GRW DIRECTOR TANVEER'S GUIDANCE
PRE-REQUISITE CONDITIONS FOR ACQUIRING ‘GRW’ SERVICES APPLICABLE ON THE BOTH SELLERS & BUYERS OPERATING IN THE INTERNATIONAL MARKET
• Buyers and Sellers involved in international trade, can always take advantage from the ‘GRW’ that holds over 60 years-experience in providing its services in the areas of promotion, marketing and of course assisting sellers in finding genuine and reputable buyers, through GRW’s international trading platform, which is supported by the GRW’s marketing network worldwide, consisting of authorized GRW’s agencies (www.grwglobal.com).
• Fraudulent groups including criminals, have been actively involved in the commercial markets since centuries. To avoid any chance to become the victim, GRW can help you to have genuine and serious sellers and buyers as well. GRW takes all precautions in the selection of GRW agencies and in the selections of mines owners, manufacturers, millers, processors, large stockiest operating in the Global Village. GRW never introduces, regardless whether to seller or to buyer to become partners of each other, until GRW is fully satisfied of the credentials of each Seller and Buyer. GRW ensures that each seller & buyer is a genuine and enjoying good reputation, both in the domestic market and in the international market. PROCESSING OF ORDER AS PER THE POLICY OF THE GRW, APPLICABLE ON BOTH SELLERS & BUYERS
• Before moving forward, GRW seeks all basic relevant information from each seller and from each buyer, in order to check creditability and financially & physically ability to perform. GRW and its agencies worldwide, expect to receive documentary evidences from sellers and from buyers. Buyers and Sellers are requested to provide following info with documentary evidence:
Each buyer has to provide following information duly supported with documentary evidence.1. Company profile, websites etc.;2. Import volume, commodity-wise, done in the 2022-2023, metric tons & value in USA Currency;3. Financial strength (Bank’s certificate);4. Detailed analysis report (% of all elements), which is being imported and required by the buyer;
Each seller has to provide following information duly supported with documentary evidence.1. Company profile, websites etc.;2. Estimated reserves in metric tons of the offered mineral ore(s) in the mine(s) that are under full control of the Seller for the next 10-years (i.e. from 2023 ~ 2033);3. Valid Mine permit or license, issued in the name of the mine-owner-cum-exporter (seller) from the concerned governmental ministry or department;4. Performance (actual shipments executed in year 2022-2023), confidential info may be hidden;5. Updated photos, videos of mine(s), processing unit(s), Logistics equipment, stockpile, if any; 6. Detailed analysis report (% of all elements) for the offered commodity (mineral ore), recently conducted from one of recognized surveying companies such as SGS or CCIC;
PRE-REQUISITE CONDITIONS FROM ‘GRW’1. In the international trade Seller normally issues a ‘Full Corporate Offer’ or a ‘Soft Offer’ either directly in favor of the potential buyer, if no third party is involved, or in favor of the buyer’s mandate or the seller issues its offer in the name of the ‘GRW’ which acts in a capacity of a Facilitator in the transaction, GRW shall forward the offer to the potential buyer. 2. If inquiry from the buyer comes directly to the seller, if there is no mandate from the buyer’s side, then if GRW, on behalf of one of the GRW clients (buyers) directly ask seller for a soft offer, then the seller shall be obliged to issue a ‘Soft Offer’ in favor of the GRW, that shall be forwarded to the potential buyer. Negotiations would start between the seller & the potential buyer thru GRW, once the negotiations finally concluded, then Buyer will issue a ‘LOI’ or ‘ICPO’. 3. Once the Soft Offer is received at the end of the potential buyer, then all negotiations between the seller and the potential buyer will take place through ‘GRW’. When the negotiations finally concluded, then the potential buyer would issue a Letter of Intent (‘LOI’) based on the terms agreed between the seller and the potential buyer; 4. GRW will forward name & address of the potential buyer to the seller with a request to issue a Sale & Purchase Agreement (‘S&PA’), on the seller’s Letterhead, directly in favor of the ultimate buyer (opener of the ‘DLC’), and issue a Proforma Invoice (‘PI’) in favor of the ultimate buyer based on the terms & conditions as specified in the seller’s ‘S&PA’ and the Buyer’s ‘LOI’ for the establishment of the ‘DLC’ from the Buyer’s Bank. 5. GRW will forward the (‘S&PA’) to the ultimate buyer to sign the agreement. The buyer will return the signed agreement to the GRW for onward submission to the seller.
