cranberry production plan

  • cranberry production plan

     Hany Hassan updated 3 months, 4 weeks ago 1 Member · 1 Post
  • Hany Hassan

    Member
    March 31, 2021 at 5:17 AM

    FOB STANDARD PROCEDURE

    Cranberry Evolve:

    Price: $18.50 with $0.12 commission to buyer’s side

    1. Buyer issue LOI, ICPO, CIS
    2. Seller issues FCO with Bank Coordinates for the POF via MT199
    3. Buyer issues POF via MT199 covering two month delivery:
    Seller Bank confirms POF
    4. Seller submits POP (product allocation documents) with in 5 working days
    5. Seller issues SPA and Buyer issues a SBLC RWA letter addressed to the Seller or assignees

    6. Buyer and Seller review and sign SPA
    7. Buyer issues SBLC (MT799, MT760) to Seller transaction Bank
    8. Upon confirmation of SBLC, Seller arranges product for production within 20 business days
    9. When product is FOB ready, SGS is arranged. Upon each SGS and shipping documents Buyer Pays through Wire Transfer/ LC against each invoice weekly.
    10. Upon Payment receipt of first shipment, the second shipment will be arranged and Payment repeats upon each invoice and shipping document every week up to 12 months

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    MT 199 and SBLC payment are most important for the deal. If not acceptable seller is not interested.
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