LSW-Global

1. Buyer submits a Letter of Intent (LOI).
2. Seller sends a Soft Corporate Offer (SCO) to confirm quantity, destination, and price; the buyer must deliver a signed SCO.
3. Buyer submits a full Irrevocable Corporate Purchase Order (ICPO), along with bank details, full buyer CIS, proof of funds, company Know Your Customer (KYC) documents, and company registration in the host country.
4. The seller sends a Full Corporate Offer (FCO) to confirm quantity, destination, and price.
5. The buyer signs and delivers the FCO to the seller.
6. The seller sends a Sales and Purchase Agreement (SPA) to the buyer.
7. The buyer signs the SPA and provides a copy of the buyer's passport and proof of the buyer's signature authorized by the company, then returns it to the seller.
8. The seller signs the SPA and delivers it to the buyer along with the pro forma invoice.
9. The buyer must deliver a signed pro forma invoice, accompanied by a Ready, Willing, and Able (RWA) letter issued by the buyer’s bank, to the seller's bank.
10. Within 7 working days after the signature and manual stamp of the seller and the buyer, the buyer issues the Standby Letter of Credit (SBLC) or Documentary Letter of Credit (DLC) financial instrument to the effective bank, with all related and completed information, including confirmation and bank details to the seller.
11. The seller validates all information with the buyer and indicates revisions, if necessary.
12. Once all parties agree, the financial instrument can be activated.
13. Once the financial instrument has been validated, the buyer's bank sends a SWIFT message (MT799) to the seller's bank.
14. After sending all documents and issuing the SBLC or DLC, including the SGS report, the buyer pays via MT 103 in the amount agreed in the contract for issuing the SBLC or DLC.
15. The shipping period for commodities to the buyer is 45 to 60 days.

Note: The payment method is SBLC or DLC. The SBLC or DLC must be irrevocable, verifiable, unconditional, divisible, flexible, transferable, 100% rotatable, 100% operational, 100% acceptable, 100% confirmed, and 100% valid, with a validity period of 365 days plus 1 day, issued by a bank ranked among the top 25 in the banking sector. An SBLC or DLC must have a minimum validity period of 180 days and a maximum of 365 days.