6. GRW will monitor the transaction in the following areas:i) To ensure the soft offer issued from seller is received at the end of the potential buyer;ii) To assist both Seller & Buyer in the negotiations till the end;iii) The ‘LOI’, issued from the ultimate buyer, is safely received at the end of the seller;iv) The final ‘S&PA’ duly signed by the seller, is received at the end of the buyer for the signature with stamped from the ultimate buyer, and to ensure safe receipt of the signed agreement at the end of the seller; v) To receive Proforma Invoice, duly incorporated all terms & conditions, from the seller and to ensure safe receipt of the Proforma Invoice at the end of the ultimate buyer;vi) To ensure timely establishment of a workable & negotiable DLC by the buyer (opener of the DLC) favoring the seller (Beneficiary of the DLC);vii) To assist both seller & buyer, if any issue arises in connection with amendments in the DLC;viii) To oversee the shipping arrangements, as planned by the seller, until the initial shipment is shipped and vessel sailed from the country of origin;ix) To ensure 100% payment is received under the DLC and credited to the beneficiary Bank account, after the original set of shipping documents is submitted to the negotiating Bank at the port of origin;x) To check the shipped material is arrived at the Port of Discharge, and cleared from the customs and the goods are found in order as per the agreement.COMMISSION1. GRW, before the commencement of the negotiations, between the seller and the buyer, GRW ensure to get a proper written legal document to safeguard the due commission receivable from the Payer on the due date. 2. All the intermediaries in each transaction, should make a proper and legal document between the payer and the receiver(s); Contd. Pge-3 PRE-REQUISITE CONDITIONS FROM ‘GRW’ Standard Payment terms (‘SPT’)
‘SPT’ that have been in practice in the international trade is a Documentary Letter of Credit (‘DLC’), payable at sight, if any party suggests some other payment terms, then those terms shall be discussed between the seller and the buyer. In fact, payment terms are normally settled when other terms, like quantity, price, delivery time, shipping terms, etc., are settled.
SAMPLING
1. In the commodities trade including minerals, buyers require samples (1-5kg) for getting analyzed at the buyer’s end, if the samples found meeting the required specifications then buyer gets a little confidence on the seller;2. There is no harm to dispatch the sample to the buyer subject the dispatching cost shall be on account of the buyer; Samples can’t be fabricated, reasons being sender of the sample is a mine-owner, while the receiver would be importer; 3. In the international trade, numbers of samples of various commodities and products have been sent and received on daily basis. It is always buyers’ choice to ask samples or not, but when a buyer request for the sample, seller shall be obliged to dispatch the sample as requested. 4. Since most of the commodities are traded in the international arena based on the Specifications, hence the most important document will always be a detailed analysis certificate issued from one of the internationally recognized surveying companies, likw ‘SGS’, CCIC or any other agency.
GRW ROLE IN COMMERCIAL TRANSACTIONS BEING TAKEN PLACE IN THE INTERNATIONAL ARENA
1. It may kindly be noted GRW and its agencies worldwide is not acting as a BROKER; but works for the direct producers as their Marketing Entity secured by an MOU to that effect.2. GRW has successfully been involved in the international trade for over 57 years facilitating business community in the international market;3. GRW’s main focus is to find reliable, well reputed, financially sound and serious millers, manufacturers, miners, processers, large stockiest operating in the Global Village, who based on the long-term would able to successfully perform, and at the same to bring well established, genuine, financially sound importers from different countries. 4. GRW facilitate Sellers & Buyers, operating in the international arena, by assisting both the seller and the buyer till the final conclusion of the transaction is done. Beauty is the negotiations is the negotiations, between the seller and the buyer, is conducted by the GRW. Neither seller knows buyer name nor buyer knows seller’s name, till the transaction is finally successfully concluded.5. Once the transaction is finally concluded successfully then the Sale & Purchase Agreement shall be issued from the seller directly in favor of the buyer (buyer’s name & address shall be given to the seller from the GRW). 6. DLC shall also be established from the buyer directly in favor of the seller on the basis of Buyer’s LOI and Seller’s Sale & Purchase Agreement. 7. GRW’s financial interest (commission) is settled with the payer in the initial stage.
