FOREIGN
TRADE AGENCY SERVICES
TRADE PROCEDURES
& DOCUMENTATIONS
This page is to explain
the trade inquiry/procedures adopted and practiced by Link To Turkish Markets
in step by step fashion for those traders,importers and distributors
who have seen the product sell offers announced in this site and interested
to enter into negotiations
for the purchase or
the marketing rights of these products for their own markets . The
procedures mentioned here should not be mixed
with the general
procedures of expor/import transactions.Those visitors who have no
previous knoýwledge of foreign trade but interested
to export/import products
to/from international markets for their own businesses and are looking
for information to get some general idea
about the workings,
procedures of export/import transactions, PLEASE
CLICK HERE
TRADE PROCEDURES
Most of the the trade
procedures followed and practiced here in this website are mostly
based on the procedures of the United Nations International
Trade Procedures for the Sale of Goods.
These trade procedures
are as follow .
1*-
Product inquiry and/or quotation request by fax or e-mail stating the quality/quantity
details of the product in question
to Link To Turkish Markets
with full contact details e.g. name,tel/fax numbers (please note that inquireis
without full
contact details can
not be replied ) .
2 - As per the
request Link To Turkish Markets replies with an offer (if available)
for evaluation and negotiation.
3 - The buyer
accepts the offer terms,seller then issues a contract with full banking.If
the buyer doesn't accept the price and wants to negotiate further , the
buyer then is to issue a signed and a stamped LOI (lLETTEROF
INTENT
on the Buyers letterhead and/or (if required by the Seller) BANK
COMMITMENT LETTER
(BCL) for Proof of funds on Buyer's Bank’s letterhead which must be faxed
to Link To Turkish Markets for further negotiations.
4 - Seller
will then issue a full corporate offer (FCO) .
5 - Buyer
returns signed offer to seller.
6 - In the case
of large and/or bulk cargo shipments whicever party is responsible
for the carriage as per the delivery term of the offer makes a charter
party agreement for the carriage of cargo with a transport company and
informs the opposite party with the terms of this agreement e.g. the vessel
nomination,loading/discharge rates,demurrage/dispatch rates etc as to be
the part of sale contract.
7 - Seller
then issues a contract with full banking with a possible draft of the L/C
he wants to be opened in his favour
8 - Buyer returns
signed contract to seller
9 *
*- Buyer's bank opens L/C or Non-Operative
/ Pre-advise Letter of Credit in case of large shipments.
10 - Seller's
bank checks the L/C and if everything is okay as per the terms of sale
cantract informs the seller acoordingly
or in case of
bulk large shipments Seller's bank activates Letter of Credit by posting
Performance Bond in favor of buyer (if and when required)
11. Shipments
commence as per contract.
12. Seller usually
pays for Inspection at loading port.
(These procedures
may vary depending on the product,quantities and/or the Suppliers.)
Notes :
*Commissions
of any parties involved in the selling chain should be added to our quoted
price. If price and terms
are accepted by the
Buyer, Link To Turkish Markets will sign an NCND NON-CIRCUMVENTION,
Non-DISCLOSURE and WORKING AGREEMENT
to protect the business and your commissions as they will be included in
price stated in the sale contract.
*
*After opening the Letter of Credit by the
Buyers' Bank all Intermediary Commissions will be protected by AGENT'S
FEE AGREEMENT