Parent Category: Contacts Category: PAS and Trade

Simple Trade Procedure for conclusion of contract.

Negotiation

Seller initiate contract.
1. Seller issues Offer.
2. Buyer except Offer, correct or send Irrevocable Corporate Purchase Order (ICPO) with Bank Capability Letter (BCL).
3. Seller send Full Corporate Offer (FCO) or draft of contract

Buyer initiate contract.
1. Buyer issues Letter of Intend (LOI).
2. Seller except LOI, correct or send FCO.
3. Buyer sends ICPO with BCL or draft of contract.

Conclusion of contract

1. Seller and Buyer settle terms of contact by friendly negotiation.
2. Buyer has to sign and stamp each page of contract and send to Seller.
3. Seller has to sign and stamp each page of contract and send to Buyer.
4. The Seller issue to the Buyer two original hard copies of the contract via courier to Buyers address as stated in the contract.
5. Buyer received the Sellers signed contract have to sign and stamp of the contract send back one to Seller via Courier.

Common Trade Procedure for conclusion of contract.

Open Letter of credit or Bank Guarantee.

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