GlobalView pays considerable attention to its due diligence process for every principle we work with by researching and cross-checking the company's background, financial information and previous transactions.

Procedures:
Pre-contract negotiations are key to achieving a successful transaction. GlobalView has a strong legal and business team with vast experience in dealing with complex legal and business issues that require transactional experience.

      Commodity negotiation procedures*:

• Buyer issues ICPO or LOI and signs our NCNDA
• Seller issues draft FCO or Final Contract for review by Buyer
• Final contract is agreed. Hard copies signed & exchanged via courier
• Buyer opens a non-operative L/C (or BG) for seller's bank
• Seller issues POP bank to bank
• Buyer issues a non-operative L/C to seller's bank
• Seller issues 2% PB and activates the L/C
• Delivery begins as per contract

*   Actual terms and conditions may vary depending on commodity, supplier and transaction parameters.