MINERS PHILIPPINE
   
 
  PAYMENT PROCEDURES

TO SAVE TIME, THIS PAGE IS ALSO INTENDED AS SCO.
Our procedure is very simple to all reliable buyers.

1.
 
Official Letter of Intent
    from the buyer.
 
2.
 Acceptance and/or FCO
     by the seller.


3. Seller issued Draft Contract
    to the buyer.


4. Buyer review the draft
    contract and make
    changes for seller's
    final approval.


5. After reviewing the
    Draft Contract, if both
    parties agreed, seller and
    buyer sign a MOA.


6. After signing the MOA,
     the buyer can go to
     visit the mine site.


7.  Buyer provide BCL
     (Bank Comfort Letter)
     stating that you have enough
     money to pay the product 
     that you are ordering.

8.  Buyer provide Draft copy
     of L/C plan to use as payment 
     instrument with all blanks  
     filled out except for signatures
     of all bank people concerned.
   

   Note: NELA AGCOM INT'L. would like to see
              the terms and conditions of the L/C
              if it is acceptable or not.  

             
9.  Seller issues 2% PB
     (Performance Bond) by
     top bank 20 world class
     upon buyer L/C opened.

10. After the visit, the buyer
      attorney review all
      documentations of the
 
      mine which will lead to
      the signing of the
      final Sales Contract.

 11. Let's Rock and Roll !

Please be guided accordingly!

TIME IS RUNNING OUT...go..go..go..!
 
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