The following procedure is for trading and exporting, they will vary depending on the product, and the source we use, but generally this is how the process goes.

*We do not provide Past Performance as per industry standards, it's illegal and a breach of client confidentiality”.

 

Transaction Procedure

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1. Buyer confirms offer and issues ICPO and text of financial instrument.

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2. Seller issues Draft Contract (SPA) open for amendments and mutual signing.

 

3. Seller endorses and legalize the mutually signed draft and final contract. Buyer sends POF to seller, seller then sends to buyer Partial Proof of Products documents:

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3.1 Buyer opens the banking instrument, seller issues 2% pb to activate the banking instrument.

a. Commercial invoice

b. Export permit certificate and export license

c. Certificate of ownership

d. Certificate of origin issued and endorsed by Government

e. Company registration certificate

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3.2 Seller and Buyer exchange a legalized/notarized and registered contract through secure email and lodge the contract in their respective banks. Buyer’s bank then opens the financial instrument and sends it to the seller's bank.

 

4. Seller’s bank  issues full proof of product via SWIFT including the following documents:
 

a. SGS certificate

b. Certificate of decontamination 

c. Certificate of transfer of ownership

d. Original certificate of weight

e. Certificate of Guarantee and Immunity

f. Certificate of Non Radiation

g. Copy of contract to transport the goods to the port of discharge.

h. Copy of the port storage agreement

i. AQSIO certificate  when applicable

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5. SGS inspection and testing to be concluded before loading. Costs will be borne by the seller. Any extra inspection at the discharge port will be borne by the buyer.