Winbit Trade Limited facilitates commodity transactions, primaraly ICUMSA 45.
NO TIME WASTERS PLEASE. We do not provide documentation of previous transactions, it is breach of contract.
CONTRACT PROCEDURE
1. THE BUYER ISSUES AN IRREVOCABLE CORPORATE PURCHASE ORDER (ICPO) AND BANK COMFORT LETTER (BCL) FROM ONE OF 50 PRIME BANKS IN THE WORLD COULD BE ALSO A CORRESPONDING BANK.
2. THEN SELLER ISSUES FULL CORPORATE OFFER (FCO) TO BUYER.
3. WITHIN 5 INTERNATIONAL BANKING DAYS FROM RECEIPT OF THIS FCO BY THE BUYER, THE BUYER SIGNS, SEALS AND STAMPS AND RETURNS THE FCO.
4. SELLER ISSUES DRAFT CONTRACT AND SUBMITS IT TO BUYER FOR EXAMINATION AND APPROVAL.
5. THE BUYER SIGNS AND RETURNS THE DRAFT CONTRACT SHOWING ALL AMENDMENTS REQUIRED INITIALED AND ADD THEIR FULL BANKING COORDINATES, CONFIRMING BANKING INFORMATION AND CONTACT INFORMATION.
6. THE SELLER, AFTER DISCUSSING AND FINALIZING ALL AMENDMENTS WITH THE BUYER ON PHONE OR VIA FAX OR E-MAIL, AMENDS WHERE NECESSARY THE CONTRACT, AND SIGNS, SEALS AND ISSUES TO THE BUYER A FINAL COPY OF THE CONTRACT FOR ITS COMPLETION.
7. THE BUYER REVIEWS THE FINAL CONTRACT AND UPON ACCEPTANCE SIGNS THE FINAL COPY CONTRACT AND RETURNS IT TO THE SELLER. IF FURTHER REVISIONS ARE REQUIRED THEY ARE NOTED AND SENT BACK TO THE SELLER FOR FURTHER REVIEW. ANY FACSIMILE OR ELECTRONIC COPY SHALL BE CONSIDERED AS THE ORIGINAL.
8. UPON RECEIPT OF THE ACCEPTED SIGNED AND SEALED FINAL CONTRACT FROM THE SELLER VIA EMAIL, BUYER WILL OBTAIN FROM THEIR BANK A DRAFT OF THE FINANCIAL INSTRUMENT TEXT AND EMAILED TO THE SELLER FOR THEIR REVIEW AND RETURNED TO THE BUYER WITH ANY CHANGES NEEDED.
9. IF HARD COPIES ARE NEEDED THE BUYER SHALL PRINT A COPY OF THE CONTRACT AS A HARD COPY, SIGN IT AND RETURN VIA COURIER TO SELLERS MAILING ADDRESS ON THE CONTRACT. SELLER WILL THEN SEND THREE (3) HARD COPIES TO THE BUYER FOR THEIR FINAL CONTRACT SIGNED AND SEALED.
10. WITHIN FIVE (5) BANKING DAYS THE BUYER'S BANK SHALL ISSUE BY SWIFT THE PRIME BANK GUARANTEE OR STANDBY LETTER OF CREDIT AT AMOUNT OF USD$ XXXXX.-/ AND THE FINANCE INSTRUMENT FOR PAYING THE SHIPMENTS.
11. WITHIN FIVE (5) BANKING DAYS AFTER RECEIPT OF THE PRIME BANK GUARANTEE OR STANDBY LETTER OF CREDIT ACCEPTABLE TO THE SELLER AND THE SELLERS BANK, THE SELLER ISSUES A FULLY ACTIVE TWO (2%) PERCENT PERFORMANCE BOND OF EACH FINANCE INSTRUMENT VALUE AND PROVIDES PROOF OF PRODUCT FOR EACH FINANCE INSTRUMENT TO THE BUYER AND BUYER'S BANK.
12. FIRST DELIVERY SHALL COMMENCE WITH IN 30-45 DAYS OR SOONER
Its that simple.
NO TIME WASTERS PLEASE. We do not provide documentation of previous transactions, it is breach of contract.
CONTRACT PROCEDURE
1. THE BUYER ISSUES AN IRREVOCABLE CORPORATE PURCHASE ORDER (ICPO) AND BANK COMFORT LETTER (BCL) FROM ONE OF 50 PRIME BANKS IN THE WORLD COULD BE ALSO A CORRESPONDING BANK.
