LOI Standards
Corporate letterhead, authorized signature/seal, exact destination and workable benchmark-based pricing structure.
Standard operating procedure
Trading Procedures & Buyer Compliance
Institutional sequential workflow for verified commodity transactions and trade execution.
Chelet Ltd. Buyer Compliance & CIS Guide
Official mandatory documentation criteria, CIS requirements, and LOI standards for bulk sulphur procurement.
Compliance Submission (LOI & CIS)
Buyer submits a formal Letter of Intent (LOI) alongside a fully executed Client Information Sheet (CIS) and corporate registration profile to the trade desk.
Due Diligence & FCO Issuance
Compliance desk verifies client profile and issues a Full Corporate Offer (FCO) detailing commercial terms and Platts/ICIS benchmark index pricing basis.
Contract & Protection Agreements
Execution of the commercial sale & purchase contract accompanied by mutual Non-Circumvention, Non-Disclosure Agreements (NCNDA / IMFPA).
Banking Instrument Issuance
Buyer's bank transmits an Irrevocable DLC or SBLC MT760 banking instrument issued by a Top-50 global bank to the seller's designated banking institution.
Inspection, Loading & Settlement
Independent Q&Q verification conducted by SGS or Intertek at origin loading port prior to vessel charter release and document presentation.
Chelet compliance
Mandatory Onboarding Principles
The supplied Chelet compliance guide requires a complete CIS alongside a compliant LOI, with exact discharge port, defined pricing structure and selected financial instrument.
CIS & POF
Accurate corporate history, aligned business scope and verifiable Proof of Funds or Bank Comfort Letter.
Data Security
Sensitive banking details should not circulate through unsecured email; bank-to-bank SWIFT verification is preferred.
Ready to submit an onboarding package?
Qualified LOI, CIS and commercial inquiries are handled through Chelet Commodity Trading & Marine Solutions Ltd. Şti.