Specification :

OPERATION PROCEDURES:
1. END BUYER AND INVOLVED IN BUYER SIDE ISSUE THE LEGAL IMFPA PLUS THE BUYER' S
COMPANY PROFILE.
2. UPON APPROVAL, THE SELLER SIDE COMPLET THEIR PORTION IN IMFPA AND PROVIDE
LOI' S ADDRESS FOR BUYER.
3. END-BUYER SENDS LOI WITH FULL BANKING COORDINATE.
4. END SELLER ISSUES THE DRAFT CONTRACT AND SEND TO END-BUYER.
5. END-BUYER MAKES AMMENDMENT AND SIGNS CONTRACT AND SEND IT BACK TO
THE END SELLER.
6. IF THE END-SELLER AGREES WITH THE AMMENDMENT BY END BUYER, END
SELLER MAKES HARD COPIES OF THE CONTRACT.
7. END-SELLER AND END-BUYER LODGE THE CONTRACT TO THEIR RESPECTIVE
BANKS.
8. Buyer' s bank sends RWA as per the sample text ( Refer Annexure “ X via MT799
confirming his ability and willingness of issuing the BG of 1.5 month
9. Seller' bank will reply by sending RWA per the sample text refer Annexure " Y via
MT 799 confirming the readiness and willingness of issuing the POP and 2% PB.
10. OPEN THE BG FOR 1.5 MONTH, SELLER SENDS POP TO THE END BUYER BANK
TO BANK.
11. SHIPMENT COMMENCE AS PER CONTRACT.