PAYMENT CONDITIONS
Payment for the products sold under the present contract is to be guaranteed
PAYMENT CONDITIONS Payment for the products sold under the present contract is to be guaranteed in US Dollars by an SBLC/ BG AGREEMENT PROCEDURE Seller issues draft contract in favour of the Buyer. Buyer returns the draft contract to the Seller via fax or e-mail. Duly signed and sealed. Seller reviews and confirms any changes made in draft if agreed Seller issues final contract. Buyer returns final contract to the Seller, via fax or e-mail, duly signed and sealed. Buyer and Seller lodge contract into respective banks. Buyer s bank issues a pre-advice FFDLC. Seller s bank sends bank to bank via swift the POP (proof of product) in name of in 7 banking days. Buyer s Bank issues conditional FFDLC to sellers bank. Seller s Bank issues operative 2% PB to activate the FFDLC in 7 banking days. Delivery and shipment commence as per schedule mutually agreed. Buyer also confirms that said funds are good clean, cleared unencumbered, legitimately earned and of non-criminal origin. ATTENTION If your bank is a bank TOP 50, indicate this in LOI If your bank is NOT a bank TOP 50 , indicate Your bank -a guarantor, which falls into TOP 50 Analia Sansoni Directora Comercial de las Americas.