Process We Follow

Standard Process Steps

What is the discount offered ?

T2OC Global Commodities review each enquiry from its prospects and offer discounts based on the outcome of review of prospective clients merits. We have very clear process to vet our clients so that everyone is happy once the discussion between prospective buyer and us move ahead.

What shall I do to get an offer?

We would like to have a Letter of Intent (LoI) from the prospective client. The LoI has to be on the buyer’s letter head and shall have the authorised person’s wet signature and the company seal.

Do you need any other documents?

T2OC Global Commodities will expect to get as much information as possible about the genuine buyer. The information could be either their website, company profile and the BCL. If the buyer is a poser and doesn’t have the financial capability, we will not engage after our review.

How the intermediary interests are safe?

T2OC Global Commodities is happy to sign the NCNDA as per ICC code. We will sign the IMFPA once the deal has progressed to the final exchange of signed documents. We manage transparency with our intermediaries.

What are the steps from start to end?

Based on experience of T2OC Global Commodities, we have devised process from engaging with intermediary to the crediting commissions to them. We do not say, our process is the best but we have evolved and put it in practice in line with ICC guidelines.

What Is Pre-approval?
  1. Intermediary introduces Buyer to T2OC.
  2. Buyer issue LOI, Company profile and BCL.
  3. Draft Sale Purchase Agreement (SPA).
  4. Comments from Buyer on SPA.
  5. Final SPA by T2OC.
  6. SPA signed and stamped by T2OC and Buyer.
  7. IMFPA signed between the T2OC and Intermediaries.
  8. Lodge Signed SPA with respective Banks.
  9. Buyer issues SBLC.
  10. T2OC issues SKR.
  11. T2OC issues Assay results before transfer of AU. In case of Diamonds (KCS).
  12. Buyer assays in its nominated refinery and confirms % Au.
  13. SBLC is encashed by T2OC.
  14. All the documents transferred on Buyers name. Buyer is legal owner of goods.
  15. Intermediaries paid as per IMFPA within 24 hrs.
What Should I Expect at Closing?

At closing of the deal with the customer, it will be an experience to cherish and will like to do repeat business with T2OC Global Commodities. 

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