Communication
Introductory and Onboarding Calls
Once a facilitator brings the buyer forward it is Seller's job to do due diligence, take over communications, and assist the buyer in closing the transaction successfully.
facilitators
Rules of Engagement
Let your company add integrity to the industry that supplies the life force of the planet to the world.
Make the connection with your prospective buyer to identify what product they want to purchase. Identify that the prospective buyer has a Standby Letter of Credit (SBLC) from a Tier 1 (Top 30) international bank. Confirm the prospective buyer has their own financial capacity to pay for the product and take title.
(FOB) Free On Board
Contract
ICPO, POF, TSA, Bank details, Proforma Commercial Invoice, PPOP (Product Passport, Commitment Letter to Supply, ATSC – Authorization to Sell & Collect), “Compliance Procurement & Performance Policy” or “Irrevocable Funds Block Payment”.
Inspection
Buyer: ATV & UDTA with all the tank's information to proceed with the laboratory test. (We only accept 1st level Laboratories, (No independent laboratories allowed, (TWIC Card required in USA) or Seller: Fresh SGS, not older than 72 hrs.
Documentation
Injection Report, Certificate of origin, Port Authority verification, Allocation reference number, Fresh SGS report not older than 72 hours, Actual Title holder, product Terminal address, coordinates, access codes, hub codes and terminal contact info.
Payment
MT103 Domestic or SWIFT/GPI UETR/ISO-20022 International. Compliance Policy, Funds Block or any guarantee will be executed after 5 hours from the time delivery reported by DocuSign.
(CIF) Cost, Insurance, & Freight
Communication
Onboarding Process
Once a facilitator brings the buyer forward it is the Seller's job to do due diligence, take over communications, and assist the buyer in closing the transaction successfully.
Contract
NCNDA, Letter of Intent (LOI), Full Corporate Offer (FCO), Irrevocable Confirmed Purchase Order (ICPO), Standby Letter of Credit (SBLC) from a Tier 1 (Top 30) international bank, Sales and Purchase Agreement (SPA), and the Proforma Invoice (Pl).
Inspection
Quality and Quantity certificates produced at loading along with position updates 7/5/3/2 days prior to arrival. Three days prior to arrival, the Seller arranges with SGS Inspection for the determination of the Product's quality and quantity at the discharge port.
Documentation
Certificate of Quality
Certificate of Quantity
Certificate of Origin
Certificate of Insurance
Bill of Lading
Final Commercial Invoice
Payment
Buyer makes the payment via wire transfer/MT103 for the full value of the Final Commercial Invoice to the Seller's bank. Upon receiving the Buyer's payment, the Seller transfers the Product's Title of Ownership to the Buyer.