In the world of International trade, time is a valuable commodity.  It is, therefore, the policy of ICI to operate expediantly and efficiently. 

Communications will be in the form of actual documents, ensuring that all correspondence is documented at each stage of the transaction process.

A complete set of accurately executed documents must be presented prior to submission of your request to our suppliers. Improperly completed documents or insufficient packets will not be submitted. The Seller will only become aware of your company when the complete set of your preliminary documents (LOI + POF or BCL) are presented.  Only then will the Seller issue an FCO to further the transaction process.  This operational procedure will be pedantically followed for every transaction pursuant to the strict requirements of the Sellers.

Our General Rules of Procedure 

1. Parties sign NCNDA/IMFPA according to the standards of the International Chamber of Commerce (I.C.C.) - usually valid (binding) for 5 years.
2. Buyer or Buyer Mandate sends LOI and BCL or POF with right to Soft Probe.
3. Seller or Seller Mandate issues FCO to Buyer.
4. Buyer signs, seals, and sends FCO together ICPO to Seller.
5. Banking approval - preadvise of cash for the first shipment.
6. Buyer and Seller sign Contract.
7. Buyer shall issue SWIFT non-operative irrevocable, confirmed, non-transferable, L/C at sight within 3 to 5 international banking days for the full payment of the shipment.
8. Seller shall issue 2% Performance Bond (PB) to Buyer.
9. Delivery commences as per Contract.
10. Mandate/Agents/Intermediaries are paid as agreed per NCNDA.