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Latest Offers

These are the latest offers:

General Procedures

GENERAL PROCEDURE: (for Buyers who are NOT able to meet with Seller):

• Seller or Seller's representative issues Soft Offer.

• Buyer issues unsanitised LOI/ICPO with Banking Coordinates that allows for soft probe and BCL both addressed to the Seller.

• Seller issues FCO to buyer. Buyer endorses FCO and returns to Seller within 2 banking days.

• Seller issues draft Sales and Purchase Agreement (SPA) for Buyer's consideration and approval.

• Buyer and Seller signs SPA, have it notarized and lodge with respective banks.

• The Buyer informs Buyer's bank to SWIFT the Letter of Readiness to issue Pre-Advise LC to Seller's Bank upon receipt of SPA.

• Upon receipt of the Buyer S Letter of Readiness to issue the Pre-Advise LC, Seller shall inform Seller's bank to SWIFT the bank confirmation letter of "The Seller's Ability to deliver & perform".

• Within 7 days of SPA signed and receipt of confirmation of Seller's Ability to deliver & perform, the Buyer shall instruct the Buyer's bank to issue by SWIFT to the Seller's nominated bank the Non-Operative, Irrevocable, Confirmed, Non-Transferable Documentary Letter of Credit for the value equal to one month shipment payable 100% at sight.