OFFICIAL TRANSACTION PROCEDURE ON CIF 1. Buyer issues (ICPO) must be with buyer company letterhead. 2. Seller issues Draft Contract (open for any amendments) to Buyer. Buyer signs, seals, and return the Draft Contract to Seller for final endorsement. 3. Seller gives Partial Proof of Products. Certificate of Origin, Commitment to Supply Product Passport Statement of Availability of the product Company Registration Certificate 4. Buyer issues their Financial Guarantee (DLC MT700) to cover the first shipment to seller's bank in Five (5) working Days. 5. If Buyer fails to issue DLC-MT700 in 5 working days, in alternative buyer shall make Security Guarantee Deposit of 5% via T.T Wire from total value of the Contract to seller fiduciary bank account as performance to secure the allocation, which will be deducted from the first shipment. 6. Upon confirmation of buyer's DLC-MT700 or Security Guarantee Deposit of 5% via T.T Wire to Fiduciary seller's bank, seller will is...