1. Importer/Buyer provides LOI / ICPO.
2. Exporter/Seller provides Proforma Invoice & SPA contract Draft. All the detailed terms and conditions will be a part of the SPA contract.
3. Importer/Buyer accepts the Proforma Invoice and signs the SPA Contract and sends back.
4. Exporter/Seller countersigns the SPA Contract and returns a copy. Exporter/Seller signs commission agreement with intermediaries.
5. Importer Buyer makes the advance TT payment 30% with 48 hrs of above agreement. Upon receipt of advance payment, exporter/seller’s bank acknowledges the receipt of payment as per the contract.
6. Upon receipt of advance payment, Exporter/Seller starts preparation of goods for loading and shipping and provided pictures and video of the stock and loading.
7. Exporter/Seller provides scanned copies of all shipping documents including inspection report and BL copy once the goods are loaded.
8. Importer/Buyer upon receipt of scanned copies of above documents releases the balance 70% via TT. Exporter/Seller upon receipt of final payment releases the BL and send the original documents by courier.
9. Exporter/Buyer releases commission to intermediaries within 48 hrs of receipt of full payment.