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  1. First send your LOI (Letter of Intent) to the Seller. Or maybe your more serrious intention on an ICPO (Irrevocable Corporate Purchase Order).  This document should be on buyer’s letterhead and should be signed and sealed by the buyer and seller. It must include buyer’s banking information - bank name and location and account number - or soft probe permission language expressed in the LOI text. The supplier will check buyer’s financial capability. Some Seller or suppliers require a buyer’s BCL (Bank Capability or Comfort Letter) to evaluate the Buyer buying capability.

  2. On receipt of the LOI/ ICPO and BCL, and after confirming buying ability of the Buyer, the Seller/Miner/ supplier will send to the buyer a Soft Corporate Offer followed by Pro Forma Invoice, sales/purchase contract and/or FCO (Full Corporate Offer) and SPA - Sales PUrchase Agreement.

  3. Once the buyer and suppliers have agreed and signed on the pro-forma invoice, FCO and/or contract, the deal is executed in compliance with the terms of the agreement.



When brokers are involved, an NCND (Non-Circumvention and Non- Disclosure) and IMFPA (Fee Protection Agreement) will be required and signed by parties involved to secure commissions to Sellers' and Buyers' groups.


Method of payment is generally Fully Funded Documentary L/C payable at sight (FFDLC), Revolving Documentary L/C (RDLC), Stand-by L/C (SBLC), Bank Guarantee (BG), Escrow Account or ILOC - Irreversible Letter of Credit.



Start a buying proposition right; provide the text of your proposed payment instrument. The L/C must be issued or confirmed by a prime International Bank acceptable by the supplier. LC must be from a large. reputable international bank.

In most cases, the Seller/Minersupplier may require the LOI and BCL before he provides a /soft quote. After all why provide an offer or a sample to Buyer who cannot buy.


The initial exchange of information between Buyers and Seller is requested to insure that when the time for written, legally binding commitments are to be made by both seller and buyer, all the terms and conditions but have been accepted by both parties.

  1. LOI: tells our seller exactly what the buyer wants and reveals which bank he will be using through which he will pay the supplier, and how he will be paying. Upon receiving this LOI info, the Seller knows specifications, shipping schedule, etc., and can tell if the Buyer meets all buyer's conditions. 

  2. When the seller knows the buyer can meet his requirements, he tells the buyer for their informal acceptance of all its terms and conditions. . 

  3. FCO can now be issued by the seller since he knows exactly all the terms and conditions of the transaction and has agreed to legally meet them all, including price.

  4. With the LC text agreed on both buyer and seller (and the seller ‘s bank) a draft contract is signed. AFTER signing SPA the buyers' LC is formally presented to the seller’s bank. The buyer can, at this point, request a Proof of Product from the seller. This allows him to safely, comfortably and legally sign the contract.

  5. At this time a POF (Proof of Funds) will be required from the buyer’s bank despite the initial BLC.

  6. With signing of the contract the LC can safely be opened by the buyer, with no possibility of problem occurring with either the method of payment on his side or performance by the seller on the other. You can now see why we structure all of our transactions this way. Al buying/selling procedures do not favor either the buyer or seller. Procedures favor the successful completion of the transaction. Procedures work for all buyers and sellers.

Distributor (Broker) / Client - Interactions


1. Intro Call - between agents and Buyer/Buyer Mandate

2. Verbal Offer - Provided by Intermediary Agent

3. Discussion Call Scheduled with seller for 100% Clarity - Specific Needs Dis cussed, Strategy, Payment Terms, SPA Questions

4. LOI provided by buyer with Verbal Confirmation of creditworthiness

5. LOI Reviewed for needed requirements and specifications

6. Standardized reports or Certifications released

7. Seller confirms supplies to meet requirement and agrees to all terms in LOI or verbally discussed of ready to transact buyer


1. Buyer Issues PO - Signature required from Buyer and seller principal

2. Buyer or Buyer attorney submits POF in the form of BCL/MT199 or A2A agreed upon proof of funds.

3. Seller Issues SPA for red-line and signature & Draft LC Template/Escrow Agreement

4. Upon request redacted proof of stock/goods can be provided

5. Buyer Bank Issues Draft LC or Escrow Agreement Finalization

6. Beneficiary of Letter of Credit - Completes BANK to BANK verification (UAE Closed Fridays)

7. 1-3 Days for LC --- ILOC/SBLC may increase lead time

8. Buyer Bank Finalizes MT760, ILOC or Approved IOLTA Escrow Account Funded - 100% of One Time up to 4 week revolving

9. Financial Instrument Monetization 1+ days

10. Client Production Schedule Finalized, Inspections and proforma BOL/AWB provided - Initial Delivery schedule in PO

11. Readystock Inspection 1-6 days from monetization / Production lead discussed otherwise

12. Partial or Full Tranches Scheduled within 4 days after inspection or quality control if required

13. Client Provided Shipping Confirmation Documents

14. 1Upon Client demand inspection can be performed by Third Party (TCIS, SGS, APLUS, or Equivalent) paid by Buyer

15. Stock Inspection, POL, Product Shipped

16. Delivery to port via SEA, Fast Boat, or Air

17. Product Domesticated and Clears Customs (Customs and Duties paid by designated party)

18. 24 Hours to inspect upon domestication (Proof of Life / all goods left in customs with fees will be passed on to client)

19. Door-to-door delivery available at additional per-box pass-through fee. Seller / Client - Interaction

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