- BUYER SEND LOI
- SELLER MANDATE SEND SCO.
- BUYER SEND ICPO TO IBERENTERPRISE GROUP. (A BCL FOR DD CAN BE REQUESTED)
- BOTH PARTIES INVOLVED SIGN NCNDA.
- SELLER SEND FCO. BUYER SIGN AND RETURN..
- SELLER SENDS DRAFT SPA (SALES PURCHASE AGREEMENT) WITHIN TWO (2) BUSINESS
DAYS TO BUYER. - BUYER REVIEWS, AND MAKES NECESSARY CORRECTIONS TO THE DRAFT SPA, AND THEN
SIGNS AND RETURNS IT TO THE SELLER. THE SELLER REVIEWS AND SENDS THE FINAL SPA.
BOTH SIGN AND STAMP. - SELLER SEND PROFORMA INVOICE AND PROVIDE ALLOCATION LETTER BANK TO BANK.
- BUYER PROCEEDS TO TRANSFER THE 30%, UP TO 5 DAYS AFTER SIGNING THE SPA.
- SHIPMENT COMMENCES AS AGREED WITHIN THE SPA USUALLY WITHIN (15-25 DAYS)
DEPENDING ON THE PORT, AND AFTER CONFIRMATION OF THE PAYMENT IS CONFIRMED
BY SELLER’S BANK. - AT TIME OF CHARTER PARTY DETERMINATION, THE SELLER WILL PROVIDE DELIVERY
DETAILS TO THE BUYER. SELLER ALSO PROVIDES ARRIVAL OF THE VESSEL AND ALL
OTHER PERTINENT MATTERS IF APPLICABLE. - THE SHIP IS LOADED, IN THE PRESENCE OF THE SGS, WHICH WILL CERTIFY, ISSUING THE
POP. THE BUYER CAN BE PRESENT TO WATCH THE LOADING. - THE SELLER SENDS A COPY OF THE SHIPPING DOCUMENTS TO THE BUYER. WITHIN 72
HOURS, THE BUYER TRANSFERS THE REMAINING AMOUNT OF INVOICE TO THE SELLER.
UPON RECEIPT OF PAYMENT, SELLER SENDS ORIGINAL DOCUMENTS TO BUYER, VIA
EMAIL AND DHL. - ALL SUBSEQUENT SHIPMENTS WILL FOLLOW THE SAME PROCEDURE IF APPLICABLE.
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