Complete T/T, MT103 Procedures;

T/T advance against Official Signed Contract and Pro forma Invoice.

  • Buyer provide his LOI/ICPO signed by the Buyer and all the Buyer’s Contacts or his Representative(s)
  • Seller responds with his Full Corporate Offer (FCO) Buyer just needs to SIGN AND SEALED IT and SEND IT BACK TO THE SELLER
  • Seller prepare sales and purchase Standard “Draft Contract” and send to buyer.
  • Buyer returns the “Sales and Purchase Contract” duly signed and sealed to Seller within 3 (Three) working days per FAX & E-mail
  • Seller then Issue a Pro-forma Invoice to Buyer
  • Within 3 (three) International Banking days after receiving and confirmed the Pro-forma Invoice, Buyers Bank states their readiness to issue their 30% T/T advance deposit, as per Contract agreed to Seller’s nominated Bank Account.
  • Seller’s Bank confirms pre-payment within 3 International Banking days and start packing after packing, transport GOODS from warehouse to PORT OF LOADING.

Balance by T/T against Original B/L Copy and full Certified Shipping Documents.
Shipping document include but not limited to the below and may vary depending on the product in question

  • Commercial Invoice for the value of the GOODS delivered
  • Non-radioactivity Certificate issued by official authority
  • Insurance Certificate issued by the Insurance Company
  • Certificate of quality & weight, issued by inspection company (SGS)
  • Full set Bill/s of Lading, marked “clean on board”

Related POP documents and information as indicated below about the status of the cargo shall be updated to the buyer.

THE FULL POP Documents via FAX to Buyer, (POP) Documents which consist of:

    • Certificate of Origin issued by Chamber of Commerce;
    • Laboratory Analysis;
    • Phytosanitary Certificate issued by ministry of health;
    • Company Export License issued by the Ministry of Commerce;
    • Refinery Producer Identification;
    • Copy of the Port Storage agreement;
    • Statement form refinery, stating the Availability of the Products;
    • Buyer receives and confirm all the Export and Shipping Documents and issues 70% balance payment mutually agreed
    • Shipments Becomes Operative / Commences.

We also try to cooperate accurately with freight forwarders or shipping lines to make sure customer’s cargo is delivered on time every time.
We usually have available products in stock for supply. After customer place order, it will be transferred to our factory for cargo arrangement. Thanks to equipment’s at the factory and work team who are skillful, commodities are soon prepared, packaged and containerized. Normally it takes
Working days since the date of deposit the cargo shall be loaded from.

T/T (Telegraphic Transfer Remittance) CHART: