Posts Tagged ‘FCO’

Used Rail Scrap Transaction Procedures

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1) Seller issues complete FCO with details including and passport numbers. 2) Buyer sign seller FCO and return with signed and sealed ICPO. 3) Seller issues draft contract, both party signed and seal lodged with respective banks. 4) Seller nominate an Escrow account for deposit of 3% of first month shipment 5) Buyer/seller counter sign [...]

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