Total Quality Assurance
ASAK Overseas endeavors to supply only the best quality products to the various segments, hence we are able to maintain our good reputation within the industry.
We have a large and strong supplier base worldwide including farm owners, producers, reputed trade houses, distributors and agencies.
We have a large and strong supplier base worldwide including farm owners, producers, reputed trade houses, distributors and agencies.
Samples
We will not provide samples commodities any sample can be easily made or can be easily damaged by heat and humidity losing part of their oils, protein and appearance do not represent faithfully the product to be received in the shipment. The irrefutable proof of the product is provided by BANK TOP seller, stating that the same will be delivered according to the specifications in the contract.
Trading Procedure
1. Buyer issues LOI as per global format. LOI without company sign and stamped will not be entertained.
2. Seller Representative issues SCO;
3. Buyer accepts SCO by signing it and returning it to the Seller Representative with NCND / IMFPA + ICPO + buyer´s copy of passport;
4. Seller issues FCO and buyer must return it signed and sealed for acceptance.
5. Buyer sends the legal documents of buyer’s company and RWA according to our model, issued by Buyer´s Bank nominative to the Seller’s company, to seller´s bank, via swift (bank to bank);
6. Seller´s Bank verifies compliance with the Buyer´s bank and if all is correct, issues the draft contract sending it to the Buyer;
7. Buyer verifies, corrects and returns the draft contract to Seller with signature and seal;
8. Seller verifies that the contract is approved, signed and sealed by the Buyer;
9. Buyer´s Bank issues a POF (MT 799/255) and sends it to Seller´s Bank via swift, within 10 banking days;
10. In 5 banking days the Seller´s Bank sends to Buyer´s Bank the POP via swift (origin certificate, product export license, export document authorization, location and product availability, refinery producer identification, laboratory analysis, phytosanitary certificate);
11. In 3 banking days, Buyer´s Bank will issue the Bank Guarantee (if applicable) and operative bank Letter of Credit for payment, as agreed in favor of the seller;
12. Within 15 banking days, Seller issues through bank the shipment documents (SGS inspection of weight and quality, bill of lading, insurance certificate, commercial invoice, SGS product property certificate of performance bond (PB only for annual contracts);
13. Delivery and shipment shall commence after the fulfillment of the procedure stated above.
Note that some procedures may vary according to each seller’s instruction as we represent several ones. Procedures must be adjusted according to buyer’s order. They will be confirmed through the FCO / draft contract. The procedures mentioned above are the ones
internationally accepted and reasonable for any sale / purchase contract.
2. Seller Representative issues SCO;
3. Buyer accepts SCO by signing it and returning it to the Seller Representative with NCND / IMFPA + ICPO + buyer´s copy of passport;
4. Seller issues FCO and buyer must return it signed and sealed for acceptance.
5. Buyer sends the legal documents of buyer’s company and RWA according to our model, issued by Buyer´s Bank nominative to the Seller’s company, to seller´s bank, via swift (bank to bank);
6. Seller´s Bank verifies compliance with the Buyer´s bank and if all is correct, issues the draft contract sending it to the Buyer;
7. Buyer verifies, corrects and returns the draft contract to Seller with signature and seal;
8. Seller verifies that the contract is approved, signed and sealed by the Buyer;
9. Buyer´s Bank issues a POF (MT 799/255) and sends it to Seller´s Bank via swift, within 10 banking days;
10. In 5 banking days the Seller´s Bank sends to Buyer´s Bank the POP via swift (origin certificate, product export license, export document authorization, location and product availability, refinery producer identification, laboratory analysis, phytosanitary certificate);
11. In 3 banking days, Buyer´s Bank will issue the Bank Guarantee (if applicable) and operative bank Letter of Credit for payment, as agreed in favor of the seller;
12. Within 15 banking days, Seller issues through bank the shipment documents (SGS inspection of weight and quality, bill of lading, insurance certificate, commercial invoice, SGS product property certificate of performance bond (PB only for annual contracts);
13. Delivery and shipment shall commence after the fulfillment of the procedure stated above.
Note that some procedures may vary according to each seller’s instruction as we represent several ones. Procedures must be adjusted according to buyer’s order. They will be confirmed through the FCO / draft contract. The procedures mentioned above are the ones
internationally accepted and reasonable for any sale / purchase contract.
Delivery
Prompt delivery and customer satisfaction are the up-most priority for us, which assisted us to raise our customer relationship and standards of excellence.
Payment Method
– By Irrevocable, Divisible, Transferable / Non-Transferable Auto Revolving DLC which shall be effected 1 month of the contract, corresponding to 1 (one) month supply and 100% payable against documents in loading port, issued or confirmed by a Top 25 World Bank;
– The Guarantee shall be effected through SBLC (Irrevocable Unconditional Divisible, Confirmed, Stand-By Documentary Letter of Credit) by MT 760,
corresponding to 1 (one) month of the contract, with a maturity of 14 (fourteen) months and 6 (six) days. The SBLC shall be clean and free of any leans, issued or confirmed by a Top 25 World Bank.
– Confirming Bank: Mandatory if buyer’s bank is not AA rated (Top 25)
– The Guarantee shall be effected through SBLC (Irrevocable Unconditional Divisible, Confirmed, Stand-By Documentary Letter of Credit) by MT 760,
corresponding to 1 (one) month of the contract, with a maturity of 14 (fourteen) months and 6 (six) days. The SBLC shall be clean and free of any leans, issued or confirmed by a Top 25 World Bank.
– Confirming Bank: Mandatory if buyer’s bank is not AA rated (Top 25)
KINDLY NOTE:
We will not provide past B/L, SGS or POP before we get ICPO with BCL and NCNDA signed from all involved parties.