Transaction Process

1. Buyer receive AHM Marketing Kit and Buyer Profile Form
2. Buyer send Letter of Intent (LOI) together with full buyer information and banking details in the Buyer Profile Form
3. Seller send Full Corporate Offer (FCO)
4. Seller send Silica sand samples (if necessary)
5. Seller send draft Sales & Purchase Contract
6. Seller and buyer sign Sales & Purchase Contract
7. Buyer appoint independent surveyor for Pre-Shipment Inspection (PSI) test
8. Buyer’s bank issues Irrevocable Letter of Credit (MT 700)
9. Seller’s bank verifies and confirm of receiving the MT700
10. Seller receive the 1st payment under Letter of Credit against document Report of Analysis (ROA) from surveyor
11. Seller arrange the hauling barge and transshipment to mother vessel
12. Seller receive the 2nd payment under Letter of Credit against document Certificate of Weight from surveyor and all complied export documents