How does the buyer express their intent to purchase?

The Buyer submits a Letter of Intent (LOI) to the Seller, via QALCA, expressing clearly their desired product, quantity, timeline, and destination port.

What can the buyer expect after sending the LOI?

We will respond to the LOI by providing an official Full Corporate Offer (FCO).

What is the next step after receiving the FCO?

Upon receiving the Full Corporate Offer (FCO), the Buyer is required to acknowledge receipt and respond in accordance with the steps outlined in the document.

How does the buyer initiate the payment process?

The Buyer is required to draft a letter of credit (LC) at sight for 100% of the total contract value, or as agreed to by the parties. This should be done through the Buyer’s bank (Top 100 / Prime) by issuing the LC, DLC, and MT103 after verification at the load port.

When should the Buyer's bank activate the LC?

The Buyer's bank should activate the LC upon receipt of the BL and other relevant shipping documents by the client.

What about a trial?

As part of their contract, the client may request a sample shipment of 12,500 MT, which would be separate from the 12-month commitment.

What are your minimums?

The minimum order quantity (MOQ) for the total contract will be approximately 150,000 MT, equivalent to 12x shipments. Additionally, the minimum monthly delivery will be approximately 12,500 MT.