Buyer submits Letter of Intent (LOI) addressed to STAR IMPEX

Seller sends the corporate offer (FCO) to the Buyer     

Buyer Signs, Stamps and returns the FCO and Issue ICPO along with complete banking coordinates, passport and KYC/CIS addressed to STAR IMPEX

Seller send Draft Sales and Purchase Agreement

Buyer returns the Sales and Purchase agreement signed and sealed     

Seller shall verify the changes and if accepted, shall sign the final contract and return to the Buyer

Buyer provides RWA/BCL/POF to the Seller

Both parties lodge the final signed contract with their respective banks. The exchange of contract with buyer shall be by electronic transmission or fax or by courier services, as mutually agreed 

The Buyer’s Bank issues LC Verbiage to the Seller’s Bank. Upon acceptance of the verbiage by the Seller’s Bank, the Buyer’s Bank initiates the agreed bank instrument within seven banking days

Upon receipt and acceptance of the bank instrument by the Seller’s Bank, the seller provides 2% of the instrument value as Performance Bond Guarantee to the Buyer

Shipment commences within 40 days of the receipt and acceptance of the instrument by the Seller’s bank and payment shall be made at the loading port only

Subsequent shipments continue as per the terms of the contract