• Buyers and Sellers involved in international trade, can always take advantage from the ‘GRW’ that holds over 60 years-experience in providing its services in the areas of promotion, marketing and of course assisting sellers in finding genuine and reputable buyers, through GRW’s international trading platform, which is supported by the GRW’s marketing network worldwide, consisting of authorized GRW’s agencies (www.grwglobal.com).
• Fraudulent groups including criminals, have been actively involved in the commercial markets since centuries. To avoid any chance to become the victim, GRW can help you to have genuine and serious sellers and buyers as well. GRW takes all precautions in the selection of GRW agencies and in the selections of mines owners, manufacturers, millers, processors, large stockiest operating in the Global Village. GRW never introduces, regardless whether to seller or to buyer to become partners of each other, until GRW is fully satisfied of the credentials of each Seller and Buyer. GRW ensures that each seller & buyer is a genuine and enjoying good reputation, both in the domestic market and in the international market. PROCESSING OF ORDER AS PER THE POLICY OF THE GRW, APPLICABLE ON BOTH SELLERS & BUYERS
• Before moving forward, GRW seeks all basic relevant information from each seller and from each buyer, in order to check creditability and financially & physically ability to perform. GRW and its agencies worldwide, expect to receive documentary evidences from sellers and from buyers. Buyers and Sellers are requested to provide following info with documentary evidence:
Each buyer has to provide following information duly supported with documentary evidence.1. Company profile, websites etc.;2. Import volume, commodity-wise, done in the 2022-2023, metric tons & value in USA Currency;3. Financial strength (Bank’s certificate);4. Detailed analysis report (% of all elements), which is being imported and required by the buyer;
Each seller has to provide following information duly supported with documentary evidence.1. Company profile, websites etc.;2. Estimated reserves in metric tons of the offered mineral ore(s) in the mine(s) that are under full control of the Seller for the next 10-years (i.e. from 2023 ~ 2033);3. Valid Mine permit or license, issued in the name of the mine-owner-cum-exporter (seller) from the concerned governmental ministry or department;4. Performance (actual shipments executed in year 2022-2023), confidential info may be hidden;5. Updated photos, videos of mine(s), processing unit(s), Logistics equipment, stockpile, if any; 6. Detailed analysis report (% of all elements) for the offered commodity (mineral ore), recently conducted from one of recognized surveying companies such as SGS or CCIC;
PRE-REQUISITE CONDITIONS FROM ‘GRW’1. In the international trade Seller normally issues a ‘Full Corporate Offer’ or a ‘Soft Offer’ either directly in favor of the potential buyer, if no third party is involved, or in favor of the buyer’s mandate or the seller issues its offer in the name of the ‘GRW’ which acts in a capacity of a Facilitator in the transaction, GRW shall forward the offer to the potential buyer. 2. If inquiry from the buyer comes directly to the seller, if there is no mandate from the buyer’s side, then if GRW, on behalf of one of the GRW clients (buyers) directly ask seller for a soft offer, then the seller shall be obliged to issue a ‘Soft Offer’ in favor of the GRW, that shall be forwarded to the potential buyer. Negotiations would start between the seller & the potential buyer thru GRW, once the negotiations finally concluded, then Buyer will issue a ‘LOI’ or ‘ICPO’. 3. Once the Soft Offer is received at the end of the potential buyer, then all negotiations between the seller and the potential buyer will take place through ‘GRW’. When the negotiations finally concluded, then the potential buyer would issue a Letter of Intent (‘LOI’) based on the terms agreed between the seller and the potential buyer; 4. GRW will forward name & address of the potential buyer to the seller with a request to issue a Sale & Purchase Agreement (‘S&PA’), on the seller’s Letterhead, directly in favor of the ultimate buyer (opener of the ‘DLC’), and issue a Proforma Invoice (‘PI’) in favor of the ultimate buyer based on the terms & conditions as specified in the seller’s ‘S&PA’ and the Buyer’s ‘LOI’ for the establishment of the ‘DLC’ from the Buyer’s Bank. 5. GRW will forward the (‘S&PA’) to the ultimate buyer to sign the agreement. The buyer will return the signed agreement to the GRW for onward submission to the seller.
