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PURCHASE
PROCEDURES:
1- Buyer submits Letter of Intent (LOI, ICPO)less than 5 days
old, including target price, Payment information, all bank information
with authorization for a soft probe. (In some cases a BCL may be requested
to validate the order or secure a better price)
2- In separate correspondence (email or other) a complete breakdown
of commissions expected to be paid by the Seller from the Buyer side.
3- Seller issues FCO or draft contract and requests a fresh
BCL.
4- The buyer sends the signed draft contract and fresh BCL
to the seller, in electronic form.
5- Hard and Soft copies of the Final Contract to be issued
by the Seller and exchanged
with the Buyer will be sent by carrier.
6- Buyer signs/stamps all the copies and return 2 (two) hard
copies of the
Contract to the Seller along with a draft LC from the buyers bank
to the Sellers Bank.
7- Seller and Buyer will lodge the hard copies of the Contract
with their
respective banks.
8- Seller will provide the Proof of Product Bank to Bank asking to open the non-operative LC.
9- Seller will issue 2% Performance Bond for the initial shipment or monthly amount to activate the Letter of Credit.
10- Delivery and shipment commence as per Contract.
Other Issues; Payment must be 100% at sight at the loading port LC
must be transferable POP can only be arranged after POF We do not
offer old bills of lading, past reports, past contracts or documents.
We do not offer samples.
* Note -
Changes to the above procedure are difficult, as these are standard
and agreed to by the Sellers board of Directors. They also provide
ample protection for both parties. In any case any extraordinary requests
should be requested in the LOI or negotiated in the draft contract,
prior to committing to the final contract.
Print version of PURCHASE PROCEDURES >>
Non-Circumvention,
Non-Disclosure & Working Agreement 
WHEREAS, the Undersigned wish to enter into this Agreement to define
certain parameters of the future legal obligations, are bond by a
duty of Confidence with respect to their sources and contacts. This
duty is in accordance with the International Chamber of Commerce Convention
(I.C.C. 500).
WHEREAS, the Undersigned desire to enter a working business relationship
to the mutual and common benefit of the parties hereto, including
their affiliates, subsidiaries, stockholders, partners, co-ventures,
trading partners, and other associated organizations (herein after
referred to as Affiliates).
NOW THEREFORE in consideration of the mutual promises, assertions
and covenants herein and other good and valuable considerations, the
receipts of which is acknowledged hereby, the parties here to mutually
and voluntarily agree as follows:
TERMS AND CONDITIONS:
01. The parties and/or their affiliates
of whatsoever nature shall not, in any shall not in any manner, solicit
and/or accept any business from sources that have been made available
by and through the parties hereto, nor in any manner shall access,
solicit and/or conduct any transaction with such said sources, without
and specific permission of the party who made such said sources available.
The Parties shall maintain complete confidentiality regarding each
other’s business and / or their affiliates and shall only disclose
knowledge pertaining to these specifically named Parties as permitted
by the concerned party, unless agreed and granted an expressed written
Permission of and by the Party whom made the source available.
02. The parties shall not in any
way what so ever circumvent each other and / or attempt such circumvention
of each other and / or any of the parties involved in any of the transactions
the parties wish to enter and to the best and proprietary information
established are not altered.
03. The parties shall not disclose
any contact revealed by either Party to any third Parties as they
fully recognized such information and contact (s) of the respective
Party, and shall not enter into direct and / or indirect offers, negotiations
and / or transaction with such contacts revealed by the other Party
who made the contact (s) available.
04. In the event of circumvention
by any of the undersigned Parties, whether direct and / or indirect,
the circumvented Party shall be entitled to a legal monetary compensation
equal to the maximum service it should realize from such a transaction,
plus any and all expenses, including any and all legal fees incurred
in lieu of recovery of such compensation.
05. All considerations, benefits,
bonuses, participation, fees, and/or export Profits commissions received
as a result of the contributions of the Parties to this and distributed
as mutually agreed between both the Parties concerned specific arrangements,
for each transaction shall be made available and/or submitted to the
recipient on the very day due and payable as per each and every transaction,
unless otherwise agreed.
06. This agreement is valid for five (5) years from the date
of signature, for any and all transactions between the Parties therein,
with renewal to be agreed upon between the signatories. It shall become
effective immediately from the date of signing hereof by all parties.
PARTICIPANTS INITIALS:
1)_______________________________________________________
2)_______________________________________________________
07. It is further agreed that
any controversy, claims, and or dispute arising out and/or relating
to any part of the whole of this agreement or breach thereof and which
is not settled between the signatories themselves, shall be settled
and binding by and trough arbitration in accordance with the rules
and through the institution of the International Chamber of Commerce.
Any decision and/or award made by the arbitrators shall be final,
conclusive and binding for the parties and enforceable law in the
country of choice of an award by the arbitrators. In the event of
dispute the English language shall prevail. If no agreement has been
reached on country of Arbitration, the Arbitration shall be conducted
in Zurich/Switzerland under Swiss Law.
