PURCHASE ORDER POLICY IN PRODUCTS FOR PAKISTAN
April 28, 2023
Ref#: 182/23
Dear Partners and Customers,
Considering the recent challenges faced in certain transactions, particularly with Pakistani merchants who, despite providing legitimate purchase orders and financial guarantees, ultimately failed to fulfill their payment obligations for the goods after production, leaving us with a loss of US$5,000,000, we consider it necessary to implement a revised policy for their orders by our POLICY.
This adjustment ensures a more secure and reliable transaction process for all parties involved.
Effective Immediately, the Following Policies Will Be Enforced
Order Submission: To ensure authenticity and commitment, all new purchase orders must be duly signed and stamped by the buyer/end-user utilizing our Company's prescribed form.
Contract Agreement: Each client must execute a binding contract outlining the sale and purchase terms and conditions to guarantee clarity and mutual understanding of the transaction's specifics.
End-User Certificate (EUC): A government-signed and stamped EUC is mandatory for new clients and, in certain instances, for existing clients. This measure aims to enhance transaction security and compliance with international regulations.
Payment Terms: A down payment, a performance guarantee, is required for any new order, set at 50% of the total order value. For traders considered less reliable, full payment (100%) is necessary alongside the order submission. Acceptance of a Letter of Credit (L/C) is conditional, subject to specific terms and the L/C's confirmation by a globally top-ranked bank for irrevocable payment.
Export Authorization: Necessary permissions for export from the USA must be secured in compliance with regulatory requirements.
Production and Delivery Schedule: All goods will be produced according to the manufacturer's production schedule and priorities.
Additional Provisions
Non-Refundable Guarantees: If a company fails to adhere to the contract terms, all paid guarantee amounts (down payments) will be deemed non-refundable.
Right to Refuse Service: Our Company reserves the unequivocal right to decline any request from traders deemed unreliable. Our commitment remains with companies that uphold trustworthiness and integrity.
We trust these revised policies will foster a more secure and efficient business environment for all stakeholders.
Our aim is not only to protect our Company's interests and our obligations towards the manufacturers but also to ensure that our valued clients and partners can conduct business with confidence and reliability.
We appreciate your understanding and prompt attention to these changes.
Should you have any questions or require further clarification, please do not hesitate to contact us.
Products to PAKISTAN Market
Since 2001, our Company, following the International Law for the sale and purchase and the import/export rules for defense products to countries/entities that have the legality and are not under any sanction or embargo from the UN or the manufacturing country towards to the purchaser (country/entity), is officially supplying the Pakistan Governmental entities and Civilian market traders with small firearms, ammunition and accessories, under relevant import/export certificates required.
Since 2001, our Company, following the International Law for the sale and purchase and the import/export rules for defense products to countries/entities that have the legality and are not under any sanction or embargo from the UN or the manufacturing country towards to the purchaser (country/entity), is officially supplying the Pakistan Governmental entities and Civilian market traders with small firearms, ammunition and accessories, under relevant import/export certificates required.
