ZN Trading

Established in the year ***5. Corporate office is located in Toronto, Canada. Mainly working as supplier's mandate. PROCEDURE AND TERMS. *1. BUYER ISSUES LOI WITH SOFT PROBE AUTHORIZATION AND/OR BCL *2. SELLER SENDS FCO TO BUYER FOR APPROVAL, BUYER SIGNS AND RETURNS TO SELLER. *3. SELLER ISSUES DRAFT CONTRACT IN FAVOR OF THE BUYER *4. 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. *5. ALONG WITH THE DRAFT CONTRACT THE BUYER WILL SEND THE DRAFT COPY OF THE PROPOSED TEXT OF THE LETTER OF CREDIT FOR SELLERS APPROVAL. *6. SELLER REVIEWS AND CONFIRMS ANY CHANGES MADE IN DRAFT CONTRACT, IF IN AGREEMENT SELLER ISSUES FINAL CONTRACT *7. BUYER RETURNS FINAL CONTRACT TO THE SELLER, VIA FAX OR EMAIL, DULY SIGNED AND SEALED WITHIN 5 DAYS OF RECEIPT. *8. BUYERS BANK ISSUES NON-OPERATIVE, CONFIRMED LETTER OF CREDIT TO SELLERS BANK *9. SELLERS BANK SENDS PROOF OF PRODUCT, INCLUDING ALL CERTIFICATIONS, TO BUYERS BANK AND DRAFT PB TO BUYER. *0. SELLER ISSUES NON-OPERATIVE 2% PB IN THE FORM OF A STANDBY LETTER OF GUARANTEE/CREDIT *1. ACTIVATION OF THE PB AUTOMATICALLY ACTIVATES LC. *2. DELIVERY AND SHIPMENT COMMENCE AS PER MUTUALLY AGREED SCHEDULE DELIVERY: *0/*5 DAYS AFTER SELLERS BANK ACCEPTANCE OF BANKING FINANCIAL INSTRUMENT ISSUED BY BUYERS BANK.