What is the first step in the purchase procedure?

The initial step is for the buyer to sign a Non-Circumvention, Non-Disclosure, and Working Agreement (NCNDA) with QALCA INC.

How does the buyer express their intent to purchase?

The buyer needs to send an official Letter of Intent (LOI) to the Manufacturer via our agency.

What can the buyer expect after sending the LOI?

The Manufacturer will respond to the LOI by providing an official Full Corporate Offer (FCO).

What is the next step after receiving the FCO?

Upon receiving the FCO, the buyer is required to make payment for the Commercial Invoice and send it, along with a Company Certificate, to the Manufacturer.

How does the buyer initiate the payment process?

The buyer should initiate a draft letter of credit (LC) at sight for 20% of the total contract value based on an MT700 LC at Sight, Confirmed, Revolving, and Irrevocable LC with full guarantee from the buyer's bank for the total contract value.

When should the buyer's bank activate the LC?

The buyer's bank should activate the LC within 14 days of the issuance of the Commercial Invoice and release the Letter of Credit (LC) to the bank or financial institution for issuance.

What about a trial?

The buyer may request a trial, of a minimum of 30,000 MT, to be sent as the first delivery. This quantity will be in addition to that requested on the LOI and will not be paid for separately, but must be accounted for and listed in the SPA.

What are your minimums?

The MOQ available for the total contract will be 100,000 MT. As well, the minimum for delivery will be 30,000 MT per month.