1. Buyer or his mandate / agent submits request details along with specs, quantity, packing, delivery size and schedule, destination port(s) (and discharge rate per month), payment terms (Bank Guarantee, Standby, Documentary L/C, must be irrevocable, transferable / non transferable, confirmed, revolving, fully funded, etc.) and target price (conform to real market price level), and other related information (requested commission amount for involved parties, etc), buyer submit Letter of Intent (LOI) and Bank Comfort Letter (BCL) or Irrevocable Corporate Purchase Order (ICPO) address to the Seller Mandate through us.

2. The supplier’s POP & Past Performance Proof can only be exchanged with MT 799 or MT760 via SWIFT. (If required)

3. Seller issues the Full Corporate Offer (FCO) / Draft Contract (DC) with full banking details and dually signed & stamped NCNDA cum IMFPA.

4. Buyer sign FCO or / and DC sent via fax or e-mail that will be deemed as original and valid,

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

6.  Buyer signs / stamps all the copies and return 2 (two) hard copies of the Contract to the Seller.

7. Seller and Buyer will lodge the hard copies of the Contract via FAX or DHL Couriers.

8. The buyer provides L/C pre-advise to the Seller via bank swift MT 705. Pre-Advise is the operative or non-operative L/C.

9. Seller will issue 2% Performance Bond (PB) to activate the L/C.
10. Delivery and shipment commence as per Contract and Schedule

Any question mail us: trade@bizscrap.com or bizscrap@gmail.com

Call: +91 94179 40007, or Skype: drkapoor001