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Commodities and Procedure

Our different office in the world can supply you many different commodities from different country the following commodities delivered CIF or FOB:

  • Cement Portland 42.5
  • Rebar
  • Urea 46 (prilled or granular)
  • Sugar
  • Rice
  • Wheat
  • Corn
  • Sunflower oil (crude or refined).

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Procedure when Eco Resources sell commodities


  1. Buyer send a LOI ( Letters of Intention)
  2. ECO RESOURCES sends FCO ( Full corporate offer to the buyer) including specification of the product and bank of the seller.
  3. Buyers signs FCO and return with acceptance letter . Or a ICPO  as buyer request.
  4. ECO RESOUCES can send sample of the product for analyse and Draft contract to the buyer  for amendments,
  5. Buyer correct the contract and send emendation to the seller
  6. Buyer and ECO RESOURCES meet  to endorses the Final contract
  7. Buyer places bank payment instruments: L.C  confirm by a Top 50 World Banks
  8. Seller’s sends via bank swift the Proof of Product to Buyer. POP activate payment instrument.
  9. Seller places 2% Performance Bond via bank Shipment start as mutually agreed by both parties.
  10. Payment at sight into the seller bank within 5 banking days from the date of the presentation of shipping documentation including SGS report, bill of loading

 

Procedure when Eco Resources buy commodities

  1. ECO RESOURCES send a LOI ( Letters of Intention)
  2. Seller sends FCO ( Full corporate offer)to the buyer) including specification of the product and bank of the seller
  3. Buyers signs FCO and return with acceptance letter . Or a ICPO  as buyer request.
  4. Seller send sample of the product to the buyer for analyse and Draft contract to the buyer  for amendments,
  5. Buyer correct the contract and send emendation to the seller
  6. Buyer and seller meet in the factory to endorses the Final contract
  7. Buyer places bank payment instruments: L.C  confirm by a Top 50 World Banks
  8. Seller’s sends via bank swift the Proof of Product to Buyer. POP activate payment instrument.
  9. Seller places 2% Performance Bond via bank Shipment start as mutually agreed by both parties.
  10. Payment at sight into the seller bank within 5 banking days from the date of the presentation of shipping documentation including SGS report, bill of loading