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Buyer/Agent submits Request for Quotation |
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TrumenGroup confirms, denies or counter-proposes. |
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Buyer/Agent submits End-Buyer LOI and BCL (after signing NCND if necessary) |
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TrumenGroup issues Full Corporate Offer or Draft Contract to Buyer |
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Contract negotiated, signed, sealed and Hard Copies exchanged |
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TrumenGroup performs Proof of Funds (POF) Verification of Buyer. POF Verification will be bank-to-bank. |
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TrumenGroup provides Proof of Product (POP) to Buyer. POP will be issued/endorsed by our Law Firm. |
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Buyer opens non-operative Letter of Credit (LC). LC Must be Irrevocable, Transferable, issued/and or confirmed by a prime bank accepted by TrumenGroup. |
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TrumenGroup issues operative 2% Performance Bond (PB) to activate LC. PB may be in the form of a Standby Letter of Credit, or Bank Guarantee. |
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Delivery commences as agreed in the contract |