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buying
procedures
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Please
follow these simple steps to receive a soft offer and allocation
of product.
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1. The
Buyer/Broker sends a Request for Quote, with full details
of their requirements to Superior Worldwide Distribution
(SWD) by email or fax.
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2. SWD
issues a Soft Offer price to the buyer or broker, subject
to sales conatrct, which is valid for 5 working days
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3. Once
the buyer accepts the Soft Offer price, SWD issues a draft
contract to the Buyer.
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4. The
Buyer returns draft contract with amendments if any to SWD
via fax or e-mail.
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5. SWD
reviews and confirms any changes made in draft contract
by the Buyer. If SWD agrees to the changes made by Buyer,
SWD issues the final binding contract via fax or e-mail.
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6. The
Buyer returns the final agreed contract duly signed and
sealed via e-mail or fax.
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7. SWD
will then scan the fully signed, sealed and initialled contract
and email or fax the soft copies to the Buyer.
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8. SWD
will issue to the buyer four (4) original hard copies of
the contract via courier to Buyers address as stated in
the contract.
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9. Immediately
upon receiving SWD's signed and sealed hard copies of the
contract via courier the Buyer will personally sign and
seal the 4 hard copies and return two (2) originals by courier
to SWD.
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10. The
Buyer within 5 working days is now required to issue a non-operative
Documentary Letter of Credit (DLC) to the Sellers bank.
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11. Within
48-72 hrs of receiving the non-operative financial instrument,
the Seller will then provide Proof of Product (POP) and
2% Performance Bond to the Buyer. The POP will be issued
bank to bank after the non-operative LC or payment instrument
is opened and not before.
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12. The
POP (which includes certification) automatically changes
the non-operative DLC or payment instrument into an operative
LC or payment instrument.
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13. The
original certificates are given with shipping documents.
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** Please
note the Buyer may inspect the product at loading at his/her
own cost if required **
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