Working Principle and Payment Methods – EN 590 Diesel Fuel Sales

We offer a reliable and transparent business model in international trade. Our EN 590 Diesel Fuel sales process includes the following steps:

1. Application and Pre-Verification

• The buyer submits an application with an Official Irrevocable Corporate Purchase Order (ICPO).

• Financial documents such as a Bank Confirmation Letter (BCL), Proof of Funds (POF), or Authorization to Verify (ATV/CIS) are shared.

• The authenticity of the documents is verified, and the process begins.

2. Contract and Financial Approval

• A Sales and Purchase Agreement (SPA) is signed between the parties.

• The buyer provides an SBLC MT760 (Standby Letter of Credit) or an accepted alternative payment method.

3. Production, Inspection, and Shipment

• The product is prepared in compliance with international standards (EN 590, SGS/CCIC certifications, etc.).

• Pre-shipment inspections are conducted, and all required documents (certificate of origin, quality reports, insurance, etc.) are completed.

• Shipment is carried out under CIF (Cost, Insurance, Freight) terms to the designated port.

4. Document Delivery and Payment

• 15 critical shipping documents (original invoice, quality certificates, bill of lading, insurance policy, etc.) are delivered to the buyer.

• Payment (MT103 bank transfer) is completed within 3 business days after receiving the documents.

Payment Methods

✅ SBLC MT760 (Standby Letter of Credit): Valid for 365+1 days, issued by approved banks.
✅ TT/MT103 (Bank Transfer): Payment within 3 business days after document delivery.
✅ Performance Bond: 2% of the contract value.

Why Work With Us?

✅ Comprehensive Documentation: All necessary certificates for customs and quality compliance.
✅ Secure Payments: Bank-guaranteed transactions to minimize financial risks.
✅ Global Standards: Full compliance with international trade regulations from production to shipment.
✅ Transparent Process: Clear communication and regular updates at every stage.