1. Buyer submits LOI & BCL or Bank Endorsed ICPO and email it to the Seller.
2. Seller approves LOI and BCL. Seller Issues FCO and email it to the Buyer
3. Buyer sends signs FCO with all information completed to the Seller.
4. Seller issues purchaising Contract for Buyer’s signature and Buyer returns signed purchasing Contract via email back to the Seller.
5. Buyer sends Draft LC Verbiage to the Seller for approval.
6. Buyer Bank Issues Non-Operative Letter of Credit to the Seller in 5 Days after Signing the purchasing Contract.
7. Sellers Bank confirms 2% PB and Activate the Letter of Credit. (Only for Contracts)
8. Shipment commences as per purchasing Contract.

1. Buyer issues a LOI + BCL or Bank Endorsed ICPO and email it to the Seller.
2. Seller issues Proforma Invoice to the Buyer via email.
3. Buyer sign seal and return via email the Proforma Invoice to Seller.
4. Buyer sends via email Draft LC Verbiage to Seller for approval.
5. Buyer Bank sends a DLC to the Seller’s Bank
6. Shipment Starts

LOI must be not older than 3 work days, addressed to EGYPT GLOBE GROUP. LOI must contain specs, target price, payment instruments. LOI must contain shipment destination (destination must be non-embargo ports). BCL must indicate an available value at buyer's account as necessary to complete the required deal (For shipments quantity more than 12,500 MT upon CIF - CFR basis only. Enquiries without LOI will not be formally responded too. Buyer's bank must be top 50 European or American, otherwise top 25 confirming bank will be provided. SBLC pricing stands for the entire contract value. FFDLC pricing stands for the entire contract value. DLC pricing stands for monthly shipments value. LC revolving per each shipment will not be acceptable. Only transferable L/C will be acceptable. Non-transferable L/C are not negotiatable. PB 2% will turn the L/C operative - never the other value/way.

1.IRREVOCABLE, CONFIRMED LC 100% PAYABLE AT SIGHT UPON PRESENTATION OF SHIPPING DOCUMENTS, THE SBLC/DLC HAS TO BE CONFIRMED FROM ANY OF THE TOP 25 PRIME BANKS

2.IRREVOCABLE, TRANSFERABLE, CONFIRMED 100% PAYABLE AT SIGHT UPON PRESENTATION OF SHIPPING DOCUMENTS, THE LC HAS TO BE CONFIRMED FROM ANY OF THE TOP 25 PRIME BANKS INCOTERMS: – FOB/CFR/CNF/CIF

1.IRREVOCABLE, CONFIRMED LC 100% PAYABLE AT SIGHT UPON PRESENTATION OF SHIPPING DOCUMENTS, THE LC HAS TO BE AUTO-REVOLVING, CONFIRMED FROM ANY OF THE TOP 25 PRIME BANKS

2.IRREVOCABLE, UN-RESTRICTED, CONFIRMED “BG” BANK GUARANTEE OF ONE SHIPMENT VALUE AND EVERY MONTH TT-FOR THE SHIPPED VALUE UPON PRESENTATION OF SHIPPING DOCUMENTS, THE BG HAS TO BE VALID UNTIL COMPLETION! OF THE CONTRACT AS AGREED AND BG SHALL BE ISSUED & CONFIRMED FROM ANY OF THE TOP 25 PRIME BANKS INCOTERMS: – FOB/CFR/CNF/CIF