Nitrile Gloves - Cranberry, Cardinal, Ansell, VGlove

FOB Price 18.5 - 21.95 USD / Box

MOQ	1000000 Boxes
Lead Time	10 Days

Product Details

Production:

Cranberry Evolve (300)

Price CIF: 18,50$ all in
Commission: 0,50$ Buyer Side Open – starts from you
Markup: 50/50

Cardinal Health “Flexal” (200)

Price CIF: 18,00$ all in
Commission: 0,50$ Buyer Side Open – starts from you
Markup: 50/50

Ansell MTMT (300)

Price CIF: 21,50$ all in
Commission: 0,50$ Buyer Side Open – starts from you
Markup: 50/50

SOP:

Buyer sends LOI, KYC INCLUDING BANK INFORMATION (seller needs to know which bank will issue the SBLC)

Seller sends this SOP including verbiage SBLC so buyer can discuss with the banker

Seller and Buyer have a soft call to explain the procedure

Seller sends FCO

Buyer Signs FCO after filling in all missing information, in acceptance of the offer and the whole

procedure.

Seller locks the allocation for 48 hours within which the Buyer has to proof up funds OR issue the

SBLC RWA from its bank

Seller updates the RWA draft SBLC (attached in this FCO Annex 7 SEE UNDER) to be signed by

the Buyers banker (top 50) with the coordinates of the financial partner that will prefinance the order

(can only de done AFTER the bank of the Buyer is confirmed in the FCO)

Buyer bank executes draft copy of MT760 and sends it (directly or through the Buyer) to Seller /

Seller Mandate emails.

Seller sends Allocation letter and DRAFT SPA (in most cases exact copy of the FCO converted in

SPA) to Buyer and Buyer reverts signed after review in agreement with Seller.

Seller signs reviewed SPA and Seller issues Commercial Invoice (CI) to be lodged in both

operational banks.

Buyers bank opens MT760 (SBLC) as approved in point 7 in favor of Sellers financial partner within

5 working days from signature of SPA from the same top 50 bank that has emitted the RWA draft of the SBLC and MT799 pre advise/MT760 is sent by SWIFT message according to the standard bank protocol.

Sellers financial partner bank receives MT760 and within shortest practicable time confirms the instrument from Buyer’s bank by SWIFT message according to the standard bank protocol.

Upon bank confirmation payment instrument, sellers initiate production/movements of stock to

departure Port and organize shipment by Sea-freight according to the SPA.

Seller books SGS in the name of the buyer.

Seller provide SGS – Bill of Lading - Packing list – Safety data sheet and all relative gloves

documentation in original copy.

Buyer received shipment at destination.

Buyer inspect the stock – if wanted can commission own SGS at own expense.

Buyer confirm and accept stock plus documents.

Buyer release funds immediate through Bank transfer MT103

*validity only while stock and availability last

**I'm the seller mandate

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