International Trade Process

Get to know our standard process flow for international trade deals.

Our streamlined international trade process flow ensures secure and efficient transactions.

1) Pre-Contract Verification

1. Buyer requests seller’s business documents (registration, licenses, certifications) for verification.
2. Seller requests an BCL/LC from buyer’s bank and conducts a buyer bank inquiry and reference checks.

2) Contract Stage

1. Seller issues proforma invoice with product details, quantity, price, and payment terms.
2. Buyer reviews the proforma invoice and negotiates terms with the seller.
3. Both parties agree on the final contract terms and incoterms.

3) Post-Contract Documents

1. Seller prepares commercial invoice, packing list, certificate of origin, and phytosanitary certificate.
2. Buyer arranges for LC issuance through their bank.

4) Shipment and Payment

1. Seller ships the wheat grain and obtains a bill of lading from the shipping company.
2. Seller presents required documents (commercial invoice, packing list, certificate of origin, bill of lading, and potentially marine insurance policy) to their bank for collection against the LC.
3. Buyer’s bank verifies documents and releases payment to the seller upon confirmation of compliance with the LC terms.
4. Seller pays the shipping company after deducting any freight costs (CIF incoterms).

5) Delivery

1. Buyer receives the bill of lading and arranges for customs clearance and import of the wheat grain upon arrival in Djibouti.

This process flow provides a general overview of our international trade deals.Specific details and additional documents may be required depending on the particular agreement between the buyer and seller.

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