TRANSACTION PROCEDURE :

1. Buyer issues ICPO or LOI+ CIS
2. The seller prepares the FCO; the buyer approves the FCO and returns it to the seller. The Buyer also sends the SWIFT message specified in Clause 3 to the Seller’s bank.
3. The party receiving and signing the FCO there by accepts the following terms, after which the process proceeds to the SPA stage.
   Message Type: MT199 (Free-form Message).
   Purpose: Generally used for RWA declarations or POF (Proof of Funds) confirmations in commercial transactions. The recipient’s bank (instructing bank) sends a SWIFT MT199 RWA (Ready, Willing and Able) message to the beneficiary bank at the bank address specified in the FCO.
   If these documents are not provided, the request is deemed to have been cancelled.
4. Seller issues draft SPA
5. Parties agree and sign SPA
6. Seller issues Proforma Invoice
7. Buyer returns signed Proforma Invoice
8. The buyer selects one of the payment methods listed below and prepares a draft of this payment method in coordination with the seller.
9. Payment methods are available in the 2 options listed below.
10. Loading starts as soon as possible
11. After payment procedures and B/L transfer, the vessel go to the discharge port.
12. Consecutive shipments will also be paid against all original shipping documents and commercial invoice within 72 hours via MT103TT at the port of loading.

LETTER OF CREDIT  PAYMENT (MT 700)

• By İrrevocable, Transferable, Divisible and confirmed LETTER OF CREDIT (L/C)100% payable at port of loading– L/C must be opened and confirmed by first class international bank.
• L/C becomes only operative with 2% pbg.
• After loading is completed, MT103 TT cash against all shipping documents at the loading port.
• After payment procedures and B/L transfer, the vessel go to the discharge port.
• Consecutive shipments will also be paid against all original shipping documents and commercial invoice within 72 hours via MT103TT at the port  of loading.

The letter of credit must contain ;

49: confirmation instructions, the article should be in this form

Confirmed.

Otherwise the transaction will be canceled.

SBLC/BG PAYMENT (MT 760)

• After contract, before loading, buyer issues SBLC/BG PAYMENT (MT 760) (100% cash backed) the seller checks with his bank and confirms the receipt
• Ship loading starts according to the loading schedule.
• After loading is completed, the buyer pays 100% against the shipping documents via mt103tt at the port  of loading within 72 hours,.
• After payment procedures and B/L transfer, the vessel go to the discharge port.
• Consecutives shipments will also be paid against all original shipping documents and commercial invoice within 72 hours via MT103 at the port  of loading.

SHIPING DOCUMENTS

• Three (3) original and Three (3) copies of signed commercial invoices.
• Three (3) original and Three (3) copies of full set of clean on-board, ocean bill of lading (bl) marked “freight pre-paid” issued to the order of buyer.
• One (1) original and Four (4) copies of Certificate of Quality and Quantity inspection issued by SGS.
• One (1) original and Four (4) copies of Certificate of Origin, issued by the Chamber of Commerce and Industry of the Country of Origin
• One (1) original and Two (2) copies of shipping company statement confirming that. The age of the vessel does not exceed twenty (20) years and the vessel is registered under Lloyds registry.
• One (1) original and Two (2) copies of Non-Radioactivity Certificate.
• One (1) original and Three (3) copies of Sanitary Certificate issued by the Brazilian Government Authority..
• One (1) original and Two (2) copies of packing list showing: i) Gross /Net Weight; ii) The number of ocean Bill of Lading.
• One (1) original and Two (2) copies of 110% Insuarance Certificate.
• The seller shall advise the buyer indicating: the vessel’s sailing date; the name, of the nominated vessel and steamship company; reference; telephone numbers of the shipping company or agents;name of ship’s captain; tonnage; length and height of higher portion of vessel; ocean B/L number; contract number; the flag of the vessel, net quantity loaded; number of hatches; number of positions, chambers; estimated time of arrival (eta) at the discharge port etc., one copy of this communication shall be presented as a segment of the document set.
• Certificate GACC of Shipper
• Export Authorization Certificates.
• Covid-19 Test ReportI