Procedures

PRE-ADVICE  associated  with  IBM.SE TERMS & PROCEDURES:

1. Our Contract has been drawn by International Lawyers, complying with ICC International Trade requirements and rules of arbitration. These contracts are drawn to protect both the Seller and the Buyer, and are acceptable to prime world banks. Contractual amendments are time consuming and expensive, and we reserve the right to cancel any transaction prior to the issue of execution of the contract.
   
   
2. The format of our Financial Instruments has been confirmed acceptable to prime world banks.
   
   
3. In order to protect the Seller and the Buyer, our transactions are completed Bank-to-Bank, and comply with the ICC rules and standards for the International Trade.
   
   
4. IBM.SE has agreements with manufacturers worldwide to purchase their commodities. These agreements are privileged and confidential, and are designed to protect IBM.SE in the trading arena. Furthermore, this also protects the competitive prices afforded to our clients through our bulk-buying power. Therefore, there are no circumstances under which we will reveal our suppliers, nor do we allow factory visits, or provide historical evidence, and Delivery Documents sent to our buyer’s Bank will also be appropriately sanitized.
5. Delivery is restricted to harbours with twelve-meter draughts, and must be Non-USA sanctioned ports. Channel and Inland ports are not accepted.
   
6. The Financial Instrument requirements we must place on our clients are designed by our Bank to meet their security requirements (as well as IBM.SE security requirements), in order to provide certainty with regard to our client’s commitment, resources, and financial capability to proceed with and satisfy the whole transaction.
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8. All deliveries and contractual arrengements are, at all times, subject to final confirmation by the manufacturer factory.

IBM.SE TERMS & PROCEDURES:

1. Following initial discussions with the IBM.SE sales team, the buyer will email an LOI for the Goods it requires. This must occur within 24 hours of the initial discussions or the potential buyer’s details will be removed from IBM.SE records.
   
   
   
2. Within 48 hours following receipt of the LOI, IBM.SE will email its FCO to the buyer for the Goods it requires.
   
   
   
3. Within 48 hours following receipt of the FCO, the buyer will email its irrevocable purchase order (ICPO) and Bank Capability Letter (BCL) for the goods it requires, mirroring the terms and conditions stated in IBM.SE´s FCO.
   
   
   
4. Within 2 international banking days, IBM.SE will verify the Buyer’s capability bank-to-bank, and then email its Sales & Purchase Contract to the buyer for execution and electronic return. IBM.SE will then courier four hard copies to the Buyer at the address nominated on the Contract.
   
   
   
5. IBM.SE will counter-sign the Sales & Purchase Contract and electronically return the fully executed Contract to the Buyer, as well as provide Proof of Product Bank-to-Bank.
   
   
   
6. Within 5 international banking days of the Buyer having received the electronic fully executed Contract and Proof of Product, the Buyer’s Bank will provide the Buyer’s operative Financial Instrument to IBM.SE’s .
   
   
   
7. Within 2 international Banking days of IBM.SE’s  receiving the Buyer’s operative Financial Instrument from the Buyer’s Bank, IBM.SE’s Bank will provide its 2% Performance Bond, revolving for each month’s shipment.
   
   
   
8. Upon receipt of the four hard copies of the Sales & Purchase Contract, the Buyer will execute all four originals and courier them back to IBM.SE at the address nominated on the Contract.
   
   
   
9. IBM.SE will counter-sign the four hard originals of the Sales & Purchase Contract and courier 2 originals back to the Buyer at the address nominated on the Contract.
   
   
   
10. Shipping of the Goods will commence within 30-45 days from the date of receipt of the buyer’s payment instrument.

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