Payment: DLC at sight (SPOT) Payment: IRDLC (Irrevocable, Transferable, Confirmed, Auto-Revolving Documentary Letter of Credit) total contract value or TRANSFERRABLE LC first shipment
*War Zone Destination (Libya/Syria/Iran): Please add USD 10.00/ton
Procedures (not negotiable): 1) Buyer sends ICPO + Soft Probe authorization + NDNCA
2) Seller sends FCO
3) Buyer signs and sends FCO back to seller with bank endorsed ICPO
4) Seller sends the Contract
5) Buyer signs the contract and sends back to seller
6) Seller provides Pro-forma Invoice
7) Buyer sends POF via MT799 (MT-799 MUST INCLUDE POF AND COMMITMENT FROM BUYERS BANK TO IMMEDIATELY OPEN NON-OPERATIVE TRANSFERABLE IRDLC AFTER POP IS RECEIVED.
8) Seller sends POP bank to bank
9) Buyer issue the NON-OPERATIVE TRANSFERABLE IRDLC
10) Seller issue an operative 2% PB to activate the IRDLC
11) Shipment starts from 30/45 days
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Trade Leads Directory -> All Trade Leads -> Food -> Others -> Broken/Par Boiled Rice/White Refined ICUMSA 45
