Our company is a seller of both Used Rail and HMS #1 and HMS #2. Listed below are the procedures for our company:1. Buyer submits LOI less than 5 days old with BCL less than 30 days old from a top 50 Prime World Bank. 2. FCO and Draft Contract issued. 3. Buyer returns signed/sealed contract with draft copy of LC text. 4. Sellers POP exchanged bank to bank against Buyers POF /AQSIQ. 5. Seller reviews Pre-Advise LC text and notifies Buyer. 6. Buyer opens Non-Operative LC in Sellers favor. 7. Seller posts PB immediately after LC opened, activates LC. First shipment commences 21-45 days after opening Buyers financial instrument.
