ZN Trading reviews

Company Information

Established in the year 2005. Corporate office is located in Toronto, Canada. Mainly working as supplier's mandate.

PROCEDURE AND TERMS.

01. BUYER ISSUES LOI WITH SOFT PROBE AUTHORIZATION AND/OR BCL
02. SELLER SENDS FCO TO BUYER FOR APPROVAL, BUYER SIGNS AND RETURNS TO SELLER.
03. SELLER ISSUES DRAFT CONTRACT IN FAVOR OF THE BUYER
04. BUYER RETURNS THE DRAFT CONTRACT TO THE SELLER, VIA FAX OR EMAIL, DULY SIGNED AND SEALED WITHIN 5 DAYS OF RECEIPT. ALL CHANGES MUST BE MADE AT THE SAME TIME.
05. ALONG WITH THE DRAFT CONTRACT THE BUYER WILL SEND THE DRAFT COPY OF THE PROPOSED TEXT OF THE LETTER OF CREDIT FOR SELLERS APPROVAL.
06. SELLER REVIEWS AND CONFIRMS ANY CHANGES MADE IN DRAFT CONTRACT, IF IN AGREEMENT SELLER ISSUES FINAL CONTRACT
07. BUYER RETURNS FINAL CONTRACT TO THE SELLER, VIA FAX OR EMAIL, DULY SIGNED AND SEALED WITHIN 5 DAYS OF RECEIPT.
08. BUYERS BANK ISSUES NON-OPERATIVE, CONFIRMED LETTER OF CREDIT TO SELLERS BANK
09. SELLERS BANK SENDS PROOF OF PRODUCT, INCLUDING ALL CERTIFICATIONS, TO BUYERS BANK AND DRAFT PB TO BUYER.
10. SELLER ISSUES NON-OPERATIVE 2% PB IN THE FORM OF A STANDBY LETTER OF GUARANTEE/CREDIT
11. ACTIVATION OF THE PB AUTOMATICALLY ACTIVATES LC.
12. DELIVERY AND SHIPMENT COMMENCE AS PER MUTUALLY AGREED SCHEDULE
DELIVERY: 30/45 DAYS AFTER SELLERS BANK ACCEPTANCE OF BANKING FINANCIAL INSTRUMENT ISSUED BY BUYERS BANK.