PROCEDURES FOR TRADE BUSINESS 

1. Buyer issues ICPO/LOI to seller M/S Smart Xs Consultant Sdn. Bhd. with complete Buyer's details / Profile and Bank details;

2. Seller Issues Sales and purchase Contract and Pro-forma Invoice Draft to be reviewed by the Buyers;
   

3. The buyer returns the final Sales and Purchase Contract (S&P Contract) duly signed and sealed via email in PDF format and Hardcopy is sent by a 1st class courier service company,
   

4. Buyer will then, within 1-2 days after signing the S&P Contract and Pro-Forma Invoice, Buyer will issue Bank Instrument "Irrevocable, Transferable, Assignable and Divisible" SBLC/DLC/BG for one month's shipment value valid for whole Contract period;

5. Upon BG confirmation, Seller will start do the shipment, each shipment Seller issue the following documents to Buyer for CASH Payment by TT/Wire Transfer (Bank Swift MT103 or PAY ORDER MT103/23):

a.  Ocean bill of lading;

b.  Commercial Invoice;

c.  Charter Party Agreement;

d.  Title Transferred Letter;

e.  Certificate(s) of Quantity and Quality issued by SGS or Equivalent;

f.  Certificate of Origin;

6. Upon Verification of Commercial Invoice, SGS Certificate and above document, Buyer make payment by CASH/MT103 wire transfer to seller or if buyer fail to make the payment then Seller will cash out the Bank guarantee as per agreed in Sales and Purchase agreement;
   

7. Upon Payment receive, the seller immediately Transfer the Title to the Buyer's name and gives ETA (Estimate time of Arrival) of the Vessel to Buyer;