Monday, April 21, 2014
             

Trade Procedure

Parent Category: Contracts Category: Commodity Broker

Trade Procedure for conclusion of contract.

Negotiation

Seller initiate contract.
1. The Seller sign NCNDA (Non-Circumvention, Non-Disclosure Working Agreement) of International Chamber Of Commerce (I.C.C.) with Agent.
2. The Seller issues (Soft Corporate Offer) SCO with full banking co-ordinates.
3. The Buyer sign NCNDA (Non-Circumvention, Non-Disclosure Working Agreement) of International Chamber Of Commerce (I.C.C.) with Agent.
4. The Buyer issues a Irrevocable Corporate Purchase Order (ICPO) with Bank Capability Letter (BCL) - to the Seller.
5. The Seller issue a Full Corporate Offer (FCO).

Buyer initiate contract.
1. The Buyer sign NCNDA (Non-Circumvention, Non-Disclosure Working Agreement) of International Chamber Of Commerce (I.C.C.) with Agent.
2. The Buyer issues (Letter of Intent) LOI with full banking co-ordinates.
3. The Seller sign NCNDA (Non-Circumvention, Non-Disclosure Working Agreement) of International Chamber Of Commerce (I.C.C.) with Agent.
4. The Seller issues a Full Corporate Offer - FCO to the Buyer.
5. The Buyer issue an Irrevocable Corporate Purchase Order – ICPO.

Conclusion of contract. Seller and Buyer settle terms of contact by friendly negotiation.

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Comments   

0 #2 NCNDA, BCL,OR SIMILAR FORMSSuper User 2013-04-24 10:57
Dear Sirs

Thanks for your comments. Ordinary principals present there form and sometimes impossible to change something. The best what agent do it's to collect company profile/ web-sile and to present to conter-party. The most importent to protect his interest as far as contact details it's agent's "commodity" for selling.

Best regards
Admin
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0 #1 proactiveagro accredited brokersTERKOVSKIT BARTHAN 2013-04-23 14:23
To whom It may Concern,

Please kindly be advised herewith that there are no standard imprinted forms of NCNDA, BCL,OR SIMILAR FORMS in strict compliance with UCP & ICC rules and regs in force to be involved in any given physical commodity transaction of anykind

These forms and invented documents are the instruments of American General Business Practise mostly utilized in the trade-finance transations amongst Inter-American business enterprises and have legally nothing to do with the UCP 6 ICC reference publications.

Brgds
Terkovskiy BARTHAN
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