Friday, October 31, 2014
             
   
Text Size

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 ask for service or support.