PAYMENT

By Irrevocable, Confirmed and Transferable Fully Funded Documentary Letter Credit for 100% contract value, payable at sight against shipping documents. Payment can be made by DLC. RLC, FFDLC, FFRLC, SLC, BG, Unconditional SLC/BG.

PROCEDURES

1) Buyer submits Letter of Intent (LOI) and Bank Comfort Letter (BCL) . Documents should be preferably sent as per format given in website. Documents should not be more than 4 days old. In case documents are submitted by an agent, we may call up the Buyers directly to verify the seriousnss of the deal

2) FCO is issued. Buyer accepts and agrees the terms and conditions of the FCO by counter signature & companies seal and returning it to the seller.

3). After buyers sign FCO, Draft Contract is issued.

4) After draft contract is agreed upon, Seller issues final contract with full banking. Final Contract shall be signed by both parties and sent via fax that will be deemed as original and valid.

5) Hard copies of the Contract to be issued by the Seller, signed and exchanged with the Buyer.

6) Seller and Buyer will lodge the hard copies of the Contract with their respective banks.

7) Buyer opens non-operative LC to sellers' Bank.

8) Seller will provide the Proof of Product (Bank to Bank ) and 2% PB.

9) Buyer will present pre-advised L/C to be approved by Seller's Bank.

10) Seller will issue 2% Performance Bond to activate the Letter of Credit.

11) Delivery and shipment commence as per Contract