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    Modelo Del Negocio Comercio Exterior Marino C Clase Nro 1

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    efarfan
    This document outlines the payment and transaction terms for an international commercial agreement. It details a 10-step process: 1) buyer acceptance of terms, 2) seller issues sales agreement, 3) buyer review and signature, 4) seller final review and issues invoice, 5) buyer opens a 20% letter of credit, 6) seller confirms letter of credit, 7) buyer's bank issues letter of credit, 8) seller issues performance bond, 9) seller registers purchase order, 10) shipment starts. It also describes acceptable payment methods including a letter of credit covering 20% of the contract value with the remaining 80% guaranteed by the buyer's bank.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Modelo Del Negocio Comercio Exterior Marino C Clase Nro 1

    Uploaded by

    efarfan
    33 views5 pages
    This document outlines the payment and transaction terms for an international commercial agreement. It details a 10-step process: 1) buyer acceptance of terms, 2) seller issues sales agreement, 3) buyer review and signature, 4) seller final review and issues invoice, 5) buyer opens a 20% letter of credit, 6) seller confirms letter of credit, 7) buyer's bank issues letter of credit, 8) seller issues performance bond, 9) seller registers purchase order, 10) shipment starts. It also describes acceptable payment methods including a letter of credit covering 20% of the contract value with the remaining 80% guaranteed by the buyer's bank.

    Original Title

    MODELO DEL NEGOCIO COMERCIO EXTERIOR MARINO C CLASE NRO 1

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    This document outlines the payment and transaction terms for an international commercial agreement. It details a 10-step process: 1) buyer acceptance of terms, 2) seller issues sales agreement, 3) buyer review and signature, 4) seller final review and issues invoice, 5) buyer opens a 20% letter of credit, 6) seller confirms letter of credit, 7) buyer's bank issues letter of credit, 8) seller issues performance bond, 9) seller registers purchase order, 10) shipment starts. It also describes acceptable payment methods including a letter of credit covering 20% of the contract value with the remaining 80% guaranteed by the buyer's bank.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    33 views5 pages

    Modelo Del Negocio Comercio Exterior Marino C Clase Nro 1

    Uploaded by

    efarfan
    This document outlines the payment and transaction terms for an international commercial agreement. It details a 10-step process: 1) buyer acceptance of terms, 2) seller issues sales agreement, 3) buyer review and signature, 4) seller final review and issues invoice, 5) buyer opens a 20% letter of credit, 6) seller confirms letter of credit, 7) buyer's bank issues letter of credit, 8) seller issues performance bond, 9) seller registers purchase order, 10) shipment starts. It also describes acceptable payment methods including a letter of credit covering 20% of the contract value with the remaining 80% guaranteed by the buyer's bank.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 5

    MODELO DEL NEGOCIO “COMERCIO EXTERIOR” – CLASE NRO.

    1 (MARINO COLMENAREZ)

    Primera Clase "Modelo de Negocio" Comercio


    Exterior:

    ...

    Payment & Transaction Terms:

    1. Buyer counter signs FCO for acceptance of the


    Conditions & Terms and send together with
    Company Certificate to Seller.
    2. Seller issues Sales & purchase Agreement ( SPA
    ) open for amendment and review for buyer review
    together with Technical details of Commodity (
    Annex A ) / Plan of total shipments delivery ( Annex
    B - Provided by Buyer ) Technical Specification
    signed and sealed (Annex C ) .
    3. Buyer review (SPA), sign and returns a soft copy
    to the seller.
    4. Seller final review (SPA) if any amendments
    necessary and issues Official Commercial Invoice
    and send both to buyer within 3 banking days final
    signed and sealed.
    5. Buyer initiates the draft letter of 20% from the total
    contract value based on an MT700 LC at Sight,
    Confirmed, Revolving and irrevocable LC with full
    guarantee from the buyer’s bank for the total
    contract value for the seller’s bank to review and
    confirm.
    6. Seller finalized the LC draft review and are ready
    to obtain the above said LC.
    7. The buyer bank should record to activate the
    above said LC within 14 days after the issuing of the
    Commercial Invoice (Step 6 above) and release the
    Letter of Credit (LC) to the bank or financial
    institution for issuance by above said LC. Buyers
    bank issues the LC MT700 with a minimum total
    contract value coverage of 20%, MT700 Confirmed,
    Irrevocable, revolving LC to seller’s financial bank.
    (20% of total MT Contract value x “MT unit price”
    USD = .............,- USD)
    8. Seller issues a Performance Bond Guarantee of
    20% of the total contract value as performance bond
    bank guarantee as PBG to the Buyer’s account bank
    against the LC.
    9. Seller within ten (10) business days comply and
    execute the processes of registering purchase order.
    10. Shipment starts

    Our Payment methods are as mentioned below :


    - MT700 LC At Sight Irrevocable Revolving
    Confirmed covering at least 20% of the total contract
    value with the remaining 80% balance guaranteed
    by buyers bank - this verbiage is Mandatory by
    Saudi Law for a MT700 " 20% of the contract value
    to be provided by an LC MT 700and 80% of the rest
    contract value to be upon in the form of Bank
    Guarantee which is now a total of 100%, And after
    each shipment received, invoices will be generated
    in which it will be deducted further from the Bank
    Guarantee."

    - SBLC MT760 from World Prime bank as HSBC -


    Barclays - City etc..At Sight - Fresh Cut.

    - Confirmed - Cash backed - 365 + 1 day validity -


    By example Contract is 1.200.000 MT for a 12
    months shipments contract the total quantity can be
    divided in batches and guarantee can be given
    based on 4 months shipments value as guarantee
    based on a monthly shipment delivery example of
    100.000 MT - " 100.000 MT x 267 = 26.700.000,-
    USD x 4 Months shipments based on =
    106.800.000,- USD Only which need to be
    guaranteed - The rest remaining 80% balance
    guaranteed by buyers bank does not apply here
    Above guarantee can be followed up by final
    payment by MT103 after SGS Inspection at
    discharge Port – The seller will issue an 20% PB
    Guarantee against the LC or SBLC..

    ...

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