NovaStar Group

Company Description

NovaStar Group is a seller of both Used Rail and HMS #1 and HMS #2. Listed below are the procedures for our company:
1. Buyer submits LOI less than 5 days old with BCL less than 30 days old from a top 50 Prime World Bank.
2. FCO and Draft Contract issued.
3. Buyer returns signed/sealed contract with draft copy of LC text.
4. Sellers POP exchanged bank to bank against Buyers POF /AQSIQ.
5. Seller reviews Pre-Advise LC text and notifies Buyer.
6. Buyer opens Non-Operative LC in Sellers favor.
7. Seller posts PB immediately after LC opened, activates LC.

First shipment commences 21-45 days after opening Buyers financial instrument.