Power & Electricity equipment –

Sales Procedure –

Buyer Letter of Intent, Proof of fund, Seller quotation (free on board /cost, insurance, freight basis), buyer confirmation of quotation, draft (SPA) Sales Purchase agreement, final SPA. Business transaction begins

Note: for heavy duty equipment, buyer should be able to give confirmed payment instrument such Standby letter of credit (SBLC) from top tier bank or confirmed through a top tier bank against Seller performance bond.