A classic example of an exit process

Trading Consultation Nanjing Cisco Textile & Garment Co., Ltd. NANJING SICO TEXTILE GARMENT CO.,LTD, hereinafter referred to as Cisco Company, was established in 1992. It is a trading company approved by the Ministry of Foreign Trade and Economic Cooperation with import and export management rights. business. The company has a number of subordinate factories, and its products are mainly exported to Europe, the United States and Canada, Japan and other countries and regions. Canadian customer FASHION FORCE CO., LTD hereinafter referred to as FF company and Cisco company is a business partner for many years of cooperation.

On December 2, 2000, FF faxed a notice to make a women's cotton blouse, and mailed fabrics, color samples and a ready-made garment sample to Cisco, requesting that Cisco deliver the product before March 25, 2001. Return the fabric, color sample and two different types of garment samples for confirmation.

On the morning of December 8, 2000, Cisco received the sample and immediately contacted Wuxi Lily Textile Co., Ltd. (face and accessories factory, hereinafter referred to as Lily Textile, according to the sample provided by FF company to play quality samples and color cards, then Mailed to FF for confirmation with DHL.

On December 12, 2001, FF received a sample sent by Cisco, and the response was confirmed. It asked Cisco to send two more samples of different types of garments for confirmation. Following this notice, Cisco immediately contacted Wuxi Seasons Garment Co., Ltd. (apparel processing factory, hereinafter referred to as seasonal garments and ready-made garment samples.

On the afternoon of December 17, the garment processing factory sent two different types of ready-to-wear samples to Cisco. On the same day, Cisco again sent the ready-made samples to FF for confirmation by DHL.

On December 22, FF received samples of ready-to-wear garments sent by Cisco, confirmed that it was qualified, and asked Cisco to quote. On the same day, Cisco issued a quotation to FF based on the requirements of the instructions, based on the quotation of the surface and accessories factory and the garment factory, and the company's profit.

After several rounds of negotiations, on December 26, the two sides decided to complete the quotation of USD12.80 per piece. FF asked Cisco to fax its signature to the quotation contract and fax the invoice for the issuance of a letter of credit.

After the contract is signed, both parties will make modifications and final confirmation of the details of the garment.

â—†Instruction â—†Quotation â—†Export Contract â—†Formal Invoice

Second, the implementation of the letter of credit

On January 31, 2001, Bank of China Jiangsu Branch notified Cisco that it had received a letter of credit from FF Company via BNP PARIBAS CANADA & MONTREAL Bank number 63211020049.

The terms relating to the manuscript documents are as follows:

1. Issuing bank: BNP PARIBAS (CANADA) MONTREAL

2. Notification Bank: Bank of China, Jiangsu Branch

3. Irrevocable letter of credit number, date of issue: January 29, 2001

4. Validity and location of the letter of credit: April 10, 2001, China

5. Applicant: FASHION FORCE CO., LTDP.O.BOX 8935 NEW TERMINAL, ALTA, VISTA OTTAWA, CANADA

6. Beneficiary: NANJING SICO TEXTILE GARMENT CO., LTD.HUARONG MANSION RM2901 NO.85 GUANJIAQIAO, NANJING 210005, CHINA

7. Letter of credit amount: USD32640.00

8. Product Description: SALES CONDITIONS: CIF MONTREAL/CANADASALES CONTRACT NO. F01LCB05127LADIES COTTON BLAZER 100COTTON, 40SX20/140X60STYLE NO. PO NO. QTY/PCS USD/PC46-301A 10337 2550 12.80

9. Partial shipment and transshipment: Partial shipment is not allowed, transfer is allowed, and it is shipped from China to the port of Montreal, Canada.

10. Later shipment period: March 25, 2001

11. Negotiation documents: Six commercial invoices, signed by the beneficiary's representative. Four copies of the Canadian Customs invoice. 3/3 full set of original clean bill of lading that has been shipped to the ship. The person who is on board is “TO THE ORDER OF BNP PARIBAS (CANADA”, which shows the freight prepaid. The informant is the name and address of the issuer. The detailed packing list is three. GSP origin A copy of FORM. A copy of the Canadian Textile Export License. Beneficiary Certificate: Proof of the original GSP certificate of origin, the original Canadian textile export license, a copy of the commercial invoice, a detailed packing list within 5 days after shipment. A copy of the original copy of the original bill of lading must be sent directly to the issuer by courier and accompanied by a receipt of the courier. A fax confirmation letter from the issuer is provided to confirm that the sample produced before shipment is approved by the issuer. The carrier is printed. Proof, showing the name and address of the carrier, the ocean bill of lading number, the container number, and the carrier's container does not contain any support or tray made of native wood, and any other native wooden packaging materials.

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