Scenario Overview
1.You have a buyer who is interested in purchasing goods that you supply.
2.You have a seller who requires payment before delivering the goods to you or your buyer.
3.Your buyer can issue a Documentary Letter of Credit (DLC) or Standby Letter of Credit (SBLC), but your supplier demands upfront payment via MT-103 or Telegraphic Transfer (TT).
4.Every seller wants the buyer to issue a DLC or SBLC within 7 to 10 business days. If the buyer fails to provide the bank guarantee within this timeframe, they must make a down payment to the seller’s nominated fiduciary bank as a performance security financial guarantee.
How Our Financing Works
Step 1: You issue a contract to your buyer to purchase goods, including your profit margin added to the supplier’s price.
Step 2: You cannot afford to pay the supplier before delivery, and you do not want to lose the buyer if they cannot issue a DLC/SBLC and refuse to make any upfront payments. This is where our company steps in. Our company and the buyer’s mandate company can cover the necessary fees.
Step 3: The goods are shipped to the buyer, who makes a payment via TT or MT-103 upon delivery, within 5 days.
Step 4: The buyer’s DLC becomes a revolving DLC (RDLC) for subsequent shipments.
Step 5: Upon delivery of the product, you and the funder get paid. Both parties share the agreed-upon profits. This process can be repeated until the entire contract is fulfilled. For example, in a 12-month contract, the funder can finance each shipment and share the profits with you.
Summary
By leveraging our financing model, you can maintain your business operations and fulfill contracts without worrying about upfront payments or risking your buyer’s commitment. This enables you to secure your supply chain, ensure timely deliveries, and maximize your profit potential.
Endorsement of ICPO by Buyer's Mandate
Before we can forward the Irrevocable Corporate Purchase Order (ICPO) to the refineries, it is essential
that the buyer’s mandate first endorses the ICPO with our company. This endorsement serves several
critical purposes:
1. Verification: It ensures that the buyer’s mandate has thoroughly reviewed and confirmed the details of
the ICPO, thereby validating the authenticity and accuracy of the document.
2. Authorization: The endorsement signifies that the buyer’s mandate has the authority to act on behalf of
the buyer and has given their consent for the transaction to proceed.
3. Compliance: It helps in complying with any regulatory or contractual requirements that mandate such
an endorsement as part of the transaction process.
4. Accountability: By endorsing the ICPO, the buyer’s mandate assumes responsibility for the terms and
conditions outlined in the document, ensuring that there is accountability at every step of the transaction.
Additionally, we implement this endorsement process to safeguard against fraudulent activities, such as
fake buyers or fake buyer mandates/representatives. This step is crucial in protecting the integrity of our
transactions and ensuring that all parties involved are legitimate and have the appropriate authority.
Once this endorsement is obtained, we can then confidently forward the ICPO to the appropriate
refineries for further processing. This procedure helps to streamline the transaction, minimize potential
delays, and ensure that all parties involved are on the same page.
Mandate
We are actively seeking committed and reputable partners from all corners of the globe who are interested in forming strategic alliances with our organization. Our goal is to collaborate with serious mandates that share our vision of excellence, innovation, and mutual growth. We believe that by combining our strengths and resources, we can achieve remarkable success and create a lasting impact in our respective industries.
We invite partners who are dedicated to upholding high standards and fostering innovation to join us in exploring new opportunities. Together, we can drive significant growth, develop groundbreaking solutions, and navigate the challenges of the modern business landscape. By forging strong and collaborative partnerships, we aim to create value not only for our organizations but also for our clients, stakeholders, and communities.
Additionally, our mandates will have the privilege and authority to travel and meet with buyers in person for face-to-face table talks. This approach ensures that our partnerships are built on strong personal connections, clear communication, and a deep understanding of each other’s needs and objectives. Furthermore, mandates will be compensated generously by the seller once any transaction with the buyers is successfully finalized. This not only rewards their efforts but also underscores our commitment to fair and equitable partnerships.
Ready To work with Global Fuel Dynamics?
If you are a serious mandate interested in a partnership that emphasizes trust, cooperation, and shared success, we would be delighted to discuss how we can work together to achieve our common goals. Let's embark on this journey of growth and excellence together.