08. This Agreement shall be legally
binding upon the Parties hereto their respective heirs, administrators,
executors, their successors and assigns for:
a) The non-circumvention damages, i.e. the total commissions,
fees, or profits which would have been due, and;
b) All loss sustained by the non defaulting party by reason
of such breach, and;
c) All expenses incurred in enforcing any legal remedy rights
based upon or arising out of this Agreement. 09. Signature of this
agreement shall be deemed to be an executed agreement enforceable
and admissible for all purposes as may be necessary under the terms
of this agreement. Signatures on this agreement received by the way
of Facsimile, Mail and/or Email shall be deemed and executed contract.
10. Both signatories hereto acknowledge
that they have read and each Party fully understands the terms and
conditions contained in this Agreement and by their initial and signature
hereby unconditionally agree to its terms as of the date noted herein.
11. The purpose of this instrument
is to establish an internationally recognized Non-Circumvention Non-Disclosure,
and working Agreement between the participating Parties. This and
future transactions shall be conducted under the guidelines of the
International Chamber of Commerce.
This agreement may be signed in one or more counterparts and the Parties
agree that facsimile/email copies of this Agreement to be considered
as a legal original and signatures thereon shall be legal and binding
agreement.
ACCEPTED AND SIGNED WITHOUT CHANGE
FIRST PARTY
Signature & Official Seal / Stamp:
Signed on: --- /---/2004
SIGNATORY’S FULL NAME:
SIGNATORY’S DESIGNATION:
NATIONALITY:
PASSPORT N0:
COMPANY: International Business Solutions
ADDRESS:
TEL:
FAX
CELL:
E-Mail:
Web : http://www.iWorldSource.com
SECOND PARTY
Signature & Official Seal/Stamp:
Signed on: --- /---/2004
SIGNATORY’S FULL NAME:
SIGNATORY’S DESIGNATION:
NATIONALITY:
PASSPORT N0:
COMPANY:
ADDRESS:
Tel:
Cell:
E-Mail:
Web:
End of contract
IRREVOCABLE
CORPORATE PURCHASE ORDER
(On Official Buyer’s Letterhead Only)
To,
International Business Solutions
I, the undersigned (Buyers Name), passport number (state your passport
number, if any), hereby declare and confirm that we are ready, willing
and able to purchase the commodity as per specifications and the in
the quantity and fort he price as specified in the terms and conditions as hereinafter
set forth. This representation is made with full corporate authority
and responsibility of the above.
Product:
Quantity:
Contract period:
Specifications:
Origin:
Target Price:
INCOTERMS:
Destination Port/s:
Discharge Rate:
Payment:
Inspection:
Shipping: 30/45 days after receipt and acceptance of the L/C.
Performance Bond: 2% by seller’s bank in favor of the buyer. (Internationally
accepted)
Packing Required:
Documents:
Loading: All costs at the port of loading for the account of the
seller.
Discharge: All costs at the port of discharge for the account of
the buyer.
Whom to be shipped: (Please give Contact Name, Address, Phone,
Fax,
Email):
Special Conditions: This letter of Intent / RWA is subject to final
approval
and agreement by both seller and Buyer and all the terms and conditions
herein as well as the subsequent Contract of Sale including any
amendments or variations thereof, all of which has to be reduced
in writing
and signed by both parties hereto.
Buyer’s Information:
Name of the Company:
Contact Person:
Company Registration Number:
Address:
Tel. Office:
Tel. Mobile:
Fax Office:
Email:
Buyer’s Bank Information:
Name:
Branch Code:
Full Address:
Account Number:
Account Name:
Bank Officer:
Tel. Number:
Mobile Number:
Fax Number:
Email:
Telex No:
SWIFT No:
Confirming Prime Bank:
Country:
We authorize the holder of this document to perform a soft probe
on the
above mentioned bank account.
Buyer’s Authorized Signature _____________________________
(Signatory’s Full Name)___________________________________
For and on Behalf of Company______________________________
Seal
Date ____________2006
Bank
Comfort - Clearance Letter 
TO WHOM IT MAY CONCERN
Ref. No: ……………………
DATE: …………….………
WE THE UNDERSIGNED BANK OFFICER/MANAGER WITH FULL BANKING RESPONSIBILITY,
HEREBY CONFIRM THAT OUR CLIENT .................................…
(Buyer’s name),
WITH ACCOUNT
NUMBER...................., IS FINANCIALLY ABLE TO INITIATE THE
TRANSACTION INVOLVING PURCHASE OF...................................
(quantity and product name) DURING THE NEXT...........................
(Period of time).
WE UNDERSTAND THAT THE SHIPMENT FACE VALUE OF THE NEEDED IRREVOCABLE
CONFIRMED............................ (terms of payment : RLC ,
DLC , SLC) LETTER OF CREDIT PAYABLE AT SIGHT WILL BE...................
(USD in words) PER SHIPMENT AND THE TOTAL VALUE OF THE TRANSACTION
FOR................................ (period of contract length)
WILL
BE ............................... (US$ in words).
