Welcome to Consto Trades Blogspot

If you need a reliable commodities trading company with whom to work; if you are sick and tired of agents or brokers who waste time, carry fake docs, and make bogus claims; if you agree that 98% of agents in this industry are scammers,  time-wasters, fraudsters and all, then we are happy to inform you that you need look no further. Consto Commodity Trades is your final answer and solution to all these concerns. We created this blogspot to share, encourage, enlighten, and promote our excellent trading practices in contrast to what is widely, but unfortunately known world-over in the commodities trading industry. We have evaluated the frustrations and gridlocks that many Buyers and Sellers experience on daily basis and resolved to bring solutions and relief to numerous parties who are interested ONLY in legitimate and authentic sources for reasonable deals.

Consto Trades LLP (dba Consto Commodity Trades) is a partnership corporation duly registered in the State of Texas, USA with services such as domestic business loan origination, global commodity brokerage, and trade representation for a wide range of physical commodities. We have a team of ethically sound and experienced trade agents with relevant educational background and years of experience in different fields that are in trade network with us as brokers, facilitators, intermediaries, papered mandates, and certified representatives, bringing serious Buyers, Sellers, and Suppliers to the table for trades in diverse physical commodities. We stand as a Reseller in some cases, direct source to Sellers/Suppliers in other cases; and an intermediary for both Sellers and Buyers in some others. Our primary goal is to facilitate deals while ensuring that ALL PARTIES to a deal EXPERIENCE a WIN-WIN SITUATION every single time AT OUR NEGOTIATION TABLE. We are very fair-minded, we work with diligence and all sense of purpose, but very firm in our standard principles and beliefs.
 
As trade merchants, brokers, intermediaries, and facilitators, our duties include ensuring both parties to a transaction ultimately agree to a set of procedure that will be acceptable to all concerned; especially if the two parties are dealing with each other for the first time. Below is a list of our preferred procedures as submitted in previous deals by sellers and buyers.

We hope interested parties would find these acceptable, appreciable, and also be Ready, Willing, and Able to proceed after due consideration.

Procedure Checklist
1. After a successful discussion about price and product specifications, Buyer issues either

• LOI or BCL
• authorization to verify funds
• authorization for soft probe
• and signs
• ICPO (irrevocable corporate purchase order),
• NCNDA (non circumvention, non disclosure agreement), and
• IMFPA (irrevocable monetary fee protection agreement) 

2. Seller confirms the ICPO or makes a counter offer, with an FCO (full corporate offer)

• availability
• price
• payment terms
• delivery schedule
• and signs IMFPA

3. Buyer

• confirms the FCO or issues a counter offer
• buyer signs and seals contract (sales & purchase agreement - SPA)

4. Seller

• sends Draft Contract with
• full terms and  
• conditions

5. Buyer

• signs the Draft Contract with notary 
• seals it and sends hard copies of the Draft contract back to our Manufacturer by fax or email

6. If both Buyer and Manufacturer agree, then

• Manufacturer will mail 5 original copies to the Buyer via DHL or FedEx

7. Buyer forwards to Manufacturer

• Pre Advise SBLC or Partial Bank Guarantee
• irrevocable
• transferable
• unencumbered
• unconditional
• 100% at sight
• in the name of our main manufacturer

8. Seller

• receives the Pre-Advised Bank Guarantee by fax or mail and

• sends a copy to our main manufacturer by fax or email

9. Seller sends proof of product (POP)

• in form of the letter from the manufacturer/plant
• confirming the product to the Buyer's Bank and posts a 2% Performance Bond (PB) for the transaction

10. Loading commences as per schedule supplied in the contract

• usually within 30 to 45 days from date of receiving an operative payment instrument

OR, Our preferred term - CIF:
1. Seller issues Contract with Full Banking Coordinates and Proof of Product

• (POP)

2. Buyer and Seller

• sign the SPA contract incorporating their full banking details 
• parties deposit copy of properly executed SPA with their banks for the records

3. Buyer returns the signed SPA with:

• a corporate undertaking to confirm RWA
• the RWA shows that Buyer is to issue by SWIFT, BG, or MT760 POF after receipt and confirmation of the issued ETA by Buyer's storage tank farm
• Buyer provides end-buyer's Discharge Port facility

4. Seller within 72 hours, Seller verifies POF and Buyer verifies POP respectively

5. Loading commences

6. Delivery at Buyer's preferred Port

7. Buyer's Inspectors

• usually within 24 hours after berthing, Buyer's Inspectors conduct QandQ, sends certified report to both Seller and Buyer

8. Seller

• collates all cargo info and marine docs, and
• swifts same to Buyer's bank for payment

9. Buyer's Bank

• Within 72 hours, Buyer's bank releases ALL payments including commissions by SWIFT to Seller and all middlemen.

Other Terms:
1. SELLER or seller's agent

• issues soft offer
• SCO to Buyer.

2. BUYER issues ICPO to Seller.

• first response

3. SELLER

• issues draft contract to Buyer.

4. Seller and Buyer

• Both parties sign the contract 

5. SELLER issues full POP, Allocation Number and Tank receipt via Seller’s Bank.

6. BUYER’s Bank issues Irrevocable Revolving Transferable Documentary Letter of Credit (IDLC).

7. SELLER issues 2% PB to activate Buyer’s payment instrument.

8. Payment instrument activated.

9. Delivery commences as scheduled, within 20 to 30 days.