GLOBAL BUSINESS PROCEDURES FOR ALMEIDA JOHNSON TRADING

1. The Buyer issues a Letter of Intent (LOI) or an Irrevocable Corporate Purchase Order (ICPO) with C.I.S. with full corporate details and copy of the signer's passport. 

2. Seller issues a complete Full Corporate Offer (FCO). 

3. The buyer signs and seals the FCO page and returns to the Seller. 

4. The Seller issues a draft of the Sales Purchase Order (SPA) which shall incorporate the full terms and conditions. 

5. The Buyer signs and seals each page of the SPA (Sales Purchase Agreement) and returns to the Seller. 

6. The Seller completes the SPA, signs, seals and issues a Proforma Invoice that shall be sent to the Buyer.

7. The bank-to-bank Proof of Funds (POF), RWA/BCL will be sent to the Seller's bank.

8. The Seller’s bank sends a Proof of Production Capacity. 

9. The Buyer will send a final SBLC/DLC Draft to the Seller for verification and approval (to avoid errors and unnecessary expenses).

10. For the 12-month contract, the buyer issues a SBLC (Stand By LeZer of Credit)/DLC (Documentary Letter of Credit), transferable, operational, divisible, in sight durable for 12 months and one day, extendable to 18 months (when the monthly quantity is more than 500,000 MT /Monthly, because the logistics). 

11. Buyer issues a SBLC (Stand By Letter of Credit)/DLC (Documentary Letter of Credit), in the amount of 01 (one) month of supply. 

12. The Seller's bank sends via Swift MT199 (bank-to-bank) the Proof of Product (POP) within 10 banking business days after confirmatioon of the Swift MT760 (for the SBLC) / Swift MT700 (for the DLC) by the Seller's bank. The Seller's bank sends the SGS Report with all the information of Quantity and Quantity of the goods as a Proof of Product (POP). 

13. The payment is made against shipping documents are received by the Buyer or the Buyer’s Bank. The payment is made within a period not exceeding 5 (five) days.

14. All original documents (shipping documents), will be sent to the Buyer’s bank via the Seller’s bank FOR PAYMENT and the original package will be sent to the buyer via DHL or similar courier. 

15. Seller's Bank issues a Performance Bond guarantee (2%), within ten (10) business days of Swift MT760/Swift MT700's confirmation of the SBLC/DLC sent to Seller's bank.

16. The Buyer's bank makes the payment to the Seller's bank immediately (Swift MT103) after loading the goods with the Bill of Lading (BL) and an audited SGS report is provided, known and accepted by both companies as an independent auditor/appraise 

a. THIS PROCEDURE IS FOR DLC AND SLBC INSTRUMENTS, THEY WILL CARRY THE SAME PROCEDURE. FINANCIAL INSTRUMENTS SHALL BE TRANSFERABLE, DIVISIBLE, CONFIRMED OPERATIVE AT SIGHT. 

b. THE PB 2% FOR TRIAL WILL NOT BE SENT BY THE SELLER. ONLY 2% PB WILL BE SENT FOR ANNUAL CONTRACTS AND ONCE THE INSTRUMENT IS RECEIVED AND CONFIRMED BY THE SELLER'S BANK, NEVER BEFORE RECEIVING THE INSTRUMENT.