SALE PROCEDURES

To begin your purchase negotiation, we ask that you strictly follow the SALE PROCEDURES below.

1- The buyer issues ICPO (Irrevocable Corporate Purchase Order) and BCL or RWA as POF Proof of Funds.

2- Seller / Exporter issues FCO (Full Corporate Offer).

3- Buyer returns signed and stamped FCO.

4- The seller issues the draft contract.

5- Buyer returns draft of signed, stamped and scanned contract by email and will be considered legal and official Purchase and Sale Agreement until copies are exchanged.

6- The seller issues Commercial Invoice.

7- The buyer returns the stamped and signed Commercial Invoice.

8- Buyer submits draft of SBLC, LC or DLC.

9- The seller returns the above bank instrument with possible changes.

10-The buyer's bank issues SBLC, LC or DLC (MT 700/760) as a guarantee for one month and sends it to the seller's bank within 5 days. The bank instrument must be transferable, irrevocable, divisible, operational, renewable and confirmed by top 50 bank. Cash payment by MT 103 according to presentation of shipping documents (B / L + Product Certification).

11-Following the open banking instrument, the seller's bank sends the buyer's bank a 2% Performance Bond (PB) in the amount of a remittance and a Proof of Product (POP) within 5 days.

12- The buyer will receive an invitation letter to accompany the shipment at the port.

13- Within 25/35 days the ship will be loaded.

14- Payment against BL and Product Certification shipping documents, as per item 10.

15- Ship's release.

Note:
- Referring to item 3, the presentation of BCL or RWA as POF (Proof of Funds) is indispensable to continue trading.

• - All submitted documents must be issued on stamped letterhead, signed by the CEO and in PDF format.

• - Documents such as LOI / ICPO will only be reviewed and accepted if they meet the seller's requirements, such as:

Form of payment,
Warranty form,
Target Price (As available),
Bank (Top Prime 50),
And other information.
See below, LOI / ICPO model

E-mail: 

contact@brxexpress.com