Skip to content
OmegaBakır

Trade Procedure

The established steps of international commodity trade, with the same discipline on every cargo. Each step closes with a document.

  1. 01

    ICPO / LOI

    The buyer issues a signed letter of intent stating product, quantity, Incoterm and port.

  2. 02

    SCO

    The seller side confirms availability and issues a Soft Corporate Offer.

  3. 03

    FCO

    Terms are settled; a binding Full Corporate Offer is presented for signature.

  4. 04

    SPA

    The sale and purchase agreement is signed; payment instrument and delivery schedule are fixed.

  5. 05

    Inspection & loading

    An independent inspection company certifies quality and quantity at the load port.

  6. 06

    Delivery

    The cargo passes under the contract Incoterm; documents are presented for payment.

Terms

  • Incoterms

    FOB, CFR, CIF; DES for gas cargoes. The Incoterm is stated on each product.

  • Inspection

    SGS, Intertek, Bureau Veritas or an equivalent independent company agreed by the parties; costs are allocated in the contract.

  • Payment

    Documentary letter of credit (DLC) or the bank instrument agreed in the contract.

  • Documents

    Bill of lading, certificates of quality and quantity, certificate of origin, commercial invoice and any other documents the contract requires.

Send us your cargo enquiry

Send the product, quantity, Incoterm and destination port; our trading desk will reply with availability and procedure.

Request Offer