The Encore Company places a strong emphasis on a thorough and transparent customer registration process. By requiring prostective buyers to complete and sign the pre-qualification questionnaire and provide a copy of their corporate certificate, The Encore Company is ensuring that all parties involved in the transaction are legitimate and capable of engaging in a transaction.
The purpose of this onboarding between the principles is to provide full disclosure from both sides to allow the transaction a change to be a success. This mutual transparency helps to minimize misunderstandings and build trust between the parties involved.
Overall, it's clear that The Encore Company's approach is unique. By providing the "missing link" between Prospective Buyers and Real Refinery sellers and Title Holders of product, The Encore Company is helping to create a more efficient and effective marketplace in this industry for all involved.
We provide the Missing Link !!!
- We will thoroughly review the FOB or CIF procedure chosen by the prospective buyer to ensure they understand the necessary steps required to follow without any changes.
- On this call the Buyer must demonstrate financial and logistic capacity to advance before issuing us an ICPO for registration.
- We will share the Seller CIS so the buyer may conduct their own due diligence before submitting the ICPO.
- To ensure full Proof of Product (POP) can be issued and verified, there must be coordination between the buyer's logistic and financial departments. For FOB transactions, payment must occur within 24 hours of POP acceptance, while for CIF transactions, payment must take place within 5 days of receiving the cargo.
- If the prospective buyer wishes to proceed after the onboarding call, we will complete their customer registration and provide them with specific instructions on how to structure and address the ICPO via email. We will share the approved verbiage for the RWA as well as the SBLC MT-799 and MT-760 as needed for our Option 2 and 3 procedures.
- Once the ICPO is complete, it should be sent to the emails provided in the ICPO instructions for processing.