PROCEDURES

PROCEDURES AND CONDITIONS COMMODITY TRADING TRANSACTIONS WITH WISE EAGLE

For buyers, we suggest evaluating the sales procedures before requesting a quote, in this way, it will be possible to prepare your company to comply with the procedures within the agreed deadlines.

DO NOT SEND LOI – Most will be discarded when we receive.
In order for you to be assertive in your negotiation with WISE EAGLE , with regard to agricultural commodities, care fully follow the items below
First of all: Consult the global market, as it dictates prices.

1 – Set your target price
2 – See if your company is ready to submit a Proof of Funding – POF, which can be an RWA or BCL
3 – Request a quote

PROCEDURE OF THE WORK:

Request a quote from info@wiseeagle.com.tr

After receiving the supply proposal, check if your company is ableto pay the quoted price and if your company can issue a financial instrument through one of the 50 largest banks in the world, Check the website below, and see if the bank where your company has credit is included in the list of TOP Prime 50 banks:

* Bank rankings top banks in the world

If you agree with the terms,
Issue a Letter of Intent-LOI or Irrevocable Corporate Purchase Order-ICPO. If you choose the first option, you will also need to send proof of funds (BCL or RWA)
Note: Our supplier will only issue the contract and the proforma invoice to buyers who can prove their purchase capacity.
After we receive the LOI / ICPO, our supplier will issue a Full Corporate Offer-FCO within 72 hours to Buyer to accept signs tampandre turn to Seller.
The presentation of the BCL or RWA as POF (Proof of Funds), constant of item 4, it is essential for the continuity of the negotiation.
All documents sent must be issued on headed paper, stamped, signed by the CEO and CFO in PDF format.
The buyer returns the FCO signed and stamped on headed paper, to get her with ICPO, within 48 hours
Seller shall issue Proforma Invoice and Draft Sales and Purchase Agreement (SPA) to Buyer to signandre turn to Seller.
The buyer, within 48 hours, returns the Poforma Invoice and Draft Sales and Purchase Agreement (SPA ) signedands tamped
The Seller duly signs company seal on SPA and send to Buyer. The SPA shall be operated when signed and company seal by the Buyer and the Seller.


The Buyer send Bank Confirmation letter directly to the Seller that mentions the name of the Seller.
Upon signing of contract, buyer must within a maximum of TEN (10)banking days, issue an irrevocable, transferable, confirmed, revolving at sight L/C –SBLC or BG " (MT700/MT760) equivalentto %100 of the shipment permonthmetric ton throughone of the 50 largest banks in theworld,
A draft of irrevocable transfer able confirmed revolving at sight L/C–SBLC-BG-” is requestedby seller for examination
The seller returns the above bank instrument with possible changes
The banking instrumentmust be transferable, irrevocable, operational, renewable and confirmed by one of the Top Prime 50 banks.
After the bank instrument is opened, theseller’s bank sends it to the bank from the buyer a Performance Bond (PB) of 2% in thevalue of a shipmentand a POP (Product Proof) within 10 working days;
Payment MT103 cash transfer as perpresentation of the shipping documents (B/L + SGS)
Seller starts transporting.
At loading port SGS (Society General De Surveillance) shall complete inspection of cargo. The parties irrevocable agree that SGS is the official authorized inspection agency and their documents rule and are final under this Agreement.
Loading begins as perthe Delivery Schedule in theContract
Once payment document is received for the shipment, a complete set of original document will be sent to Buyer.
Once SGS Inspection Report, the payment amount will be released 100% for each shipment value within 48 hrs at the port of Loading.

FINALLY IT SHOULD BE HIGHLIGHTED THAT

The presentation of the BCL OR RWA as POF (Proof of Funds), onstant item 4, it is essential for continuity of negotiation
Alldocuments sent must be issued on headed paper, stamped, signed by the CEO and CFO in PDF format
Documents such as LOI / ICPO will only be analyzed and accepted ifare in accordance with the seller’srequirements, such as:

Form of payment;
Form of Guarantee;
TargetPrice (As peravailableoffer);
Bank (Top Prime 50);
And other procedures


PAYMENT METHODS

Payment of 30% against proforma invoiceand 70% after sending shipping documents Note: Only for fractional orders in container
SBLC + MT 103 | SBLC with value equivalent to one month of supply and maturity of 1 year and 1 day, irrevocable, unconditional, transfer ableand divisible. Issued by the TOP 50 bank and payment for boardingthe MT 103
DLC at sight, Conditional, Irrevocable, Transferable and Divisible Bank TOP 50
Payment against BL and SGS shipping documents, as noted above.
It is evident that SGS is the market leader in inspection, verification, testing and certification of companies, that is, it is recognized as a world reference in quality and integrity. For additional information, follow the website below:

www.sgs.com