*** ANSELL MTMT $20.80 READY STOCK FOB MALAYSIA WITH ESCROW PAYMENT *****ORIGIN: MALAYSIA
**QUANTITY: 2 MILLION BOXES
**PRICE: USD 20.80
**COMMISSIONS: MARKUP ALLOWED AND SPLIT 50/50
**PROOF OF FUND(POF): BY SWIFT MT199/MT799/MT760
**PROOF OF PRODUCT(POP): VERIFIABLE BATCH NUMBER AND LOT NUMBER
**PAYMENT TERMS: 100% AMOUNT TO BE DEPOSITED IN ESCROW AFTER VERIFICATION OF BATCH AND LOT NUMBER
Step 1. Buyer will submit following:
a. Letter of Intent;
b. Irrevocable Confirmed Purchase Order (ICPO);
c. Proof of Fund(BCL/MT199/MT799/MT760), confirming availability of 100% fund for the purchase in Buyer’s account along with ATV.
d. LOA in favor of Seller.
Step 2. After DD and verification of funds, Seller will provide the SCO which Buyer will sign and send back to Seller
Step 3. Both Parties will sign the SPA in a format provided by Seller.
Sstep4. Seller will provide batch number and lot number that can be eligible to be used for transaction mentioned in the SPA.
Step 5. Buyer will verify the Batch Code and Lot Code with Ansell
Step6. Parties will execute the joint Escrow Agreement between Buyer, Seller and Titleholder/Distributor, with an Escrow Agent provided by Seller and provide their KYC documents to it for reviewing them and doing due diligence that may be required from regulatory perspective.
Step 7. Within 24 hours of successful verification of the Batch and Lot numbers from Ansel, Buyer will park entire amount of purchase price payable by Buyer to Seller under the respective SPA, into the Escrow Account.
Step8. After getting confirmation from the Escrow Agent that the 100% funds are parked in the Escrow account, Seller will arrange for the verifable SGS report confirming quality and quantity
Step 9. Buyer will verify and confirms SGS report independently.
Step 10. Seller/Titleholder/Distributor will Initiates process with Escrow Agent for the encashment/ transfer of the money to its and/or titleholders’account.
Step 11. Buyer will make logistic arrangement for shipping goods, logistic person to collect the goods from seller warehouse or manufacture unit as FOB Terms.
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