Advanced Digital Payment Platform

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ACL - Payments

Payment methods offered for our goods and services can considerably affect our prices. The more secure the payment,the cheaper the price.Although we are flexible in our operations, we like to operate with more business continuity guarantees,and will always welcome more secure payment methods due to the high percentage drop outs of Buyers.

Our acceptable payment instruments can vary considerably with the particular commodity being traded. This is important as we aim to provide your commodity in the highest of quality and want to avoid product stationary at the loading port which would incur demurrage costs and ultimately increase the price of the commodity.Our payment options will always be clearly stipulated in our Soft Offers and are almost always non-negotiable. We also welcome your preferred payment,clearly defined when making your application for quoation.

ACL - PAYMENT OPTIONS

ALL payment instruments must be issued by a Top 50 Prime World Bank. In cases where issuing bank is not a Top 50, the instrument must be confirmed by a Top 50 bank.

CONFIRMED,Irrevocable Letters of Credit give us the greates protection,since we can rely on the commitment of ours and our client's bank to make the necessary payments.

ACL - Payments

1

IRDLC

Irrevocable,Transferable or Non-Transferable,Auto-Revolving for one month's shipment value, Documentary Letter of Credit,issued by (or Confirmed by) a Top 50 Prime World Bank, 100% at sight Port of Loading.

2

IRDLC + BG

Unconditional Bank Guarantee for one month's shipment value held as surety and then monthly payment by Irrevocable, Transferable or Non-Transferable, Auto-Revolving for one month's shipment value,Doccumentary Letter of Credit,issued by (or Confirmed by)a Top 50 Prime World Bank, 100% at sight Port of Loading.

3

FFBG

Fully Funded Bank Guarantee,issued by (or Confirmed by) a Top 50 Prime World Bank. There are other acceptable payment methods and also variations of these payment methods above applicable to certain comoodities that our Sellers may accept,however these will be advised in our Soft Offers.

Depending on the transaction,once we have given you a Soft Offer,we require a Letter of interest(LOI) or Irrevocable Corporate Purchase Order(ICPO) from the buyer with wording that mirrors the Soft Offer with full banking coordinates.To avoid any dispute regarding commissions,we require the buyer and all buyer mandates and intermediaries to complete and sign our NCNDA-IMFPA. We then issue a Full Corporate Offer(FGO) or Sales and Purchase Agreement(SPA) to the buyer for acceptance.

We do require Proof of Funds(POF),and varies as to when and how this provided. We accept the following as POF.

We do accept Soft Probes,which may be offered in the ICPO or LOI. These are usually for low end commodities as it is not a guarantee of any commitment to the contract in hand.

A BCL should list a description of the goods,the quantity the total contract value and the monthly revolving amount expressed in US Dollar.

SWIFT Code(also known as SWIFT-BIC code,SWIFT or SO 9362) is a standard format of Bank identifier Codes approved by the International Organization for Standardization(ISO). Its is the unique indentification code of a particular bank.These codes are used when transferring money between banks,particularly for international wire transfers,and also for the exchange of other messages between banks.