From ICPO to settlement — a transparent six-step framework.
Every transaction follows the same audit-ready sequence. Counter-signed documents at each transition. Independent inspection before funds release.
Irrevocable Corporate Purchase Order (ICPO)
Buyer issues a signed ICPO with full corporate credentials, product specification, quantity, destination port, target delivery window and banking coordinates. We respond with a soft offer and indicative timeline. Where the seller initiates, we accept or issue a Full Corporate Offer (FCO) as an equivalent entry point.
Turnaround: 24–72 hoursSale & Purchase Agreement (SPA)
A binding SPA is drafted with full commercial terms — price formula, Incoterms, payment instrument, performance bond, delivery schedule and inspection regime. Terms range from spot lifts to 12–36 month structured offtake.
Drafting: 2–5 business daysPartial Proof of Product (PPOP)
On SPA execution, seller furnishes PPOP — origin documents, refinery commitment, vessel itinerary or storage tank receipt. A 2% performance bond is posted concurrently to evidence operational capacity.
Within 5 banking daysShipment & Q88
Vessel is nominated with a current Q88 questionnaire. Port authority notifications are managed on both ends. Where cargo requires intermediate holding, tank storage at accredited international terminals is coordinated concurrently. Cargo is loaded under independent supervision; bill of lading is issued on departure.
Per agreed laycanInspection (SGS · BV · Intertek)
Quantity and quality are verified at load and again at discharge by an internationally recognised inspectorate. Inspection certificates are released to both parties and to the financing bank. A discharge confirmation report is issued on completion, forming part of the documentary set for settlement.
At each delivery pointSettlement (DLC · SBLC)
Payment is released against documentary credit on presentation of compliant shipping and inspection documents, or via MT103 wire transfer where agreed in the SPA. Performance bond is unwound. Title and risk pass per Incoterm.
Within instrument termsInstruments we work with.
We accept and issue institutional-grade financial instruments through tier-one banks. No upfront payment from buyers; no funds movement before documentary compliance.
DLC
Documentary Letter of Credit — buyer's bank obligation, released against compliant shipping documents.
SBLC
Standby Letter of Credit — guarantee instrument used in term contracts and where alternative payment structures apply.
2% PB
Performance Bond posted by seller alongside PPOP to evidence delivery capacity. Unwound on settlement.
Escrow
For bespoke counterparty profiles, neutral escrow agents hold funds against agreed release conditions.
MT103
SWIFT wire transfer for direct bank-to-bank settlement where parties agree to this structure in lieu of documentary credit.
Send your ICPO. Get a working SPA draft.
Once we receive your letter of intent and counterparty documentation, we move to a signed framework within five business days.