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» Informe precios commodities, Argentina Mayo 2014
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How can I obtain a soft quote?

A soft quote can be obtained by contacting us andcompleting the details of your desired order.

What is the preferred method of payment?
The preferred method of payment is a Bank Guarantee, however a Standby Letter of Credit, a Documentary Letter of Credit or a MT 103/23 are also acceptable. In all cases, the financial instrument must be issued or guaranteed by a Top Western Bank. Letters of credit must be confirmed, irrevocable, divisible, and payable on sight. If the product is to be shipped in installments, then the letter of credit must revolve to cover each subsequent shipment.

What forms of payment are unacceptable?

Revocable letters of credit will not be accepted as payment.

What documentation will be needed to obtain a Firm Corporate Offer (FCO)?
Several items of documentation will be required in order to successfully negotiate a shipment. The soft quote is the first piece of documentation the buyer will receive. If the terms of the soft quote are agreeable, then the buyer will be required to sign a NCNDA (Non Circumvention, Non Disclosure agreement). This document provides necessary protection to both the buyer and seller as they move forward in the trading process. A Letter of Intent (or Irrevocable Corporate Purchase Order ICPO)is the first piece of documentation required from the buyer, and it should be accompanied by a Bank Comfort Letter BCL or Soft Probe Authorization. When these documents have been received and verified, a Firm Corporate Offer (FCO) will be issued to the buyer.

How recent must my Letter Of Intent be?
In order to proceed in good faith, the seller requires that the LOI (Letter of Intent) is no more than five days old.

Do I need to supply bank details with my Letter of Intent?
Yes. The seller requires bank details to be submitted with an LOI / ICPOin order to conduct a soft probe of the buyers accounts. The soft probe is used to gather evidence that the buyer is able to cover the cost of the trade, and provides assurance to the seller that the proposed trade is viable. The buyers Letter of Intent therefore must include bank details, authorization for a soft probe, and contact details for the buyers banking officer.

Can I see SGS reports prior to sending a LOI / ICPO?
Regularly no, sellers do not supply SGS reports prior to opening negotiations. Proof of product is provided at a later state in the negotiation process. These documents are handled bank to bank, not from the seller to the buyer or vice versa.

Who pays for SGS inspections, and where do they take place?
SGS Inspections are paid for by the seller, and are carried out at the port of loading.

Can I order a trial shipment?
Buyers are free to order any reasonable quantity of any product they desire, however they should be aware that the seller will not regard any shipment as a trial shipment, and that no extra product will be held in reserve for a buyer for subsequent orders. The price will be based on the orderedquantity.

What are the standard procedures?
Please check Conditions and Procedures (link) or the specific offer of the product you are looking for.

Can this procedure be changed?
Generally speaking, no. The standard procedure is in place due to the fact that it is regarded as providing the highest possible levels of protection to both sellers and buyers.

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If you have any further questions, feel free to contact us at info@agrtrade.com.ar

 



 

 
 
 
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A soft quote can be obtained by contacting us and completing the details of your desired order.
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            Latam Office
Hilarión de la Quintana 3614
Buenos Aires, Argentina
Tel +54 (911) 6243-2010
info@agrtrade.com.ar