1. The buyer sends the ICPO to the seller
2. The Seller sends the FCO to the Buyer.
3. The buyer receipt the FCO read it, sign it and send it back to the seller.
4. The seller confirms receipt the FCO signed and send the SPA with a pro forma invoice to the Buyer.
5. The Buyer read the contract and according to the conditions defined by the two parties signs it and sends it back with LC.
6. The Seller and his bank confirm receipt the LC and issue 2% PB.
7. The seller sends copies of shipping documents within 15 working days after receipt the LC.
8. The buyer confirms receipt the copies of shipping documents.
9. Together Seller and buyer track the vessel and confirm that the vessel arrived at destination port.
10. The seller sends original shipping document to the buyer’s bank via DHL 5 days before the vessel arrives at destination port.
11. The buyer’s bank confirms receive original shipping document via DHL and issue a payment of 100% of total monthly orde