Registration number : HRB178146 HAMBURG
VAT: DE 358939997
OH-Nummer : C-24157036
Latest Procedure
Product Description
The procedures are as follows:
(a.) Upon receipt of POP (Proof of Product) from the Seller. The Buyer having confirmed the Seller's POP the Buyer shall immediately release and opens 30% of the LC to financially enable the Seller to process shipment.
Once the Seller has provided the Buyer copies of the Bill of Lading, SGS Certificate of inspection, Commercial Invoice, and copies of all related documents, and the container shall be sealed, the Buyer immediately releases and opens a MT103/LC. The Seller upon receiving cleared funds at the Port of Loading shall release the vessel for delivery to the Port of Destination.
(b.) After the Buyer confirms the Seller's POP (Proof of Product) the Buyer provides the Seller with a POF (Proof of Funds).
The Buyer pays the logistics company (Moving the product from the warehouse to the port of loading) directly, and the Buyer shall pay the shipping company for the shipment directly.
Once the shipping company has given the Buyer and Seller copies of the Bill of Lading, SGS Certificate of inspection, Commercial Invoice, and copies of all related documents, the container is sealed, the Buyer shall release and opens the MT103/LC immediately The Seller upon receiving cleared funds at the Port of Loading shall release the vessel for delivery to the Port of Destination.
(c.) After the Buyer confirms the Seller's POP (Proof of Product) the Buyer provides the Seller with a POF (Proof of Funds).
The Buyer may opt for ex-works, meaning, the Buyer may go directly to the Sellers warehouse and pay for the product.
Which means The Buyer will handle the logistics to move the product from the warehouse to the port of loading. The Buyer is responsible for conducting the SGS inspection report and seal the vessel for departure having paid the shipping company.
The Buyer then will handle the shipment of the product from the port of loading to the Buyer’s destination country having completed the sealing of the vessel, the Buyer shall immediately pay the Seller with effect by MT103 transfer the balance due with immediate effect so the departing vessel is released to the port of destination thus completing the transaction to the satisfaction of the Buyer and the Seller.
