Company rules and terms concerning the purchase of infant formula
 
       
               
                   
 
- Company Rules -

For Agents, Wholesalers, Retailers and Buyers:

1. Buyer submits LOI/BCL or ICPO (NO older than 4 days) and a signed, NCNDA (must use NCNDA and LOI enclosed)
2. Buyer's financial capability is verified prior to issuance of FCO.
3. Seller issues the FCO for buyer's approval and signature.
4. Buyer approves the FCO and signs it.
5. Seller issues contract with full banking for buyer's signature and return.
6. Payment to be 100% in advance
7. Shipment commences as per contract.

 

A LOI is NOT a purchase order.

It is a description of what the buyer wants in detail and contains everything, to be able to calculate, or to see at first glance, whether the inquiry is workable or not. To write such a LOI takes the buyer for 10 minutes and saves on all sides 2 hours or more of maybe senseless discussions and nobody needs to play "question and answer".

Therefore, if you have an inquiry without LOI.... just tell your buyers to write one.... and not "sanitized" please...... Please help us to save time ... Thank you for understanding..... by the way.... no one on our side "goes shopping" with that LOI .... some people seem to get a bit neurotic about simple documents ..... all documents you send to us are treated as confidential and will be shared with a supplier only.... nothing else ..

 

Note:

  • - no table-top-meeting
  • - no trial shipments (Exeptions are feasible)
  • - no deal after a buyer's contract
  • - no PB before payment instrument
  • - no (loading port-)visit before operative payment instrument
  • - no mfpa before contract closed
  • - no pictures
  • - no past performance
  • - no shipment-to-shipment payment with annual contracts

LOI or ICPO.. see below a few information's what we expect. Guidelines to note when preparing documents (Please take notice as we lose a lot time by 'wrong documents'...)

 

LETTER OF INTENT (LOI)

  • 1. Freshly dated (not older than 3 working days)
  • 2. The format must be PDF File
  • 3. The letter head is genuine, check for any signs of cut and paste or scan and edit. In the letterhead we need complete company name, address, phone number, fax number and email address
  • 4. The LOI must be addressed to Atlas Aliment UG Enterprise, Germany
  • 5. We need the quantity, duration, destination port, price idea, specification and origin, and banking details
  • 6. The documents must be signed and stamped
 

IRREVOCABLE CORPORATE PURCHASE ORDER (ICPO)

  • 1. Freshly dated (not older than 3 working days)
  • 2. The format must be PDF File
  • 3. The letter head is genuine, check for any signs of cut and paste or scan and edit. In the letterhead we need complete company name, address, phone number, fax number and email address
  • 4. The information's must be detailed and we need a specification
  • 5. The ICPO must be addressed to 'the seller” 5 Star Global Nutrition
  • 6. Bankers information must be the same as the to the company ordering and as stated in the letter head, if different, then it must be accompanied by a letter of the owners of the bank account attached to the ICPO stating their authorization of the purchase
  • 7. The documents must be signed and sealed

Note:

  • 1.) Don't ask for photos, we are no photo-agency and they aren't worth the sending as they proof nothing.
  • 2.) Don't ask for a "past performance" as it says nothing about the seller's ability to supply tomorrow.
  • 3.) Don't ask for pricing without a buyer's LOI......
  • 4.) Don't ask for a FCO without having a positive response to your buyer's LOI.
  • 5.) Don't believe that the sending of a LOI automatically causes the sending of a FCO or draft contract.
  • 6.) Don't send a mail and ask 5 min later, whether it arrived and we have worked on it.......
  • 7.) Don't think we are machines that do not need to sleep, eat....
  • 8.) Don't believe there were no weekends in Western Europe when offices are closed (...Saturdays and Sundays...)
  • 9.) Don't think we had no other person besides you to talk to ..... (Your inquiry is important for us, but it is NOT the only we are busy with....)
  • 10.) Don't think that deals about several millions of USD are closed within minutes, hours or a day ......
  • 11.) Don't start an inquiry by telling what commission you have to get .... (No contract closed - no commission - no discussion).... We are not a bank ….

Our Rules

 

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