WE CERTIFY ONLY THAT...................................................
(buyer’s name)
HAS SUFFICIENT FUNDS ON THE ACCOUNT AND SUFFICIENT LINE OF
CREDIT WITH OUR BANK TO COMPLETE THE ABOVE TRANSACTION.
WE GUARANTEE THAT THE PAYMENT (RLC, DLC, SLC) WILL BE USED
FOR THIS TRANSACTION AND WILL REVOLVE FROM SHIPMENT TO
SHIPMENT DURING THE DURATION OF THE CONTRACT SHOULD OUR
ABOVE MENTIONED CUSTOMER WISHES US TO DO SO.
ACCOUNT NAME :
ACCOUNT NO OF OUR CLIENT:
BANK OFFICER’S NAME :
BANK NAME :
BANK BRANCH :
BANK PHONE NUMBER :
BANK FAX NUMBER :
BANK TELEX NUMBER :
BANK SWIFT CODE :
ROUTING NUMBER :
WE HAVE BEEN INFORMED BY OUR CLIENT.....................................
(buyer's name) THAT HE HEREBY GIVES PERMISSION TO THE SELLER
TO CONDUCT A SOFT PROBE ON HIS ACCOUNT.
........................................
Authorized Signature & Bank Seal
(Designation of the person signing)
Irrevocable Master Fee Protection
Distribution & Non Circumvention/Non
Disclosure Agreement
DATE:
COMMODITY:
TRANSACTION CODE:
CONTRACT NO:
BUYER:
SELLER:
THE UNDERSIGNED DOES HEREBY IRREVOCABLY GUARANTEE WITH
FULL CORPORATE AND PERSONAL RESPONSIBILITY AND AUTHORITY
UNDER PENALTY OF PERJURY, TO PROVIDE FEE DISTRIBUTION OF
(USD___PER ______) OF TOTAL COMMISSION FOR THE BUYER’S SIDE
INTERMEDIARIES TOTAL FACE VALUE OF EACH AND EVERY _______
AS DESCRIBED ABOVE INCLUDING ALL ROLLS AND EXTENSIONS
THEREOF, SAID FEES TO BE PAID TO THE FOLLOWING
INTERMEDIARIES:
(If transaction is trenched, payment will be made after each tranche.)
--------------------------------------------------------------------------------
Buyer’s Intermediaries Mandate/Designate
1.
2.
3.
4.
THIS PROTECTION OF US$ ____________ (UNITED STATES DOLLARS)
PER ____ OF TOTAL COMMISSIONS WILL BE PAID TO THE
INTERMEDIARIES NAMED ABOVE FOR THE ENTIRE TRANSACTION
INCLUDING ROLLS AND EXTENSIONS AND SHALL BE PAID BY THE WIRE
TRANSFER TO THEIR DESIGNATED ACCOUNTS AS PER THEIR
TRANSACTIONS. THE PAYMENT SHALL BE MADE WITHOUT PROTEST,
DELAY AND DEDUCTIONS (OTHER THAN BANK WIRE TRANSFER FEE).
NON-CIRCUMVENTION AND NON-DISCLOSURE
THE BUYER ABOVE AGREES THAT NON-CIRCUMVENTION AND NON-
DISCLOSURE RULES OF ALL ISSUES FROM THE ICC(400/500) APPLY TO
THE HEREIN REFERENCED TRANSACTION FOR A PERIOD EQUAL TO
THE ABOVE MENTIONED CONTRACT PERIOD, FROM THE DATE OF THE
EXECUTION OF THIS NON DISCLOSURE AND NON-CIRCUMVENTION
AGREEMENT SIMILAR OBSERVANCES HALL APPLY TO ANY OTHER
TRANSACTION AS A RESULT OF THE INTRODUCTION. WHETHER IT BE
DIRECT OR INDIRECT.
ALL THE ABOVE TERMS AND CONDITIONS AND EXPRESSED
COMMISSION FEES PER THE ABOVE BUYER’S CODE ARE TO INCLUDE
EXTENSIONS, ROLLOVERS OR RENEGOTIATED TRANSACTIONS
LEADING TO NEW CONTRACTS BY AND BETWEEN BUYER AND SELLER
AND SHALL BE COVERED UNDER THIS AGREEMENT BETWEEN BUYER
AND THE SAID ENTITIES. SO STATED ABOVE.
THE SAID ENTITIES ARE NOT TO BE HELD LIABLE FOR ANY REASON
ASSOCIATES WITH THE ABOVE TRANSACTION EXCEPT FOR NON-
DISCLOSURE AND NON-CIRCUMVENTION VIOLATIONS.
NAME, SIGNATURE & SEAL/STAMP OF PAYER:
NAME AND SIGNATURE OF BENEFICIARY:
NAME AND SIGNATURE OF BENEFICIARY:
NAME AND SIGNATURE OF BENEFICIARY:
NAME AND SIGNATURE OF BENEFICIARY:
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