we represent a group of mandated sellers that are seeking to sell :
1-Urea 46 N
Origin : Ukraine and Russia
2- White Refined Brazilian Cane Sugar.
Origin: Brazil.

PROCEDURES:
1-Buyer issues LOI with full banking coordinates along with Bank Comfort Letter (BCL).
2-Seller issues Full Corporate Offer (FCO).
3-Buyer signs, seal and return FCO to Seller.
4-Seller forward contract draft.
5-Buyer sends back draft signed and stamped with a swift *MT103/23 (meaning that it is blocked) Buyer sends a *BG (blocked) or an *SBLC (blocked).And the Buyer may go to inspect goods along with SGS. Disblock* only with presentation of shipping documents (BL, SGS etc).The "blocked"* condition does not allow beneficiary to make fund investments or any other use of funds not related to the transaction.
6-Buyer's bank issues Proof of Funds (POF) and draft of LC or BG and Seller's bank responds with Proof of Product (POP) and approves LC draft.
7-Buyers bank issues LC pre-advice, to become operative when the 2% Performance Bond (PB) is received. The draft LC in item 5 is a pre advice.
8-Seller's bank issues 2% PB to activate LC.
9-Shipments commences as per Contract.