Conditios & Procedures

The following „Conditions & Procedures“ are firm and not negociable. 

1. Delivery: all deals will be only on CIF basis
2. Payment:
(a.) by irrevocable, confirmed, non-transferable and non-divisble D/LC if „Steinweg“ is doing the quality and quantity control and the shipment (for buyers from different countries) or
(b.) only for Turkish buyers: by SBLC, payment release within 7 days after buyer´s quality & quantity control in the unloading port (request of Turkish buyers)
Any other kind of payment is not accepted.
For sellers: never ask for deposit / TT or any kind of advance payment
For buyers: never ask for payment after receipt of the goods in the unloading port without giving a BG
3. Seller´s bank must have a correspondence bank in the EU.
4. For quality & quantity control - on seller´s costs - „Steinweg“ or „Alex Stewart“
5. Shipment: „Steinweg“ or „Easy Shipping Company
6. Requested Documents:
Sellers: must present the following documents for due diligence:
1. Company / Business Licence - 2. Foreign Trade Registration / Export Licence - 3. Bank Account Licence - 4. Copy of Tax Registration - 5. ISO Certificates - 6. Audit Reports - 7. Copy of the ID-card of the director /general manager of the company
Buyers: must present: 1. Company Licence - 2. POF (Proof of Availability of Funds) - 3. Copy of the ID-card of the director/general manager
7. Working Agreement
Both, sellers and buyers, have to sign our „Working Agreement“
8. Draft Contract/SPA
9. Offers / Inquiries must be written on company paper with letterhead, signed and sealed.
Otherwise we will not take them into consideration.

PROCEDURES

1. Buyer´s consulting company issues this inquiry as to its „General Business Conditions“ for and behalf of the buyers and on their own responsibility
2. Seller:
(a.) signs and seals this inquiry
(b.) issues FCO on company paper with letterhead, signed and sealed +
(c.) adds the technical product data sheet 
(d.) sends his complete set of company documents for due diligence:
(1.) Company / Business Licence - (2.) Bank Account Licence (and the complete bank coordinates and contact data of the  bank officer) - (3.) Foreign Trade Registration / Export Licence - (4.) Copy of Tax Registration - (5.) ISO Certificates - (6.) Audit Reports -  (7.) Copy of the ID-card / passport of the company owner / manager
3. Buyer´s consulting company sends to the seller his „Working Agreement“ + the draft contract for amendments 4. Seller signs and seals our „Working Agreement“
5. Buyer and seller sign and seal the contract and lodge it to their banks
6. Buyer opens a non-operative D/LC or SBLC
7. After the receipt of the D/LC or SBLC, the seller issues an irrevocable pay order in our favor`
8. Seller´s quality & quantity control (on his own expenses) and loading / buyer´s surveillance if requested
9. POP vs. POF bank to bank
10. Payment release