SALE PROCEDURES

 

1- First  note on our page (PRICE LIST), if the prices are in accordance with the target price of your LOI / ICPO.
2- Please note on our page (PRICE LIST)  if our bank exigency, form and payment guarantees and other details are in accordance with your  pretense.
3- Check the website below and see if the Bank in your LOI/ICPO is in fact TOP prime 50 bank.
https://accuity.com/resources/bank-rankings/
4- Note if the PROCEDURES below meet your exigencies.

SALES PROCEDURES:

STEP BY STEP

1 – Buyer issues LOI (Letter Of Intent).
2 – Vaz Ferreira Trading (Export Broker)  issues SCO (Soft Corporate Offer) as the seller’s representative.
3 – Buyer returns SCO signed and stamped.
4 – Buyer issues ICPO (Irrevocable Corporate Purchase Order) together with an RWA or BCL. 
Note :  It is indispensable to present the updated proof of funds to proceed with the negotiation.
5 – Seller/Exporter issues FCO  (Full Corporate Offer).
6 – The buyer returns the signed FCO and stamped.
7 – Seller/Exporter issues Draft Contract/SPA.
8 – Buyer returns draft  contract, stamped and scanned  by email and will be considered legal and official  SPA (Sale and Purchase  Agreement) until copies are exchanged.
9 – Seller sends DLC or SBLC model, Proforma Invoice and CIS  with bank details.
10 – Buyer sends the verbiage of DLC or SBLC from his bank for seller to review and approve.
11- Buyer  returns the stamped and signed Proforma Invoice.
12 – The buyer’s bank issues SBLC or DLC (MT700 or MT760) as a payment guarantee for one month and also issues an MT103 to be used as a payment method and sends it to the seller’s bank. The banking instrument must be transferable, irrevocable, divisible, operational, renewable and confirmed by a top 50 bank.
13 – After  the opened bank instrument, seller’s bank send’s to the bank of the buyer the 2% PB (Performance Bond) on value of a shipment  and  POP (Proof of Product).
14 – The buyer will receive a letter invitation to accompany the loading  together the port.
15 – Within 30 days the ship will be loaded.
16 – After loading, the seller sends the shipping documents to the buyer (bank) for payment by MT103.
17 – Payment by MT103 effected.
(If there is no payment  by MT103, the SBLC guarantee is activated automatically)
18 – Ship release with the following documents:
  •  Commercial Invoice
  • Bill of Lading
  • Inspection Certificate by SGS
  • Weight quality and issued by SGS
  • Origin Certificate
  • Phytosanitary Certificate
  • Radiation Free Certificate
  • Insurance Certificate
  • Fumigation certificate
  • Packing List in Triplicate
NOTE
1- The e-mail of the final buyer must be included in the ICPO and must be obligatorily a corporate e-mail.
2- The FCO will be sent to the final buyer’s email with a copy to your intermediary.
3- All sent documents should be issued on letterhead, stamped and signed by the CEO and in PDF format.
4- Documents as LOI/ICPO will be analyzed and only accepted  according  with the requirements of the seller, such as:
 Form of payment,
 Form of guarantee, 
 Target price (According to available offer),
 Bank (Prime Top 50),
 And other information.
  Please find below, model of LOI/ICPO:

DOWNLOAD LOI/ICPO

DOWNLOAD LOI/ICPO