Seller / Buyer Responsibilities

BUYER TASK LIST

• Initiate the process — Send LOI

• Review SCO/FCO and issue ICPO

• Review and Sign SPA

• Review documents and initiate Financial instrument

• Buyer releases payment to seller

SELLER TASK LIST

• Provides SCO/FCO

• Respond to ICPO with SPA

• Issue PPOP documents

• Sellers’ bank provides proof of payment and Seller issue Full POP and PB

• Seller initiates shipment per signed contract. SGS at origin is Sellers’ responsibility

• Pay all commissions of involved mandates