PROCEDURES:


1. BUYER ISSUES LOI OR ICPO + BANK COMFORT LETTER OR DRAFT LETTER OF CREDIT  (DRAFT LC MUST BE ON BANK LETTERHEAD WITH AMERICAN KADI EXPORT LISTED AS THE BENEFICIARY AND CONFIRMED IN ADVANCE THROUGH TOP 25 BANK).
2. SELLER REVIEWS AND APPROVES DRAFT DLC.
3. SELLER ISSUES SOFT CORPORATE OFFER (SCO).
4. BUYER SIGNS AND RETURNS SCO.
5. SELLER ISSUES FULL CORPORATE OFFER (FCO).
6. BUYER SIGNS AND RETURNS FCO.
7. SELLER ISSUES DRAFT CONTRACT.
8. BUYER RETURNS CONTRACT.
9. SELLER SIGNS CONTRACT AND SENDS COPY TO BUYER.
10. BUYER SWIFTS THE LC.
11. SELLER ISSUES 2% PERFORMANCE BOND.
12. SHIPMENT COMMENCES WITHIN 30-45 DAYS.

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