Art & Science International, Inc. (“ASI”) is pleased to present a comprehensive range of 
industrial, pharmaceutical and agricultural products and equipment and commodities (“Products”). These offerings are designed to meet the diverse needs of our global clientele, ensuring outstanding quality and reliability.

 

Please provide us with the company profile of the principal Buyer (“Buyer”) of the Products, including full contact information of the principal Buyer addressed to:
Art & Science International, Inc.
Attn: Behzad Farahani

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The Buyer agrees that they have verifiable records of prior purchases of Products. These records shall be presented upon request and must include the following details:

• Date of purchase

• Type of the Products

• Loading and discharge ports

• Price and terms
   

Assistance for Prequalified First-Time / New Buyer

ASI is pleased to consider assisting prequalified first-time or new Buyer in purchasing of the Products. ASI might consider financing Products on a case-by-case basis.
 

Eligibility

To be eligible for assistance, Buyer must be prequalified by ASI. This pre-qualification process ensures that Buyer meets the necessary criteria to proceed with the purchase of the Products.

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Good-Faith Retainer

We require a good-faith refundable retainer in the amount of two million United States Dollars (USD$2,000,000.00). This retainer serves as a commitment from the Buyer and will be credited towards the first purchase agreement;

• The good-faith retainer must be paid in full before any purchase agreement is signed.

• If the purchase agreement is not finalized, the retainer will be refunded in full to the Buyer.

• Upon successful completion of the purchase agreement, the retainer amount will be credited towards the total value of the agreement.
   

Case-by-Case Consideration

Each application for assistance will be reviewed individually. ASI reserves the right to approve or deny assistance based on the Buyer's qualifications and the specifics of the purchase request.

This document outlines the terms and conditions under which the Buyer agrees to submit an official Request to ASI. The Request will include detailed specifications, requirements, capabilities, and the target pricing or budget. The Buyer affirms that it has adequate funds to proceed with the purchase of the Products. The Buyer will provide a comprehensive and detailed description of the Products. This will include, but is not limited to:

• Technical specifications

• Performance requirements

• Operational capabilities

• Quality

• Discharge port

• Target pricing

 

Official Request Submission Process for Government Departments and Agencies

Government departments and agencies are required to follow specific procedures when submitting official requests. These procedures ensure that all requests are properly documented, authorized, and processed in a timely manner.

 

All official requests must be issued on the letterhead of the respective government department or agency. The letterhead serves as a formal representation of the department or agency and includes the name, address, and contact information. It is crucial that the letterhead is used to maintain the authenticity and credibility of the request.

 

Each request must be signed by a principal, who is an authorized official of the department or agency. The principal's signature signifies the approval and legitimacy of the request. It is important to ensure that the signature is clear and legible. The principal's name, title, and contact information should also be included below the signature. The content of the official request should be clear, concise, and comprehensive. 

 

A detailed description of the request must be provided. It should also outline any relevant details, such as deadlines, quantities, and specifications.

 

Products are available subject to prior sale and price change without notice, especially in the current market. This dynamic environment requires potential Buyers to stay vigilant and ready to act swiftly. Buyer must be prepared to act immediately to secure the right Products when it becomes available. Due to the high demand and rapid turnover, there is often minimal time to conduct thorough research and secure financing.

 

Disclosure Terms for Products

ASI will adhere strictly to its confidentiality policy in regard to the Products. Under no circumstances will ASI disclose any confidential information about the Products prior to the completion of the following conditions:

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Due Diligence on the Buyer

ASI requires a thorough and satisfactory completion of due diligence on the Buyer. This process ensures that the Buyer meets all necessary criteria and maintains standards that align with ASI's policies and expectations.

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Verification of Financial Capability

Upon satisfactory completion of due diligence, the buyer is required to provide a verifiable Proof of Funds ("POF"). The POF must be issued by a prime bank and should cover an amount equal to the value of two-months or the full quantity of the product, depending on the agreement made on a case-by-case basis. This step is crucial to confirm that the Buyer has the appropriate financial resources and stability to engage in the transaction.

 

Only upon the satisfactory completion of these requirements will ASI consider disclosing any confidential information regarding the Products. This policy is designed to protect ASI's interests and ensure the integrity and security of its proprietary information.

 

ASI commits to providing the Buyer with a comprehensive list of available Products in the global market. The global market for Products encompasses a wide range of options, each with unique strengths and capabilities. ASI’s list will include Products from different regions, ensuring that the Buyer has a broad spectrum of choices to meet their specific needs.

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Intermediary Relationships and Protection

All intermediaries must ensure they have established and secure relationships with their principals. This foundational connection is vital for maintaining trust and ensuring a smooth transaction process. Intermediaries are responsible for securing their positions and commissions with their principals.

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Our company is committed to protecting all intermediaries involved in transactions. While we prioritize the protection of intermediaries, we have specific policies regarding Non-Circumvention, Non-Disclosure Agreements (NCNDA), Non-Disclosure Agreements (NDA), and fee agreements:

• We will not execute any NCNDA or NDA or fee agreements. Intermediaries are encouraged to manage these agreements independently with their principals.

• We do not dictate the amount of commission to the Buyer. It is the responsibility of the intermediaries to negotiate and secure their commission directly with their principals.

 

ASI at all times reserves the right to reject the principal / company profile, to terminate discussions with any or all parties involved, and to reject any or all inquiries / request for products / equipment (on whatever terms) at any time and without ascribing any reason for the same.

 

Please contact us today to learn more about our offerings and how we can assist you in achieving your goals.