Transaction Flow
Our structured operations minimize trade disputes, maximize financial efficiency, and assure on-time delivery under strict bank control.
Tripartite Shipping & Financial Flow
Refinery (Supplier) – Globork Group (Allocator & Agent) – End Buyer (Sovereign/Public Entity)
1. Supplier (Refinery)
Primary manufacturer with crude and refined allocations. Manages heavy logistics, allocates direct quotas, and issues 2% PB.
2. Globork Group
Lead agent and primary allocator. Organizes tripartite legal routing, audits document match, guarantees safe bank transits and compliance.
3. End Buyer
Sovereign entities, public distributors, or wholesale importers. Issues confirmed commercial LCs and receives clean cargo.
Vetting & Inquiry (LOI)
The end buyer issues a formal Letter of Intent (LOI) or ICPO, alongside company credentials to pass initial compliance protocols.
Contract & Allocation
Globork Group secures allocation rights from the refinery. A tripartite Sale and Purchase Agreement (SPA) is signed by all parties.
Trade Finance Operative
Buyer’s bank issues a documentary Irrevocable Letter of Credit (DLC or SBLC). The seller responds with a 2% Performance Bond (PB).
Loading & Inspection (SGS)
Product is loaded onto vessels. Premier surveyors (SGS / Saybolt) inspect the cargo to issue final qualitative certs.
Discharge & Settlement
Vessel completes transit to designated discharge port. Payments are settled via bank release upon final qualitative checks.
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