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Trade Process From Purchase to Delivery
Vetting & Procurement
#1
Supplier sends messaged notification of offer to HCI.
#2
HCI shows interest and sends supplier an RFP (Request for Proposal).
#3
Supplier sends FCO with recent Lab Test report.
Contracting
#4
HCI signs FCO and sends SPA template to supplier to be jointly filled.
#5
SPA gets signed by both Supplier and HCI.
#6
Warehouse or Terminal slot is booked by HCI with supplier. Supplier sends company information which may include Company Registration, GPS coordinates, Export Permit and Business License.
Inspections
#7
Supplier sends Pro-forma Invoice to HCI for that month’s delivery and Escrow/RWA/LC payment guarantee is sent to supplier.
#8
Supplier delivers cargo to warehouse or terminal and SKR (Safe Keeping Record) is presented.
#9
HCI arranges inspection of cargo at warehouse or terminal by reputable third party inspection agency.
Payment & Title Exchange
#10
Inspection is approved and AOG (Acceptance of Goods) form is signed by HCI and end Customer.
#11
Payment is made in full to 1) Supplier for Cargo 2) Inspection Agency 3) warehouse or terminal for Handling and Logistics.
#12
Titles are exchanged from Suppliers account to Buyer’s account with cargo cleared for export.
Delivery
#13
The cargo is stuffed into containers and/or loaded on an upcoming vessel.
#14
Shipping Documents are printed and sent to Bank for customer payment.
#15
Trade is repeated with supplier according to export program.
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