Thursday, April 24, 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.

To read more please make registration and send inquiry for service. You fill free to add Trade Lots at Trade section or Comment below.

Add comment


Security code
Refresh