1楼 liukate
 等级:小学生 发帖数:10 回帖数:7
| 发帖时间 - 2005/4/1 10:07:58 | 1. Buyer issues LOI in his letter head 2. Seller issues Draft Contract 3. Buyer goes through Contract and revert back. 4. Final Contract to be signed 5 .Seller issue, Letter of Authorization from mines, Mines Details and other related document . 6. Seller Bank issues Letter of Readiness to Buyer Bank guaranteeing that PB will be issued against Non Operative Letter of Credit. 7. On Confirmation of the Letter of Readiness of PB at Buyer bank, Buyer issues Non Operative LC. 8. Seller bank issues 2% Non Operative PB Guarantee. This PB instrument actives the LC. 9. Shipment commences as per Contract Terms.
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