A Buyer Interested in purchasing material logs on to setup his enquiry where he specifies
Upon Specifying Specs, The Buyer chooses Supplier of his choice and deposits Performance Guarantee as per Trade Policy.learn More
Once the Sellers selected by the buyer receive the enquiry which contains all relevant information, they give their consent to participate in negotiation, deposit performance guarantee* & are intimated the 30 minute window to quote their rate for the buyer. During Realtime Online Negotiations the sellers are able to see
Buyer has option to present any of the participating sellers with a Counter Offer within 15 Minutes of the End of the Negotiation. The Offer shall be a Firm offer which, if accepted, shall convert into an order automatically. Seller shall have 15 minutes to reply to the counter offer presented by the buyer.learn More
Buyer completes Payment Obligation as per method chosen by him at the Time of Floating Enquiry within Stipulated Time Frame. Payment Obligation shall be done before dispatch of goods in all instances.
Currently the Payment Obligations can be completed by 2 Methods
Upon successful delivery, the supplier is able to get his payment by approaching his bank holding the LC or through ESCROW to complete the transaction.
Payment Transferred from ESCROW to Seller Bank Account within 3 Banking Days from the date of Receipt or Reporting of Bill of Lading.
Delivery Receipt Can be used to get LC Discounted.learn More