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iTradeDigital process summary:
The Trade Management Specialist will manage the transaction via the iTD Case Platform (iTD video) with full transparency and in compliance with ICC / URDTT rules, eUCP600 Supplement 2.0 guidelines, and the Global Business Method(c). iTD will need the Company Profile Form (CPS), and Due Diligence Information (DDI) on the Seller, Buyer and their representatives, and logistics companies. The person initiating the Request for Case Initialization (RCI) will be responsible for the Trade Management Service (TMS) fee ($280 or $2000 or $4000/m). Both the Buyer and Seller (Principals, URDTT Article 2) must subscribe to the Case Platform ($100 / month / ten transactions). Their representative(s) must also subscribe to the Case Platform. Paying the subscription fees ensures all parties agree to International Chamber of Commerce rules that have been universally accepted since 1933. All of the transaction documents (30+) will be available to the Principals and representatives, and will reflect what they agree to and any changes made during the trade. Security: only the TMS can amend a transaction document with the bilateral agreement of the Principals or their agents. The CPF, RCI, DDI forms can be accessed online at www.iTradeDigital.com. Case Platform documents are “money” documents. All other NON-TRANSACTION documents, such as SPA, ICPO, BCL, POF, POP, SBLC, etc., may be included on the Case Platform and available to all parties. iTD Member Services staff will initiate the Case and assign a number when the RCI is received. This is the process for all transactions to protect the interest of the traders and representatives. Once we receive the CPF and the DDI all of the pertinent documents are automatically generated by the Case Platform software (patent pending) (Case example) and ready for a Zoom conference call.