LOI and BCL is necessary to prepare FCO or draft contract.

PROCEDURES:

1 - LOI + BCL.

2 -  Seller prepares  the  FCO.

3 -  Buyer accepts the FCO and requests formal draft contract.

4 -  Seller issues a formal draft contract via E-mail to Buyer. Upon negotiation on terms and conditions, Buyer Will short sign the draft contract, sends it to Seller and request final contract.

5 -  Seller will provide 2% PB to buyer's designated bank after the Seller’s bank has received a pre-advise MT 799 free format message (RWA) via SWIFT.

 6 -  Delivery and shipment commences as per the terms and conditions of the contract.