ADEM'S GROUP

ADEM'S GROUP  Is the professional group working with the buyer and sellers, seller mandates and producers. We are ready to work with you if you are a real customer.

Due to overwhelming demand for our offers, absolute priority will be given to requests that are backed by buyer's LOI+BCL or RWA that are less than 3 days old. No internet-circulated LOI's will be accepted.

Thanks for your cooperation!

PROCEDURE OF THE WORK:
“BLUE” PROCEDURE
Buyer issues LOI + BCL or permission for soft probe
Seller issues FCO
Buyer sign and seals the FCO and send it back to seller
Seller issues Draft Contract
Buyer sign and seals the Draft Contract and send it back to seller
Seller sign and seals the Contract and send the Hard Copy’s. The Buyer signs the Hard Copy Contract and returns it to the Seller. Any facsimile or electronic copy shall be considered as the original
Buyer submits Draft of LC (Letter of Credit) for seller's approval
Buyer issues Non-operative LC
From Seller POP (Proof of Products) bank to bank + Operative PB 2% (Performance Bond), which activates the LC. Operative PB activates the Non-operative LC. The LC becomes operative
Shipping starts per Contract schedule

“GREEN” PROCEDURE
The Buyer issues seller their ICPO with Soft probe  
The Seller reviews the ICPO and upon acceptance issues

Draft Contract to Buyer for comments and acceptance
The Seller amends where necessary the Hard Copy

Contract, signs, seals and issues to the

Buyer for his completion, the Buyer signs the Hard Copy Contract and returns it to the seller. Any facsimile or electronic copy shall be considered as the original From Buyer -

POF (Proof of Funds) - by SWIFT
From Seller - POP (Proof of Products) by SWIFT and confirmation of availability of

PB 2% (Performance Bond)
Buyer submits Draft of LC (Letter of Credit) for Seller's approval
Non-operative LC is opened, which will be activated by seller's PB
From Seller - operative PB 2%, which activates the LC. Operative PB activates the non-operative LC. The LC becomes operative
Shipping starts per Contract schedule

Performance Bond:
The seller against the buyer's nonoperative documentary letter of credit posts a performance bond equavilent to the sum of 2% of the shipment value on an autorevolving basis until the total quantity is shipped.

Product Documentation:
A full set of the following documents is issued in 1 original and copies: 3/3 Bill of lading Clean on Board marked Freight Prepaid made out to the order of items and notify Commercial invoices in the name of the buyer showing the commodity name, documentary letter of credit number, B/L number and date, quantity loaded, invoice value and loading port. Certificate of Origin endorsed by the relevant government authority or issued by the chamber of commerce from the country of dispatch,confirming that the goods have been shipped. Packing List with indication of total gross weight and total net weight of shipped goods. Certificate of quality, quantity and weight issued by Societe Generale de Surveillance (SGS)at loading port. Certificate of Hold and hatches cleanliness issued by vessel's master. Full Set of Original Policy / Certificate in assignable form and endorsed in the blank covering all risks and war risks for 110% of commercial invoice value. Shipment certificates sent to beneficiary carries the letter of credit number,commodity name, vessel name and nationality, B/L number and date, quality loaded,invoice value and loading port.