GMG COMINT

procedures:
1. Buyer sends to LOI. (Letter of Intent)
2. The seller issues the FCO (full corporate offer), the buyer signs and closes the FCO and returns to the seller with the ICPO (irrevocable corporate purchase order)
3. The Seller issues the SPA (Sales and Purchase Agrément) for the amount requested in the amount agreed between the buyer and the seller.
4. The buyer fills out and signs the SPA (contract) and sends it to the seller.
5. Seller will send a pro forma invoice to buyer, delivery will be CIF.
6. Payment terms: LC MT 700 irrevocable, confirmed, automatic revolving letter of credit, payable in cash, delivered to seller's bank via SWIFT MT 700
7. The Buyer's Bank will send the MT 700 draft (Bank to Bank) via swift. The seller will send the necessary POP to the buyer for 5 business days. (If the buyer wants it).
8. The seller counter-signs the contract and sends it to the buyer. Buyer and Seller's deposit agreement at the respective banks.
9. Seller and buyer banks agree with related LC.
10. Buyer's bank issues LC as payment terms, as mentioned in point #6
11. The seller's bank confirms the authenticity of the related LC (bank to bank).
12. All communication between Seller and Buyer's Prohibitions will be only via SWIFT tested, Email or Fax.
13. The buyer confirms that such funds are good, clean, liberated, not inesnated, legitimately acquired and of non-criminal origin.
NOTE: Seller will not issue or give any POP (Product Proof) to Buyer before the buyer's bank submits the LC outline as mentioned in point #7.