KC 500 – Production

$11 CIF all in
Includes $0.50 buyer side

5 million per mth MOQ – 50 million per mth Maximum capacity

SOP:

1. LOI: Buyer submits Letter of intent, POF/BCL and LOA (For Mandate) and
2. NCNDA: to be signed by all parties (If necessary)
3. FCO & ICPO: Seller will send FCO and draft ICPO format. Buyer will return ICPO and signed FCO
4. SPA: Seller will initiate the discussion with buyer to have Sale and Purchase Agreement (SPA) signed as legal agreements between buyer & seller.
5. Payment terms: Swift/TT(MT-103), Escrow/LC
6. Proforma Invoice: Seller will provide an invoice with the shipment
7. Deposit/Booking: Buyer releases 10% of the total contract price to Seller account after signing SPA
8. Proof of Life: After deposit paid, Seller will provide a video with Label “ABC Company with Quantity and Date”
9. SGS Reports: After deposit paid, Seller will then provide SGS reports for SPOT purchase-ready stock. For pre-order contract, Seller will advise Buyer as to scheduled production time for SGS reports depending on volume requested.
10. SGS Verification: Buyer or Buyers representatives needs to verify the SGS reports within 48 hours and confirm to seller.
11. Freight: Seller arranges freight and presents Bill of Lading (BOL) or Airway Bill
12. Payment for CIF: Balance 90% payable after SGS verification and BOL.
13. Collection: Buyer collects Goods at destination Port.

This completes all steps for Nitrile Glove Procurement Process.

 

ref: Pak