ImportsFor

 

The Philippines has over 90 million consumers, a broad potential market for new products and services. Its various industries – manufacturing, agricultural, industrial, and service sectors – are viable partners in this global era.

 

We are actively seeking partners in introducing new technologies, products, components and others to the Philippine market and industry. In the recent years, we have successfully supported the transportation sector through the importation of quality and affordable automotive parts and components. Innovations in medical supplies, such as retractable syringes, drug testing kits, and others, are currently being marketed locally in partnership with local marketers and the government.

 

importsproducts

 

 

ImportsFor

 

The Philippines has over 90 million consumers, a broad potential market for new products and services. Its various industries – manufacturing, agricultural, industrial, and service sectors – are viable partners in this global era.

 

We are actively seeking partners in introducing new technologies, products, components and others to the Philippine market and industry. In the recent years, we have successfully supported the transportation sector through the importation of quality and affordable automotive parts and components. Innovations in medical supplies, such as retractable syringes, drug testing kits, and others, are currently being marketed locally in partnership with local marketers and the government.

 

importsproducts

 

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) 890-1261

 

 

We look forward to working with you!