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We are Seller Mandate for
Soybean Chunks from Brazil.
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Payment: |
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Irrevocable Letter of
Credit, Transferable, issued by a First Class Bank for
Contract. MT103/23
for Spot |
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Shipment:
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Ship: 30 to 45 days
after the ILC issued. |
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Procedures: |
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1.
Buyer sends ICPO.
2.
Seller sends Draft Contract
3.
Buyer signs contract and issue POF
(Proof of Funds) to Seller’s bank ( MT999)
4.
Upon receipt of POF, Seller’s causes Seller’s Bank to
provide POP (Proof of Product) to Buyer’s Bank.
5.
Buyer issues Irrevocable Letter of Credit, Transferable,
issued by a First Class Bank for a Contract OR MT103/23 for
Spot
6.Shipment commence as per contract.
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