Order Process Steps:

Published by Admin on September 27, 2023

Order Process Steps:

We understand that strong relationships between buyers and suppliers are crucial for growth. Building strong and trustworthy connections with vendors may be even more valuable than improving business efficiency. This is a vital factor for achieving success, particularly for suppliers.

If you request a competitive price with CIF or FOB terms, we require more information about your inquiry. This includes details such as quantity, packaging, shipping method, payment terms, destination port, delivery time, and target price.

STEP 1:
Letter of Intent – LOI
Please provide us with your inquiry details in the form of a formal company LOI. It is important to specify the quantity, product analysis, destination port, payment terms, delivery time, and target price.

STEP 2:
Soft Corporate Offer – SCO
You will receive Masterexim SCO via email. We will provide the best quality and a fair price, taking into account the details specified in your LOI.

STEP 3:
Irrevocable Corporate Purchase Order – ICPO
Once the BUYER agrees to the terms and conditions outlined in the SCO, they should send us an ICPO in order to receive the PI (Performa Invoice).

STEP 4:
Banking and Accounting Processes
During this step, if the payment method is TT (Telegraphic Transfer), we require Proof of Funds (such as BCL – Bank Comfort Letter). For LC (Letter of Credit) payments, our Financial department will request an LC Draft from the Buyer’s bank account. Additionally, banking affairs and transportation from the production plant to the loading port will be handled accordingly.

STEP 5:
Loading the Shipment onto the Vessel and Inspection at the Port of Loading (POL)
During this step, coordination will take place for inspection procedures and the docking of the bulk vessel at the Port of Loading (POL). Once the vessel is ready, our logistics team will commence the loading process of the commodities onto the vessel.