1-     Buyer submits LOI / ICPO made out to agent’s name below on own letterhead not older than 5 days old,  signed and stamped with official seal . The LOI/ICPO should contain the following information as a minimum: ( see below )

2-     Buyer attaches BCL from buyer bank not more than 5 days old. (optional )

3-     Upon Acceptance of LOI, Contract will be issued and is to be signed by buyer and returned to seller.

4-     Buyer issues Non-Operative  Transferable, Irrevocable LC Fully Funded / Automatic RLC  from prime bank or confirmed by prime bank.

5-     Within 24-48 hours of receipt of payment instrument, seller provides PB of 2% to activate LC. At this time    POP will be provided bank to bank upon confirmation of LC from seller’s bank to buyer’s bank.

Minimum Information Needed on the LOI  

( sample LOI ) MSWORD DOC 

Specification of Urea required. (Prilled or Granular) Total volume of order. Bulk or 50 Kilo Bags. Shipping Details - Size of Shipments –Min. 50,000mt or Yrly Contract Discharge Rate. Destination Port (s) Target price.(to determine if do-able and to secure best price) Financial instrument- Exact Form of Payment ie: DLC FF, BG, SBLC   or ARLC with minimum of one month's deposit required which will be applied to final shipment). Signature by Authorized Person and their title

Shipment will commence within  30 to 45 days from the date the L.C. is activated and confirmed to seller’s bank.

   UREA PROCEDURES -  MSWORD DOCUMENT 

" DIRECT TO SELLER/SUPPLIER"

Frequently Asked Questions

The Trading Group LLC d/b/a
Duke Enterprises Exports
7350 SE 193 Ave.
Morriston, Florida 32668 USA
Phone: 352-489-9667  E-Fax: 720-294-5924  SKYPE: dukettgllc

© Copyright 2004 The Trading Group LLC dba Duke Enterprises Exports