DirectImports1.com
A Trading Network for Sugar, Soybeans, Wheat, Organic Fertilizer, Urea 46 and Petroleum.

General Procedures       

 ( For Petroleum procedures-click here ) 燃油購買操作程序

Process. This is General Procedures for Buyer who wish to obtain requirement to purchase the Commodities. Lloyds Trading Corp  and it Network adheres strictly to the procedural standards of foreign trade set out by the International Chamber of Commerce, and conducts all trade in strict accordance with Incoterms  2000 and the Uniform Rules for Collection expressed in ICC URC no. 502. You can be confident that Lloyds  and it Network will guide you through the process in a professional, efficient and thorough manner.

Procedures:

1-  LOI - Buyer provides a Letter of intent , describing requirements.           

2-  SCO - Seller responds with a soft corporate offer indicating ability to fill demand, and  price of  product. 

3- ICPO - Buyer responds with an irrevocable corporate purchase order indicating willingness to enter into contract at specified price

4-  FCO -  Seller responds with firm corporate offer officially offering product at indicated price and payment terms, and requesting bank endorsement          

5- BCL -   Buyers signs FCO, and provides banking comfort letter, on bank letter head. 

6- Contract  - Seller provides a contract, which can be negotiated back and forth with buyer. 

7- Pre- Advised /IRDLC : Buyer sends pre-advice irrevocable revolving documentary letter of  credit.                      

8- POP - IRDLC in hand, seller provides POP documentation, which is communicated from      the seller’s  bank to the buyer’s bank. 

9- Activate IRDLC  - POP activates the IRDLC, the activation of which is communicated from the buyer’s bank to the seller’s bank.           

10- Products -: Product is loaded and, all shipment, certification, specification, quality and  origination documentation, as per contract, is forwarded from the seller’s bank to the buyer’s bank to release payment.         

For further detail. please contact us.

Best regards

DirectIimports1.com
Division of Lloyds Trading Corp
2540 Huntington Dr, suite # 109,
San Marino, CA 91108.U.S.A..                                   
Tel : 01-626-416-8826. Fax : 01-626-285-5612.
Skype ID: bluejayblue2010

Back to main page