6. GRW will monitor the transaction in the following areas:i) To ensure the soft offer issued from seller is received at the end of the potential buyer;ii) To assist both Seller & Buyer in the negotiations till the end;iii) The ‘LOI’, issued from the ultimate buyer, is safely received at the end of the seller;iv) The final ‘S&PA’ duly signed by the seller, is received at the end of the buyer for the signature with stamped from the ultimate buyer, and to ensure safe receipt of the signed agreement at the end of the seller; v) To receive Proforma Invoice, duly incorporated all terms & conditions, from the seller and to ensure safe receipt of the Proforma Invoice at the end of the ultimate buyer;vi) To ensure timely establishment of a workable & negotiable DLC by the buyer (opener of the DLC) favoring the seller (Beneficiary of the DLC);vii) To assist both seller & buyer, if any issue arises in connection with amendments in the DLC;viii) To oversee the shipping arrangements, as planned by the seller, until the initial shipment is shipped and vessel sailed from the country of origin;ix) To ensure 100% payment is received under the DLC and credited to the beneficiary Bank account, after the original set of shipping documents is submitted to the negotiating Bank at the port of origin;x) To check the shipped material is arrived at the Port of Discharge, and cleared from the customs and the goods are found in order as per the agreement.COMMISSION1. GRW, before the commencement of the negotiations, between the seller and the buyer, GRW ensure to get a proper written legal document to safeguard the due commission receivable from the Payer on the due date. 2. All the intermediaries in each transaction, should make a proper and legal document between the payer and the receiver(s); Contd. Pge-3 PRE-REQUISITE CONDITIONS FROM ‘GRW’ Standard Payment terms (‘SPT’)
‘SPT’ that have been in practice in the international trade is a Documentary Letter of Credit (‘DLC’), payable at sight, if any party suggests some other payment terms, then those terms shall be discussed between the seller and the buyer. In fact, payment terms are normally settled when other terms, like quantity, price, delivery time, shipping terms, etc., are settled.
SAMPLING
1. In the commodities trade including minerals, buyers require samples (1-5kg) for getting analyzed at the buyer’s end, if the samples found meeting the required specifications then buyer gets a little confidence on the seller;2. There is no harm to dispatch the sample to the buyer subject the dispatching cost shall be on account of the buyer; Samples can’t be fabricated, reasons being sender of the sample is a mine-owner, while the receiver would be importer; 3. In the international trade, numbers of samples of various commodities and products have been sent and received on daily basis. It is always buyers’ choice to ask samples or not, but when a buyer request for the sample, seller shall be obliged to dispatch the sample as requested. 4. Since most of the commodities are traded in the international arena based on the Specifications, hence the most important document will always be a detailed analysis certificate issued from one of the internationally recognized surveying companies, likw ‘SGS’, CCIC or any other agency.
GRW ROLE IN COMMERCIAL TRANSACTIONS BEING TAKEN PLACE IN THE INTERNATIONAL ARENA
1. It may kindly be noted GRW and its agencies worldwide is not acting as a BROKER; but works for the direct producers as their Marketing Entity secured by an MOU to that effect.2. GRW has successfully been involved in the international trade for over 57 years facilitating business community in the international market;3. GRW’s main focus is to find reliable, well reputed, financially sound and serious millers, manufacturers, miners, processers, large stockiest operating in the Global Village, who based on the long-term would able to successfully perform, and at the same to bring well established, genuine, financially sound importers from different countries. 4. GRW facilitate Sellers & Buyers, operating in the international arena, by assisting both the seller and the buyer till the final conclusion of the transaction is done. Beauty is the negotiations is the negotiations, between the seller and the buyer, is conducted by the GRW. Neither seller knows buyer name nor buyer knows seller’s name, till the transaction is finally successfully concluded.5. Once the transaction is finally concluded successfully then the Sale & Purchase Agreement shall be issued from the seller directly in favor of the buyer (buyer’s name & address shall be given to the seller from the GRW). 6. DLC shall also be established from the buyer directly in favor of the seller on the basis of Buyer’s LOI and Seller’s Sale & Purchase Agreement. 7. GRW’s financial interest (commission) is settled with the payer in the initial stage.