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Loi / Icpo Buyer Profile CIS Ncnd/Imfpa: Proc E DU RE C I F, A SWP: + + + + + +

The document outlines 11 steps for a CIF, ASWP procedure: 1. Buyer issues LOI/ICPO and required documents and seller's procedure is inserted. 2. Seller issues Sales and Purchase Agreement with warning letter. 3. Buyer reviews and countersigns agreement and warning letter. 4. Seller and buyer sign non-disclosure agreement with all parties. 5. Seller provides partial proof of product documents via email. 6. Buyer issues payment instrument within 14 days of document confirmation. 7. Seller provides full proof of product documents including performance bond upon payment receipt. 8. Loading commences as scheduled and documents are

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1K views2 pages

Loi / Icpo Buyer Profile CIS Ncnd/Imfpa: Proc E DU RE C I F, A SWP: + + + + + +

The document outlines 11 steps for a CIF, ASWP procedure: 1. Buyer issues LOI/ICPO and required documents and seller's procedure is inserted. 2. Seller issues Sales and Purchase Agreement with warning letter. 3. Buyer reviews and countersigns agreement and warning letter. 4. Seller and buyer sign non-disclosure agreement with all parties. 5. Seller provides partial proof of product documents via email. 6. Buyer issues payment instrument within 14 days of document confirmation. 7. Seller provides full proof of product documents including performance bond upon payment receipt. 8. Loading commences as scheduled and documents are

Uploaded by

Yrvis
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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PROCEDURE 

CIF, ASWP:
 
STEP 1. Buyer issues a LOI or ICPO +  BUYER PROFILE + CIS + NCND/IMFPA.
 
  LOI / ICPO +
  BUYER PROFILE +
  CIS +
  NCND/IMFPA
 
o   Seller procedure need to be inserted in the buyer's LOI/ICPO
 
      LOI or ICPO to END SELLER via INTERC and Bordallo Construtora Ltda.
 
STEP 2.  Seller issues Sales and Purchase Agreement (SPA) with ICC Letter of Warning.
 
STEP 3. Buyer reviews and countersigns Sales and Purchase Agreement (SPA) with the ICC Letter
of Warning and return to seller.
 
STEP 4.  Seller and Buyer Sign NCNDA/IMFPA, with all Parties Involved.
 
STEP 5.  Seller issues to Buyer Partial Proof of Product (PPOP) documents, via E-mail as listed below:
 
• Export License.
• Company Registration.
• Certificate of Origin.
• Legalized & Notarized Contract.
• Approval from Ministry of Industry & Trade Russian Federation.
• Copy of signed CPA.
• Certificate of Federal Service of Russia for Export
• Allocation Transaction Passport Code Certificate (ATPCC) which identifies
the buyer as tittle holder of the goods allocation.
 
STEP 6.  Upon the confirmation received of PPOP documents, within fourteen
(14) banking days, Buyer's Bank shall issue Transfer or None-Transfer DLC MT-
700, BLOCK FUND MT-199, BG or SBLC MT-760, for 100% of the value of first shipment to seller
nominated Fiduciary Bank Account outside Russia according to approved Verbiage, and scanned copy
of issued instrument must be send to seller for confirmation.
 
STEP 7.  Upon receipt of buyer DLC MT-700, SBLC MT-
760 instrument as Guarantee, seller issue to Buyer's bank full Proof of Product (POP) as full Shipment d
ocuments, include 2% Performance Bond to buyer's bank, through seller nominated bank.
 
STEP 8.  Loading commence as shipment schedule and seller release to Buyer the full set of POP
Documents and 2% PB (Performance Bond) by Bank to Bank.
 
STEP 9.  The SGS inspection will be borne by the Seller at the loading port and by the
Buyer at the Discharge port.
 
STEP 10.  Within 3~5 banking days of Vessel/goods arrival at Buyer Destination Port, Buyer
makes payment by TT/MT103, to seller nominated Fiduciary Bank Account, after SGS or
CIQ Inspection at Discharge port.
 
STEP 11.  Seller release payments to intermediaries involved according IMFPA within 72 hours
of receiving Payment for the product from the Buyer's bank
 
Seller procedure need to be inserted in the buyer's LOI/ICPO.

All terms, conditions, payment method and procedures contained in


the LOI/ICPO MUST BE IN COMPLIANCE WITH THE SELLER'S
CONDITIONS AND PROCEDURES, OTHERWISE THE ORDER WILL BE
REJECTED.
 
 

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