2. THEN SELLER ISSUES FULL CORPORATE OFFER (FCO) TO BUYER.
3. WITHIN 5 INTERNATIONAL BANKING DAYS FROM RECEIPT OF THIS FCO BY THE BUYER, THE BUYER SIGNS, SEALS AND STAMPS AND RETURNS THE FCO.
4. SELLER ISSUES DRAFT CONTRACT AND SUBMITS IT TO BUYER FOR EXAMINATION AND APPROVAL.
5. THE BUYER SIGNS AND RETURNS THE DRAFT CONTRACT SHOWING ALL AMENDMENTS REQUIRED INITIALED AND ADD THEIR FULL BANKING COORDINATES, CONFIRMING BANKING INFORMATION AND CONTACT INFORMATION.
6. THE SELLER, AFTER DISCUSSING AND FINALIZING ALL AMENDMENTS WITH THE BUYER ON PHONE OR VIA FAX OR E-MAIL, AMENDS WHERE NECESSARY THE CONTRACT, AND SIGNS, SEALS AND ISSUES TO THE BUYER A FINAL COPY OF THE CONTRACT FOR ITS COMPLETION.
7. THE BUYER REVIEWS THE FINAL CONTRACT AND UPON ACCEPTANCE SIGNS THE FINAL COPY CONTRACT AND RETURNS IT TO THE SELLER. IF FURTHER REVISIONS ARE REQUIRED THEY ARE NOTED AND SENT BACK TO THE SELLER FOR FURTHER REVIEW. ANY FACSIMILE OR ELECTRONIC COPY SHALL BE CONSIDERED AS THE ORIGINAL.
8. UPON RECEIPT OF THE ACCEPTED SIGNED AND SEALED FINAL CONTRACT FROM THE SELLER VIA EMAIL, BUYER WILL OBTAIN FROM THEIR BANK A DRAFT OF THE FINANCIAL INSTRUMENT TEXT AND EMAILED TO THE SELLER FOR THEIR REVIEW AND RETURNED TO THE BUYER WITH ANY CHANGES NEEDED.
9. IF HARD COPIES ARE NEEDED THE BUYER SHALL PRINT A COPY OF THE CONTRACT AS A HARD COPY, SIGN IT AND RETURN VIA COURIER TO SELLERS MAILING ADDRESS ON THE CONTRACT. SELLER WILL THEN SEND THREE (3) HARD COPIES TO THE BUYER FOR THEIR FINAL CONTRACT SIGNED AND SEALED.
10. WITHIN FIVE (5) BANKING DAYS THE BUYER'S BANK SHALL ISSUE BY SWIFT THE PRIME BANK GUARANTEE OR STANDBY LETTER OF CREDIT AT AMOUNT OF USD$ XXXXX.-/ AND THE FINANCE INSTRUMENT FOR PAYING THE SHIPMENTS.
11. WITHIN FIVE (5) BANKING DAYS AFTER RECEIPT OF THE PRIME BANK GUARANTEE OR STANDBY LETTER OF CREDIT ACCEPTABLE TO THE SELLER AND THE SELLERS BANK, THE SELLER ISSUES A FULLY ACTIVE TWO (2%) PERCENT PERFORMANCE BOND OF EACH FINANCE INSTRUMENT VALUE AND PROVIDES PROOF OF PRODUCT FOR EACH FINANCE INSTRUMENT TO THE BUYER AND BUYER'S BANK.
12. FIRST DELIVERY SHALL COMMENCE WITH IN 30-45 DAYS OR SOONER
Its that simple.
| Company Name | Winbit Trade Ltd |
|---|---|
| Business Type | Trading Company, Agent |
| Main Products | ICUMSA 45, WHITE REFINED SUGAR |
| Total No. Employees | Fewer than 5 People |
| Year Established | 2005 |
| Export Percentage | 91% - 100% |
| City | Wadhurst |
| Province/State | East Sussex |
| Country/Region | United Kingdom |
| Contact Person | Mr. Demetri Couppis |
| Telephone | 4************8 View all, please login |
| Fax | 44 |
| Street Address | 3 Bassetts Forge |
| Zip Code | TN56BF |
| sell123 URL | http://www.sell123.org/company/United-Kingdom/844695.htm |
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