STEAM COAL EXPORT PROCEDURE - IMPORT- BUYING

Steam Coal Export Procedure - Import - Buying

Procedure
1. Buyer sign FCO and send back to us
2. Buyer send LOI / ICPO
3. Buyer / seller send draft contract + draft LC /payment draft
with buyer detail information , spec , price and term
((( cash / draft LC/Usance LC/sblc/BG as our version )))
4. Revise the draft both parties
5. IF TERM and price are macth
6. -- NCNDA/IMFPA Fee Protection preparation
7. Send Buyer's company profile
8. Important document is given / shown in sign contract time
or after we receive buyer data and revise second time


Old version :


Step Of Procedure :
1. All important document will given at
sign contract time in our office
NCNDA is number step 7
2. Seller Send FCO
3. Buyer Send LOI / ICPO with spec , price , detail and bank
4. Buyer or seller send Draft Contract
5. Buyer or Seller send Draft payment
Usance LC / SBLC / BG / LC
( or TT/ cash information)
6. Buyer sign FCO
buyer send seller Revise draft contract and draft Payment
until FINAL draft
Draft Contract should be contain buyer and bank detail
7. -- NCNDA/IMFPA Fee Protection preparation