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PROCEDURE
The business consists of two phases, pre-contractual and contractual.
Pre-contractual Phase
1. The Buyer signs a Commercial Agreement with Gatti & Rocha, Clauses of Confidentiality, Pre-contractual Responsibility, Commitment not to Deal with Third Parties, Non-Performance, Non-Renunciation, Force Majeure and Bad Faith.
2. The Business is conducted on Gatti & Rocha's Intranet (App or Site), a safe environment with Chats, Reports, Opinions and Files, access only to interested parties.
3. Gatti & Rocha presents Due Diligence documents during the procedure, whether in the pre-contractual, contractual or contract execution phase.
4. Due Diligence documents are Commissory Letters, Memorandum of Understandings and Due Diligence Reports.
5. The Due Diligence Report is sent to the Supplier with the Legal Opinion of Dr. Oriwaldo Rocha (Dr. Rocha), informing that the Purchase has gone through Due Diligence and meets all legal and financial requirements for the deal.
6. Gatti & Rocha have negotiating power to agree on the target and terms and conditions.
Contractual Phase
1. The Buyer sends a directed and banked LOI. The LOI must present attachments: Passport + Company Registration + Import License + BCL/RWA + Certificates with QRCode (Chinese Purchase).
2. Sale responds with SCO.
3. Buyer sends signed SCO.
4. All parties sign NCNDA (Traders, Brokers and Buyers).
5. Selling responds with Vendor data for Buyer to send ICPO + BCL/RWA.
6. Buyer sends targeted ICPO + BCL/RWA.
7. Sales replies with SPA.
8. Buyer signs SPA and sends POF via MT799.
9. The Sale receives POF and authorizes the Buyer to visit the mill or mills to verify product, capacity, etc. However, the documents will only be exchanged Bank to Bank after the Bank communication is opened, i.e. the Buy sends POF via MT799 and the Sale responds with POP.
10. The Buyer will only open the Letter of Credit (SBLC/DLC) after visiting the mill or receiving the POP via bank.
11. Shipment occurs 30/45 days after confirmation of Letter of Credit by Sales.
12. Payment is at Port of Origin against presentation of SGS + B/L documents via MT103.
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