foreignsuppliers

 

The Philippines is a fast-growing economy in Asia and is known for being an ideal investment and trading destination. We at PITC are taking advantage of this economic momentum and maximizing trading opportunities that will continue to spur our country’s growth.

importssugar

 

PITC aids the government specifically in bringing in critical supplies, components, technologies, and other materials needed to boost the implementation of national priority programs related to agriculture, energy, and transportation, among others. In the recent years, we imported automotive parts/components (e.g. tires) for the use of local transport groups and cooperatives. Efforts such as this also contribute to the supply and price stabilization of products in the local market.

 

At present, we are actively searching for new products, technologies, and components from all over the world that will meet current or emerging needs of the Philippine market and industries. We invite you to be part of our global trade network by submitting your company profile and product portfolio to us for registration.

 

Imports Products

 

 

foreignsuppliers

 

The Philippines is a fast-growing economy in Asia and is known for being an ideal investment and trading destination. We at PITC are taking advantage of this economic momentum and maximizing trading opportunities that will continue to spur our country’s growth.

importssugar

 

PITC aids the government specifically in bringing in critical supplies, components, technologies, and other materials needed to boost the implementation of national priority programs related to agriculture, energy, and transportation, among others. In the recent years, we imported automotive parts/components (e.g. tires) for the use of local transport groups and cooperatives. Efforts such as this also contribute to the supply and price stabilization of products in the local market.

 

At present, we are actively searching for new products, technologies, and components from all over the world that will meet current or emerging needs of the Philippine market and industries. We invite you to be part of our global trade network by submitting your company profile and product portfolio to us for registration.

 

Imports Products

 

How to avail PITC services

 

Step 1: Buyer sends a Letter of Intent (LOI) to PITC. Buyer also submits procedure documents.

 

Step 2: LOI and procedure documents will be logged and reviewed by PITC and simultaneously conducts due diligence.

 

Step 3: PITC produces a soft offer to the Buyer with details for the commodity transaction

 

Step 4: Buyer confirms soft offer issues an Irrevocable Corporate Purchase Order (ICPO), proof of funds (POF) or Bank Guarantee, for amount specified in LOI

 

Step 5: Upon receipt of the POF, PITC will issue a draft contract / Full Corporate Offer (FCO) to Buyer. The FCO will constitute the authorization and other documents i.e. NCND, IPFA, as applicable

 

Step 6: Buyer and PITC signs the Sales/Purchase Agreement

 

Step7: The Buyer's bank issues a Bank Guarantee (BG) to PITC's Bank

 

Step 8: PITC submits Supplier's proof-of-product (POP) / Supply Allocation to Buyer

 

Step 9: Supplier's/PITC's Bank posts Non-Operative Performance Bond equal to 2% of the value of the shipment .

 

Step 10: The Buyer's Bank opens a Documentary Letter of Credit (DLC) by Swift to PITC's / Supplier's
Bank

 

Step 11: Shipment/Delivery as per Sales/Purchase Contract .

 

Step 12: If long term contract, repeat process for each subsequent lift in Purchase Order and or
Contract.

 

 

Procedure Documents for Local BUYER/Importer

 

 

1. Submission of documentary requirements

a. Business Registration
b. Articles of Incorporation/By Laws
c. BIR Certificate of Registration
d. Company Profile/Business Profile
e. Pertinent Permits & Licenses , as required f. Letter of Intent
g. Irrevocable Confirmed Purchase Order (ICPO)
h. Bank Guarantee / Proof of Funds

 

2. Validation

a. Verification of Procedure Documents

b. Meeting and negotiation with buyers

c. Warehouse /Factory Site visit (whenever possible)

 

 

Send us an email

 

Contact Form














 

Contact our imports team directly

 

Contact Information

 

Mario M. Leygo
Vice President
International Trading and Services Group
Tel No: (+632) 818-9801 loc. 420
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

 

Vivian Monsanto
Department Manager
Imports Department
Tel No.: (+632) 818-9801 loc 421
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

 

Address

 

4th Floor
NDC Bldg., 116 Tordesillas Street Salcedo Village Makati City
Fax No: (+632) 890-2161
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

 

 

We look forward to working with you!