📝 🤝 Procedure for Securing Commercial Exchanges
🌐📦 To guarantee the fluidity and security of our transactions, at Dohy Commodity, we have followed a well-established procedure for years with our banking partners. This procedure aims to ensure transparent and secure execution of our transactions.
If you have any questions or clarifications needed, please do not hesitate to contact us. Here are the key steps we have successfully implemented over the years :
- Issuance of a Letter of Intent (LOI) and RWA/BCL by the Buyer. 📝
- The buyer issues an LOI accompanied by RWA/BCL.
- Issue of a Formal Commercial Offer (FCO) by the Seller. 🤝
- The seller responds by issuing a detailed FCO.
- Signature and Return of the FCO by the Buyer. 🖋
- The buyer signs, seals and returns the FCO.
- Issuance of a preliminary Contract by the Seller. 📝
- The seller draws up a preliminary contract.
- Signature, Sealing and Return of the Contract by the Buyer. 🔐
- The buyer signs, seals and returns the contract, then the seller does the same.
- Issuance of a non-operational Documentary Letter of Credit (DLC) by the Buyer’s Bank. 🏦
- The buyer’s bank issues a non-operational DLC to the seller’s bank.
- Issuance of a Performance Guarantee (PB 2%) by the Seller’s Bank. 🏦
- The seller’s bank sends a performance guarantee (PB 2%) to the buyer’s bank and activates the payment instrument.
- Operation of the DLC. 🔄
- The DLC becomes operational after receipt of the performance guarantee.
- Start of the Expedition. 🚢
- With all formalities completed, the shipping process is underway.
Dohy Commodity 