Quoting from [786fairdeal]:


Replying to [Tensky International]: - buyer sends LOI after both parties agents and brokers has signed NCNDA /FPA between both sides.

- Seller or seller's representative sends soft fco

- buyer signs and seals the sfco, returns within the valid day to confirm the deal and issues icpo

bcl authorization letter to verify the bcl, all document has to be on both buyer and seller's acceptable formats.

- mfpa will be completed by both side representatives.

- seller issues draft contract to buyer.

- buyer reviews, signs/seals the draft contract.

- seller returns the duly signed contact and provides transaction code plus a past sales record ( Compulsory ) to buyer for verification..

- seller and buyer lodge the contract to their bank respectively.

- seller's bank will swift confirmation of pop and 2% pb to buyer bank after verified the bcl

- buyer's bank issues the non-operative dlc to Seller bank in receipt of confirmation of pop , past sales record and 2% pb by bank. (buyer sends bank draft dlc text copy to seller for approval in advance.)

- seller's bank issues pop,past sales record and 2% pb (operative) to activate the dlc.

- pop and past sales records documents include : a. statement of availability of the product issued by refinery's bank (with allocation number). b. export license, issued by the russian ministry of energy. c. export approval, issued by the russian ministry of justice. d. the charter party agreements to transport the product to discharge ports. (this agreement will be issued after seller's bank received operative banking

instrument only)

- shipment will start according to conditions of the contract and according to agreed schedule.

- each party hereto will bear its respective banking costs / charges

Hi.

Have a question to ask, can seller ask buyer to deposit 30% from buyer.

buyer say no, in this case who is right.

Thanks for the help

Chuck

Quoting from [iulianap]:


Replying to [cyrus]:I sent you a draft of MFPA.Good luck.

Woill you please  send me  a copy of your MFPA and bank order?

Thks..

Quoting from [iulianap]:

Is more safe to use a Pay Order to protect your commission?

Quoting from [iulianap]:

Is more safe to use a Pay Order to protect your commission?

Pls send me NCND & MPFA form .

Thank you

Regards

Charl

Quoting from [iulianap]:


Is more safe to use a Pay Order to protect your commission?