Our Procedures:
1- Buyer Issue Letter of interest with RWA
2- Seller / Exporter issues FCO (Full Corporate Offer).
3- Buyer returns signed and stamped FCO.
4- The buyer issues ICPO (Irrevocable Corporate Purchase Order) and RWA/BCL as POF Proof of Funds.
5- The seller issues the draft contract.
6- Buyer returns draft of signed, stamped and scanned contract by email and will be considered legal and official Purchase and Sale Agreement until copies are exchanged.
7- The seller issues Commercial Invoice.
8- The buyer returns the stamped and signed Commercial Invoice.
9- Buyer submits draft of SBLC / Bank Gurantee
10- The seller returns the above bank instrument with possible changes.
11- The buyer’s bank issues Bank Gurantee as a guarantee and sends it to the seller’s bank within 5 days.
Payment Via Mt 103 The bank instrument must be irrivacable, revolving, operational, confirmed by top 25 bank. Cash payment by MT 103 according to presentation of shipping documents (B / L + SGS).
12- Following the seller bank Confirming instrument, the seller’s bank sends the buyer’s bank a 2% Performance Bond (PB) in the amount of a remittance and a Proof of Product (POP) within 10 days.
13- The buyer will receive an invitation letter to accompany the shipment at the port.
14- Within 30/40 days the ship will be loaded.
15 – Payment against BL and SGS shipping documents.
16- Seller Bank send order to ” Ship’s release “.
To Request Our Forms please contact us:
List of Falcon Official Forms available:
BG, SBLC Mt 760 –