Healthcare PPE & Agricommodity

www.capfixasia.com

SUGAR ICUMSA 45 & ICUMSA 600-1200 : WORKING PROCEDURES

1) Buyer issues LOI to CapFiX, Seller Representative

2) CapFiX sends SCO along with working procedures and request for RWA/BCL; For
buyers in China proceed to step (5)
3) Buyer signs back SCO and provides RWA/BCL in the name of Seller for DD
4) CapFiX provides Seller CIS for DD
5) Buyer provides ICPO in the name of Seller with the followings included to issue SPA:
a. Company registration certificate
b. Complete contact information
c. Banking information
d. Passport copy of authorized signatory
6) Seller provides CIS/GACC number for shipment destination China for DD
7) Seller sends Draft SPA to Buyer for comments
8) Buyer provides draft LC/DLC/SBLC to Seller for review and acceptance
9) Buyer signs agreed SPA. Seller counter signed and provide Pro-Forma Invoice
10) Buyer provides RWA/BCL (for Buyers in China)
11) Seller provides past BL for DD
12) Buyer’s bank issues LC/DLC/SBLC within 5 days from date of SPA
13) Seller issues 2% Performance Bond
14) SGS inspects at port of loading. Buyer’s presence is welcome
15) Vessel loaded
16) Seller sends invoice, shipping documents, and SGS certificate to Buyer
17) Payment release
18) Shipment arrives at port of discharge

Updated: August 26, 2023

13B, Jalan Kenari 17D, Bandar Puchong Jaya, 47170 Puchong,

Selangor, Malaysia. Tel: +603-80716033