Used Rail

13. Seller arranges 2% Performance Bond

12. Buyer raises L/C

11. Seller issues Pro-forma Invoice

10. If no Visit Buyer signs contract and returns to seller via Electronic mail

9.  If visit arranged Buyer signs contract in the yard

8.  Seller notifies Buyer which yard to visit and provides Invitation Letter if required

7.  Buyer arranges a POF MT760 through bank to bank

6.  Buyer registers interest is visiting stock

5.  Seller prepares Pro-forma Invoice if supply is Spot

4.  Seller prepares Draft Contract if supply is monthly

3.  Buyer stamps, signs and returns FCO

2.  Seller issues FCO

1.  Buyer submits LOI or ICPO listing requirement.