Procedure 1 : BLOCK FUND AT SIGTH

1. Buyer sends full ICPO + BCL
2. Seller sends Proforma invoice + BL copy to buyer
3. After verification Buyer’s bank contact seller bank
4. Seller’s bank issues Purchase Agreement
5. Buyer approves Purchase Agreement
6. Seller’s bank send scan copies.
7. Buyer opens his BLOCK FUND
8. After notification bank to bank Seller prepares documents for shipment within the time frame provided by buyer and send documents
9. After confirmation buyer bank releases payment by MT 103
10. Seller’s starts shipping for Buyer’s destination

Procedure 2 : BLOCK FUND AT DESTINATION

1. Buyer send full ICPO + BCL
2. Seller sends Proforma invoice + BL copy to buyer
3. After verification Buyer’s bank contact Seller’s bank
4. Seller’s bank issues Purchase Agreement
5. Buyer approves Purchase Agreement
6. Seller’s bank sends scan copies open his BLOCK FUND
7. After notification bank to bank Seller’s prepares documents for shipment within the time frame provided by buyer and send documents
8. Seller’s starts shipping for Buyer’s destination
9. At arrival, Buyer’s bank issues payment by MT 103 after Q&Q
   NB: A GARANTY OF 10% IS ALLOWED IF BUYER DOES NOT PAY AT DESTINATION

Procedure 3 : MT 103/72 AT SIGHT

1)Buyer sends full ICPO + BCL
2)Seller sends SPA & PI
3)Buyer’s bank sends MT103/72 or conditional MT103 for verification of documents to Seller’s bank
4)After confirmation of swift MT103/72 Seller’s bank sends all documents (negotiable and non negotiable)
5)Buyer’s bank makes all verifications
6)Buyer’s bank pays through MT 103
7) The Delivery is done within the time provided

For any information please do contact us at: infojointhetrade@gmail.com or visit our website

: www.jointhetrade.com