Procedure
Below are the procedures used for all our products,
if you have any questions, please get in touch.
General procedure - Cost, Insurance & Freight:
1 - Buyer issues:
- IRREVOCABLE PURCHASE ORDER (ICPO)
- READY, WILLING AND ABLE (RWA) LETTER
- CUSTOMER INFORMATION SHEET (CIS)
- TEXT OF THE FINANCIAL INSTRUMENT.
2 - Seller will check the documents and, after verification, will issue the FULL CORPORATE ORDER (FCO), to be duly signed by the buyer within 2 (two) banking days.
3 - After receiving the FULL CORPORATE ORDER (FCO), within 48 (forty-eight) banking hours, the seller will issue the final contract to the buyer.
4 - Contract must be signed within 72 (seventy-two) banking hours.
5 - The Buyer will have 5 (five) banking days to issue the financial instrument with the data indicated by the seller in the purchase and sale agreement.
6 - I - After receipt and confirmation of receipt of the financial instrument, the seller will have a period of up to 15 (fifteen) banking days to issue the Performance bond (PB) 2 (Two) % PCT.
Note: The law does not allow the issuance of Performance bonds 2 (Two) % PCT for TRIAL or SPOT.
II - After receipt and confirmation of receipt of the financial instrument, the seller will have a period of 30 (Thirty) to 45 (Forty-five) days to deliver the product to the port of shipment with destination Cost, Insurance & Freight (CIF).
7 - Within the estimated shipping period, the seller will send the shipping documents via SWIFT (Bank to Bank), and the financial instrument will automatically be discounted via MT103 at the port of shipment (Brazil).
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Final note: If the buyer is unable to issue a READY, WILLING AND ABLE (RWA) LETTER, he will have to pay in good faith the amount of USD.50,000.00 (Fifty thousand) US dollars, immediately after signing the contract, which may be discounted at the time of issuance of the financial instrument to the seller's bank.