRANSFERABLE)TO SELLER’S FIDUCIARY BANK ACCOUNT WITH VALIDITY 90 DAYS . SELLER ON RE-CONFIRMATION OF THE SWIFT FROM BUYER BANK, ISSUES 2% PERFORMANCE BOND WITHIN FIVE (5) BANKING DAYS TO BUYERS BANK. SELLER ISSUES NCNDA/IMFPA TO BE FILLED AND SIGN BY ALL PARTIES INVOLVED IN THIS CONTRACT.

NOTE: ONCE THE SBLC IS ISSUED BY BUYER BANK AND CONFIRMED BY SELLER FIDUCIARY BANK, THE SELLER WILL GIVE INVITATION LETTER TO BUYER OR HIS REPRESENTIVE, THEY WILL BE ALLOWED TO WITNESS THE PROCESS OF LOADING AT PORT OF LOADING AT THEIR OWN EXPENCES. ALL EXPENSES TILL LOADING PORT IS ON SELLER’S ACCOUNT AND AT DISCHARGE PORT ITS ON BUYER’S ACCOUNT.

9. SHIPMENTS FOR TRIAL ORDER OF 1.000MT STARTS WITHIN 25/30 DAYS MAX. SELLER WILL NOTIFY BUYER WITH ALL SHIPPING DOCUMENTS AND SEND A SOFT COPY BY E-MAIL. ON RECEIPT OF THE GOODS AT DISCHARGE PORT BUYER CONDUCTS SGS/CIQ/CCIC OR EQUIVELENT INSPECTION AT THEIR COST.

10. ONE ORIGINAL REPORT FROM SGS/CIQ/CCIQ (DONE AT DESTINATION PORT) BY BUYER TO BE SEND TO SELLERS BANK – XXX XXXXXX XXXXXX XXXXX, XXXX XXXXX, XXXXXX WITH A COPY TO SELLER’S EMAIL ADDRESS

11. BUYER REALASE THE PAYMENTS WITH IN THREE (3) DAYS BY MT103/TT TRANSFER TO SELLER NOMITED BANK ACCOUNT GIVEN IN THE PROFORMA INVOICE. THE SELLER WILL HAND OVER SHIPPING DOCUMENTS TO BUYER OF THE TRIAL 1,000MT.

12. SELLER OR HIS SHIPPING LINER WILL NOT BE HELD REAPONSIBLE FOR THE DELAY IN CLEARING THE GOODS BY BUYER OR HIS AUTHORISED CLEARING AGENT. UNDER NO CIRCUMSTANCES FINAL PAYMENT CAN BE DELAYED BEYOND THREE (3) BANKING DAYS.

13. SELLER ON RECEIPT OF THE PAYMENTS REALASE THE COMMISSION IN TWO DAYS (2) TO ALL THE AGENTS/INTERMRDITORS/BROKERS AS PER THE SIGNED NCNDA/IMFPA.

14. SUBSEQUENTLY MONTHLY SHIPMENT CONTINUES AS PER TERMS AND CONDITIONS OF THE SALES AND PURCHASE CONTRACT /AGREEMENT WITH R&E BETWEEN BUYER AND SELLER.

SHIPPING DOCUMENTS:

1 ORIGONAL AND 3 COPY OF BILL OF LADING
3 SETS OF COMMERCIAL INVOICES
3 SETS PACKING LIST
3 CERTIFICATE OF ORIGIN
INSURANCE CERTIFICATE
S.G.S. OR EQUIVALENT CERTIFICATE OF QUALITY AND QUANTITY