Procedure:

1. The Buyer issues a Letter of Intent (LOI) or an Irrevocable Corporate Purchase Order (ICPO) with C.I.S. with full corporate details and copy of the signer's passport.
2. Seller issues a complete corporate offer (FCO).
3. The buyer signs and seals the FCO page and returns it to the seller.
4. The Seller issues a draft Contract of Sale (SPA) which shall incorporate the full terms and conditions.
5. The Buyer signs and seals EACH page of the SPA and returns it to the Seller.
6. The seller completes the SPA, signs it, seals it and issues a proforma invoice that he sends to the buyer.
7. The buyer issues a SBLC / DLC Guarantee in favor of the SELLER as security for shipments and before sending the guarantee by Swift. The buyer will send a final draft to the seller for verification and approval (to avoid errors and unnecessary expenses).
8. Seller's Bank issues a Performance Bond guarantee (2%), within ten business days of Swift MT760 / MT700's confirmation of the SBLC / DLC sent to Seller's bank.
9. The bank-to-bank (POP) product proof will be sent within 10 banking business days of confirmation of the Swift MT760 / MT700 by the seller's bank.

Shipments:

The first shipment will begin within 25 business days after confirmation of the SBLC / DLC by the seller's bank.

Subsequent shipments within 20 business days of payment via MT 103 of the previous shipment.

All original documents will be sent to the buyer bank via the selling bank FOR PAYMENT and the original package will be sent to the buyer via DHL or similar courier.

The Buyer's bank makes the payment to the Seller's bank immediately (Swift MT103) after loading the material with the bill of lading and an audited SGS report is provided, known and accepted by both companies as an independent auditor/appraiser.

Note: 

THIS PROCEDURE IS FOR SBLC, DLC, AND LC INSTRUMENTS; THEY WILL CARRY THE SAME PROCEDURE. FINANCIAL INSTRUMENTS SHALL BE TRANSFERABLE DIVISIBLE CONFIRMED OPERATIVE AT SIGHT ONLY. 

THE SELLER MAY PLACE AS BENEFICIARY ANY COMPANY OF THE GROUP ACCORDING TO THE BANK AVAILABILITY AT THAT TIME, ALWAYS BEING THE SELLER .

THE PB 2% FOR TRIAL WILL NOT BE SENT BY THE SELLER. ONLY 2% PB WILL BE SENT FOR ANNUAL CONTRACTS AND ONCE THE INSTRUMENT IS RECEIVED AND CONFIRMED BY THE SELLER'S BANK NEVER BEFORE RECEIVING THE INSTRUMENT.