SALE PROCEDURES

 

REGARDING OUR OFFERS:

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 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:

1- Buyer issues LOI (Letter Of Intent).

 2- Vaz Ferreira Trading (Brokerage)  issues SCO (Soft Corporate Offer) on behalf of the seller.

 3- Buyer issues ICPO (Irrevocable Corporate Purchase Order) together with an RWA or BCL.

 4- Vaz Ferreira Trading or Seller/Exporter issues FCO- Full Corporate Offer.

       – The FCO will be sent to the final buyer’s email with a copy to your intermediary.

       – The e-mail of the final buyer must be included in the LOI/ICPO and must be obligatorily a corporate e-mail.

       “The 2 items above are to ensure the safety of both parties”.

 Note: It is indispensable to present the updated Proof of Funds to proceed with the negotiation.

5- The buyer returns the signed FCO and  stamped.

 6- Seller/Exporter issues Draft Contract.

 7- Buyer returns draft of signed, stamped and scanned contract by email and will be considered legal and official  Sale and Purchase  Agreement (SPA) until copies are exchanged.

 8- Buyer sends the verbiage of DLC or SBLC.

 9- The seller returns the above bank instrument with possible changes.

  10- Buyer’s bank issues DLC or SBLC (MT760) as collateral for one month and sends to seller’s     bank. The banking instrument must be transferable, irrevocable,  divisible, operative, revolving and confirmed by  bank  top 50. Cash payment by MT103, according to presentation of shipping documents (B/L + SGS).

11- 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.

12- The buyer will receive a letter invitation to accompany the loading  together the port.

13- Within 30 days the ship will be loaded.

14- Payment against shipping documents BL and SGS according to  item 10.

15- Ship release.

Note:

All sent documents should be issued on letterhead, stamped and signed by the CEO and in PDF format.

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