1 – Buyer issues Letter of Intent (LOI) including all details regarding to purchase request and company details. Buyer sends this document duly signed and sealed via e-mail.

2 – Seller issues Soft Corporate Offer (SCO).

3 – Buyer Issues Irrevocable Corporate Purchase Order (ICPO) regarding to SCO sent by Seller. Buyer’s ICPO includes the price, payment terms and other conditions agreed on the mutual terms. Buyer allows Seller to have a soft probe to payable account through bank channel with ICPO.

4 – After receival of ICPO, Seller issues Full Corporate Offer (FCO). Buyer replies with duly signed and sealed confirmation.

5 – Upon receiving the confirmed FCO, Seller issues Draft Sales and Purchase Agreement (SPA). Buyer reviews the Draft Sales and Purchase Agreement and if any changes needed to be done, these issues will be discussed and agreed on the mutual decision to put on the Sales and Purchase Agreement for signing and sealing.

6 – Buyer signs and stamps the Sales and Purchase Agreement and send it back to Seller, Seller signs and stamps the Sales and Purchase Agreement and send it back to Buyer.

7 – Seller now issues Proforma Invoice to get the Draft Letter of Credit (LC).

8 – Buyer provides the Draft LC to the Seller for getting approval from the Seller’s Bank. LC issued by Buyer shall be irrevocable, transferable and divisible. LC to be transferred to the Buyer from other companies are not accepted. Seller replies Draft LC with Proof of Product (POP) document. After the reconciliation of the Buyer and Seller banks, the letter of credit becomes operational.

9 – Upon receiving of the Operative LC, the Seller starts the loading goods.

10 – Once the loading is completed, the Seller’s Bank sends copies/scan of Shipping Documents to the Buyer’s Bank.

11 – Buyer’s Bank releases the full payment of the first shipment value at destination port immediately after receiving original of the BL and SGS and the full set of Shipping Documents.