Forms

Copy right ‘OTOPARK’ 2002

We work and cooperate with end Buyers, Buyers’ mandates and brokers

You have permission to freely ask for documents, specifications and price lists from this site.

Price lists on this site are base, not final. For final prices, please ask Terms for Inquiry

Before we go into any type of exchanging official documents, we demand on signing of NON- CIRCUMVENTION - NON-DISCLOSURE AGREEMENT - NCNDA.

Bank Comfort Letter BCL must be fresh dated (not older then 7 working days)

Letter of Intend LOI must be on Buyers letterhead

When signing Full Corporate Offer FCO, please fill in full contact info Long terms Contracts will go under Revision of price every 12 months.

Documents which will be issued from us are confidential and it is forbidden to be shown to third party without our exclusive permission!

Procedure for doing business with brokers and Buyers mandates:

1) We sign NCNDA with broker, agent, or Buyers mandate

2) Buyer submits Letter of Intent (LOI) and Bank Comfort Letter (BCL)

3) Seller issues the FCO.

4) Buyer accepts and agrees the terms and conditions of the FCO by counter signature & companies seal and returning it to the seller.

5) Seller issues draft contract with full banking. Draft Contract shall be signed by both parties and sent via fax that will be deemed as original and valid.

6) We sign FPA with broker, agent or Buyers mandate

7) Hard copies of the Contract to be issued by the Seller, signed and exchanged with the Buyer.

8) Seller and Buyer will lodge the hard copies of the Contract with their respective banks.

9) The Buyer bank provides Proof of Funds to the seller’s bank. The Proof of Funds is the operative or non-operative LC (Letter of credit).

10) Seller will provide the Proof of Product Bank to Bank. The prime banks only supply the POP after the LC has been established.

Some US banks have already implemented it while others are considering it.

Please note that some banks do not offer Proof of Product—POP service and it is a lawyer who will do it.

11) Buyer will present pre-advised L/C to be approved by Seller's Bank.

12) Seller will issue 2% Performance Bond to activate the Letter of Credit.

13) Delivery and shipment commence as per Contract

NOTE: we will not change procedure as per Buyer/Broker/Agent requests.

Please ask and read the important notes about the samples policy ,SUPPLY of SAMPLE principles .

Please ask for all forms by e-mail, so that we could send required documents for you to fiil in.

General Terms

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