The Seller Group places a strong emphasis on a thorough and transparent customer registration process. By requiring buyers to complete and sign the pre-qualification questionnaire and provide a copy of their corporate certificate, they are ensuring that all parties involved in the transaction are legitimate and capable of engaging in a transaction.

The purpose of this onboarding between the principles is to provide full disclosure from both sides to allow the transaction a change to be a success. This mutual transparency helps to minimize misunderstandings and build trust between the parties involved.

Overall, it’s clear that our Seller’s approach is different, but it works. By providing the “missing link” between buyers and a real seller of product, We are helping to create a more efficient and effective marketplace in this industry for all involved.

• The Seller will thoroughly review the FOB or CIF procedure chosen with the buyer to ensure they understand the necessary steps without any changes. 
• The Seller will share their CIS so the buyer may conduct their own due diligence before submitting the ICPO. 
• To ensure full Proof of Product (POP) can be issued and verified, there must be coordination between the buyer’s logistic and financial departments. For FOB transactions, payment must occur within 24 hours of POP acceptance, while for CIF transactions, payment must take place within  5 days of receiving the cargo.
• If the buyer wishes to proceed after this onboarding call, we will complete their customer registration and provide them with specific instructions on how to structure and address the ICPO  and what components must be included via email. We will share the approved verbiage for the RWA and the SBLC MT-760 for the Seller as on Options #2 & #4.

Once the ICPO is complete, it should be emailed to the Seller for processing along with the RWA in their bank letterhead as per approved seller verbiage provided.