Common use of Business Procedures Clause in Contracts

Business Procedures. ▇▇▇▇▇ and Seller or seller’s partners / agents discuss and negotiate final terms and conditions on Sales and Purchase Agreement. 1) ▇▇▇▇▇ signed on every page of this SPA. 2) Seller initials on every page, prints, signs, and seals and returns the contract to the buyer. Demo SAMPLE SPA NEW VISION HOLDING 3) Buyer counters sign and seals the contract and sends via E–mail or Fax to seller. 4) The Buyer issues the Irrevocable, Confirmed, Transferable, Documentary LC 100% at Sight (MT 700) for the Trial and after for monthly cargo value within 5 (Five) banking days after receipt of Proforma Invoice. This Documentary LC must be payable within five (5) banking days of Buyer’s Bank receives. Shipping Documents. 5) On second delivery and onwards, the Buyer shall issue the Documentary LC within eight (8) banking days upon receipt of seller’s Pro-forma Invoice. All documents from the third party accepted by the Buyer. 6) The Seller will provide the Buyer with the following documents for shipment: 1. A Full Set, Ocean Bill of Lading, Clean on Board, Made Out to Order of Applicant, Marked ‘Freight Prepaid’. 2. Original quantity and quality certificates plus two (2) copies as issued at loading port by an independent Surveyor Company CCIC / SGS / Bureau Veritas (BV). 3. Certificate of origin plus two (2) copies countersigned issued by a local chamber of commerce. 4. Original signed commercial invoice plus two (2) copies based on the delivered quantity/quality as determined by clause 9.3 of this contract. 5. Original Packing list and 2 copies showing Gross/Net. 6. Full set, (including one original and one copy) of insurance policy for 110% of the invoice value against all risk (Institute Cargo Clause-A). 7. Veterinary Health Certificate in 1 original and 2 copies 8. Certificate of Export Declaration by Seller / Producer in 1 original and 2 copies.

Business Procedures. ▇▇▇▇▇ and Seller or seller’s partners / agents discuss and negotiate final terms and conditions on Sales and Purchase Agreement. 1) ▇▇▇▇▇ signed on every page of this SPA. 2) Seller initials on every page, prints, signs, and seals and returns the contract to the buyer. Demo SAMPLE SPA NEW VISION HOLDING. 3) Buyer counters sign and seals the contract and sends via E–mail or Fax to seller. 4) The Buyer issues the Irrevocable, Confirmed, Transferable, Documentary LC 100% at Sight (MT 700) for the Trial and after for monthly cargo value within 5 (Five) banking days after receipt of Proforma Invoice. This Documentary LC must be payable within five (5) banking days of Buyer’s Bank receives. Shipping Documents. 5) On second delivery and onwards, the Buyer shall issue the Documentary LC within eight (8) banking days upon receipt of seller’s Pro-forma Invoice. All documents from the third party accepted by the Buyer. 6) The Seller will provide the Buyer with the following documents for shipment: 1. A Full Set, Ocean Bill of Lading, Clean on Board, Made Out to To Order of Of Applicant, Marked ‘Freight Prepaid’. 2. Original quantity and quality certificates plus two (2) copies as issued at loading port by an independent Surveyor Company CCIC / SGS / Bureau Veritas (BV). 3. Certificate of origin plus two (2) copies countersigned issued by a local chamber of commerce.. Demo 4. Original signed commercial invoice plus two (2) copies based on the delivered quantity/quality as determined by clause 9.3 of this contract. 5. Original Packing list and 2 copies showing Gross/Net. 6. Full set, (including one original and one copy) of insurance policy for 110% of the invoice value against all risk (Institute Cargo Clause-A). 7. Veterinary Health Certificate in 1 original and 2 copies 8. Certificate of Export Declaration by Seller / Producer in 1 original and 2 copies.