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Procedures for bonded warehouse:
1. LOI
2. FCO/SPA
3. Proforma invoice
4. Draft BG/SBLC for total value
5. Official letter and passport copies by buyer
6. Invitation letter from seller
7. Site visit
8. Issuance of BG/ SBLC
9. Shipment to bonded warehouse
10. TT payment
or
1. LOI
2. FCO/SPA
3. Proforma invoice for transportation/documents to bonded warehouse (TT payment for transportation or BG )
4. Draft BG (if used)
5. Site visit
6. Issuance of BG / TT payment
7. Shipment to bonded warehouse
8. TT payment within the agreed period