Updated on 01/18/25

General Terms and Conditions of Sale (GTC)

1. Conditions of Application

Any order for products or services implies the buyer's unreserved acceptance and full adherence to these general terms and conditions of sale, which take precedence over any other document provided by the buyer.

2. Price Request for FCO/SCO Issuance

Our clients must provide a complete Letter of Intent (LOI) with precise request details and valid documentation proving up-to-date company registration. In certain cases, proof of solvency or other documents confirming the company’s readiness to engage in transactions, such as a POF or a BCL, may be required.

3. Minimum Order

3.1. Europe by Road Transport

The minimum order is one truck containing between 23 and 33 pallets, depending on the products and our partners' conditions.

3.2. Export by Sea – Edible Oil and Sugar (Trial/Testing)

The minimum order is one 20-foot or 40-foot container, depending on the products (please contact us).

3.3. Other Raw Materials by Sea

Depending on the product contract and availability, the minimum order generally ranges from 1,000 MT to 12,500 MT, subject to our partners' conditions (please contact us).

4. Bank Guarantee / POF / BCL

In certain cases and for specific destinations, based on the profile and assessment of our legal department, a bank guarantee may be required to ensure proper contract execution. For example, if the buyer has no past performance to present, this measure aims to strengthen transactional security.

The amount of the bank guarantee is calculated based on the first invoice of the first shipment.

Specific terms will be determined on a case-by-case basis and clearly defined in the FCO offer.

This bank guarantee must be presented within 2 banking days following the acceptance of the FCO offer.

5. Processing Times for Letters of Intent

5.1. Request Processing

Complete requests and clear Letters of Intent (LOI) with all specified information are processed on business days, typically within 48 to 72 working hours.

5.2. Preparation and Product Availability

Preparation times, transport timelines, and product availability are specified in our FCO (Full Corporate Offer).

6. Payment Terms

6.1. Petroleum Products, Storage, and Bulk Transport

Payment details for these modalities are communicated later in the official offer. This offer is issued only if the submitted dossier is accepted by our partners. Standard transactional procedures generally include DLC / SBLC / TT.

6.2. Products such as Sugar, Oils, and Cereals

6.2.1. Payment by Standard Bank Transfer The buyer must initiate the process by accepting the seller’s FCO confirmation offer. Once accepted, the client may be asked to provide proof of funds (POF) if necessary. Payment can be divided into two or three installments, depending on the case.

6.2.2. Payment by Irrevocable Documentary Letter of Credit (DLC) MT700 / Bank Guarantee MT760 For this payment method, the client must provide:

An Irrevocable Corporate Purchase Order (ICPO)

A POF

The DLC issued under the MT700 standard is irrevocable, providing a firm and secure payment commitment. It may be accompanied by a bank guarantee in the form of an MT760, ensuring the seller receives payment even if the buyer fails to meet contractual obligations.