Letter of Intent (LOI)
Buyer submits LOI allowing soft probe or LOI & BCL. 2. Seller issues FCO. 3. Buyer returns signed and stamped FCO. 4. Seller issues Contract with full banking. 5. Buyer and Seller sign and exchange contracts. 6. Seller provides Proof of Product. 7. Buyer's Bank opens Letter of Credit. 8. Shipment commences as per contract.