• PPE

  Cardinal + Cranberry

  Posted by Taeheon on January 27, 2021 at 7:11 PM

  Please contact me via Whatsapp +82-10-8691-7166

   

  Transaction Procedures (OTG USA / ESCROW)

  1. NCNDA

  2. Buyer issues LOI, LOA, ICPO, and AL (Assignment Letter)

  3. Reseller issues FCO, and Buyer signs off FCO for acceptance of price and procedure

  4. Buyer sends MT199 as POF within 2 banking days after FCO signing.

  5. IMFPA signed off between Reseller and Intermediaries.

  6. A2A call within 1 working day after Reseller receives MT199

  7. Reseller provides LOA and POL (including SGS with lot numbers that can be verified, Video Evidence, etc.) within 2 working days after receiving MT199

  8. Buyer receives Draft SPA to review and sign off

  9. Escrow Agreement among 3 parties (Seller/Titleholder, Reseller, and Buyer) for negotiated designated escrow account in XXX Bank, US

  10. Funds move to the designated Escrow account

  11. Site inspection by Buyer (Due Diligence)

  12. Quantity Inspection is arranged for the buyer

  13. After payment (Escrow Release), Product pickup from the warehouse by the buyer

  *** Above procedures may be slightly different depending on Private Seller/Titleholder

  Taeheon replied 1 year, 3 months ago 1 Member · 0 Replies
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