FAQs

All the prices upon request only!

In order to find out the price for the product/products you want to purchase contact us!

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The minimum quantity of the order is dependant upon the product you want to purchase.

For more information about the minimum quantity of each product contact us.

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Samples upon request only!

In order to get samples of our products, the buyer will need to incur the cost and issue an LOI.

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Buyer must open SBLC or BG ( MT760) instrument from a TOP50 world bank from a western origin. Alternate buyer can set up funds with USA Escrow.

SBLC from the Middle East, Asia etc will need confirmation from a corresponding western bank. For example, Citibank Dubai will need confirmation from Citibank NY USA.

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The only risk the buyer has is the seller not performing and buyer losing (1) the issuance fee and (2) the opportunity in the market. This risk lies even with LC/DLC. So opening BG/SBLC/DLC etc. all have the same risk.

The only way to encash BG/SBLC is after payment default by the buyer and after receiving shipping documents.

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Majority of the commodities moves in the market through various sellers and they need to pay to various mills and logistics. That’s why most of the time you need Transferable LC. But Opening non-transferable LC doesn’t guarantee you the product.

As a buyer, you need to make sure you are dealing with the right seller. Verify seller credibility, availability of product, make your due diligence in all scam sites, talk over phone/ skype. And if the seller has access to product, then you can issue Transferable / NonTransferable LC as per seller’s need.

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The seller can not issue POP after contract. POP comes with a cost and also reserving commodities for the buyer. So POP (including SGS) issues only after operative instrument.

PPOP (warehouse receipt) usually issues after contract and after POF from the buyer. For some commodities, PPOP also comes only after operative instrument.

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Under no condition, the buyer should provide past B/L and SGS!

There are some reasons these documents are not provided:

  • Misuse of the documents.
  • They are under legal binding term with the past seller.

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A lot of buyers think that if they issue non-operative SBLC/BG, 2% PB will activate the instrument.

In reality, SBLC/BG is always operative once issued. PB can only follow after the operative instrument.

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The list of preferred banks for MT760 BG/SBLC:

  • BNP Paribas SA, France, JPMorgan Chase Bank National Association, USA,
  • Deutsche Bank AG, Germany, Crédit Agricole SA, France, Barclays Bank PLC, UK,
  • Bank of America NA, USA,
  • Wells Fargo Bank NA, USA, Société Générale,
  • France, Citibank NA, USA, The Royal Bank of Scotland plc, UK, HSBC Bank plc, UK/HongKong/Singapore, UBS AG, Switzerland, Standard Chartered PLC, UK

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We start moving commodities only after the authentication of BG/SBLC and receiving the hard copy of BG. If the buyer doesn’t require specific packing, the seller can load vessel in 20-25 days. Then transit time depends on the port.

If the buyer requires specific packing, it can take 30-45 days to load the first vessel.

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For a large commodity deal, 3$-5$ is the standard commission. Adding 5$ with every email forwarding doesn’t yield to a contract and payout. At some point the buyer gets direct and the contract structure changes several times with instrument size, contract quantity, etc. At this point securing anything more than 3$-5$ is not viable and not possible.

We usually secure 3$-5$ margin in all cases and can protect mandates, agents etc.

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In a nutshell, If you want to ship large bulk commodities we can assist you to do it.

Due to the nature of our business and the confidentiality associated with our contracts and NCND agreements; we can state affirmatively that we have a good track record. Also on our site, we have referenced specific shipment amounts from our Strategic Partners. We have deliberately left off specifics for our shipments, as it is not prudent to share details about our current or past clients, contracts or shipments. As a client, we assure you would receive this same level of confidentiality.

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We have learned that doing too many things creates an environment where we don’t get anything done. We would rather be really good at one thing, then mediocre at ten things. We focus on commodities such as grains, proteins, poultry, sugars, coffee, fruits and fuels. We are open to discuss other opportunities, but our focus is as described.

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Yes, we are willing to pay you as a broker when you bring us one of your clients and they do business with us.

One of our core beliefs as a company is creating win-win scenarios; so that those who are associated with us are better off for doing so. If you have spent your time and resources creating lasting relationships with your clients, you deserve to be paid for assisting us to create a relationship with them as well.

Money follows value, so our position is that the greater the influence you have over your client to transact efficient business, the higher a referral fee you would deserve at closing.

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The nature of our business relies on consistently networking and learning the players in the ever-changing world of commodities. If you are the type of person with a skill-set or network that would complement our business model; we would be willing to discuss having you as a part of our team.

Every team member that you find on theOur Teampage was invited to be a member of the Peed Bros Team. As you can see, it is a highly qualified group of individuals.

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