Procedure for DAP/CIF

Procedure:

1.Buyer issues a ICPO with Proof of Funds

2.Seller sends a signed / stamped draft contract to the buyer

3.Buyer signs and stamps the draft contract and sends back to the seller. The draft contract is effective now.

4.Seller prepares and stamps the NCNDA and send to the mandates- intermediates-buyers

5.Buyer shows RWA Max 7 days after Contract signing Seller send after RWA also PPOP documents.

6.Within three (3) banking days after showing proof of product , buyer's bank send to the seller's bank BG or SBLC./MT760

7. The inspection of product at loading port by SGS is conducted. Loading and Shipment commences as per schedule.

8. Buyer releases payment to Seller upon discharge of cargo, confirmation of the Q & Q at destination port and receipt of the entire relevant shipping document for immediate negotiation and credited at Buyer’s Bank Account.

PENALTY`S ON AGREE ( CONTRACT) BUYER AND SELLER FOR NON-COMPLIANCE/ ON TOTALLY AGREE VOLUMEN IRREVOCABLE 5 % TO BE PAY IN 5 BANK DAYS ON PARTNERS BANK ACCOUNT – FOR CONTRACT BREAK, AFTER CONTRACTING IS SIGN.