Rapid Buy Or Sell

Company Description

Seller Procedureds !!! Thu, February 18, 2010 4:52:52 PMFrom: Najeeb Alim <*****> View Contact To: ***** -------------------------------------------------------------------------------- The Letter of Intent must be prepared, signed and sealed by buyer and, on buyer�s letterhead. Below are Seller&＃039;s procedures: PROCEDURE Seller�s Mandate sends Soft Offer (this document) to Buyer Upon review and approval, Buyer issues ICPO on his letterhead, signed, sealed, containing Buyer�s Bank details and permission for a soft probe. ICPO should be addressed as follows: To: FBS Ltd, Via: John C., Seller�s Mandate Seller issues FCO to Buyer. Buyer signs, seals and returns the FCO to Seller Seller issues a Draft Contract to Buyer. Buyer and Seller discuss and negotiate final terms and conditions on Sales and Purchase Agreement. Buyer confirms Draft contract for Seller�s review. Seller initials on every page, signs, and seals and returns the draft contract to the buyer for buyer�s signature and seal (with amendments if any). Buyer counters sign and seals the draft contract and sends via E � mail to seller. Seller sends affidavit and agreement to Buyer. Buyer signs and returns. Buyer signs and seals six hard copy and mail to Seller. Seller signs seals all six hard copy and mail three of six signed hard copy back to buyer. After both parties sign and received the hard copies of contract, the seller�s bank shall notify the buyer�s bank that they are willing and ready to issue a non � operative 2% performance bond to buyer�s bank. The 2% PB will be placed in buyer�s bank account, should the seller fail to supply the cargo of the products, this 2% will be paid to the buyer and intermediaries accordingly as compensation. The Buyer issues the Non � Operative Irrevocable, Non � Transferable DLC for the monthly cargo value within 5 (Five) banking days after receipt of 2% PB from the Seller.