Cash business process:
1. The buyer sends the LOI.
2. The seller issues the SCO.
3. The buyer submits the offer and ICPO along with complete banking information for review by the seller.
4. The seller sends the proforma invoice or proforma and NCNDA / IMFPA.
5. The buyer sends an agreed amount to the seller’s account as an advance payment.
6. The seller sends the shipping documents to the buyer. 7. After the shipment documents reach the buyer, the rest of the final invoice will be transferred to the seller’s account.
8. Commissions are issued to NCNDA / IMFPA within 24 hours of buyer confirmation of payment and the payer is issued by NCNDA / IMFPA and its Paymaster.
LOI acceptance conditions:
1.ALE must be the final and official buyer with the letterhead. 2. The MA must be in the name of Vektal Oil Company and the names of the brokers must be mentioned in it. 3. The signature of the company manager and a copy of the passport and a copy of the work permit of the company requesting the L
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