Zn Trading

We are a trading house engaged in sales of wheat, urea and cement in bulk quantity. Our procedures are: 1.BUYER ISSUES LOI WITH SOFT PROBE AUTHORIZATION AND/OR BCL 2.SELLER SENDS FCO TO BUYER FOR APPROVAL, BUYER SIGNS AND RETURNS TO SELLER. 3.SELLER ISSUES DRAFT CONTRACT IN FAVOR OF THE BUYER 4.BUYER RETURNS THE DRAFT CONTRACT TO THE SELLER, VIA FAX OR EMAIL, DULY SIGNED AND SEALED WITHIN 5 DAYS OF RECEIPT. ALL CHANGES MUST BE MADE AT THE SAME TIME. 5.ALONG WITH THE DRAFT CONTRACT THE BUYER WILL SEND THE DRAFT COPY OF THE PROPOSED TEXT OF THE LETTER OF CREDIT FOR SELLER’S APPROVAL. 6.SELLER REVIEWS AND CONFIRMS ANY CHANGES MADE IN DRAFT CONTRACT, IF IN AGREEMENT SELLER ISSUES FINAL CONTRACT 7.BUYER RETURNS FINAL CONTRACT TO THE SELLER, VIA FAX OR EMAIL, DULY SIGNED AND SEALED WITHIN 5 DAYS OF RECEIPT. 8.BUYER’S BANK ISSUES NON-OPERATIVE, CONFIRMED LETTER OF CREDIT TO SELLER’S BANK 9.SELLER’S BANK SENDS PROOF OF PRODUCT, INCLUDING ALL CERTIFICATIONS, TO BUYER’S BANK AND DRAFT PB TO BUYER. 10.SELLER ISSUES NON-OPERATIVE 2% PB IN THE FORM OF A STANDBY LETTER OF GUARANTEE/CREDIT 11.ACTIVATION OF THE PB AUTOMATICALLY ACTIVATES LC. 12.DELIVERY AND SHIPMENT COMMENCE AS PER MUTUALLY AGREED SCHEDULE Delivery: 30 / 45 days after Seller’s Bank acceptance of banking financial instrument issued by Buyer’s Bank.