CIF Standard Procedure
1. Seller issues SCO to Buyer. 
2. Buyer issues ICPO on corporate/company letterhead. 
3. Seller issues Draft Contract to Buyer. Buyer signs, seals, and returns the Draft Contract to Seller for finalities and returns the final pdf copy to the buyer company.
4. Seller sends full set of Partial proof of products. 
(A) Seller Irrevocable Commitment to Supply
(B) Statement of availability of product
(C) Certificate of origin
(D) Commercial invoice for the first value shipment.
(E) Product passport
(F) Company registration certificate  
5. Buyer issues DLC MT700 to Seller nominated Bank Account for First Month Shipment within seven (10) bank working days.
6. Seller’s Bank Issues Full POP Documents to the Buyer’s Bank alongside with 2% Performance Bond. 
7. Shipment commences as per signed contract delivery schedule and the shipment should arrive at Buyer’s discharge port within 5-14 days. The SGS inspection will be borne by the Seller at the loading sea port and Buyer at the unloading sea port.
8. Upon arrival, buyer releases full payment to Seller by TT/MT103 upon receipt of the shipping documents and confirmation of the Q&Q by SGS/CIQ at destination port.