LOI Standards
Corporate letterhead, authorized signature/seal, exact destination and commercially workable pricing basis.
Standard operating procedure
Trading Procedures & Buyer Compliance
Sequential workflow for qualified petroleum coke procurement and transaction execution.
Chelet Ltd. Buyer Compliance & CIS Guide
Official mandatory documentation criteria, CIS requirements and LOI standards used by the Chelet trade desk.
Client Compliance (LOI & CIS)
Buyer submits a formal Letter of Intent (LOI) together with a fully executed Client Information Sheet (CIS) and company registration documents.
Due Diligence & FCO Issuance
Compliance desk verifies the buyer profile and, where commercially applicable, issues a Full Corporate Offer (FCO) linked to Argus/Platts market references and agreed quality terms.
Commercial Contract & Protection
Execution of the Sale & Purchase Agreement (SPA) and any agreed non-circumvention, confidentiality or fee-protection documentation.
Banking Instrument Activation
Buyer provides the agreed banking instrument, such as an irrevocable documentary letter of credit or SBLC, in accordance with the executed contract.
Inspection, Loading & Settlement
Independent quantity and quality inspection is performed at the agreed stage, followed by loading, document presentation and settlement under the contract.
Chelet compliance
Mandatory Onboarding Principles
The supplied Chelet compliance guide calls for a complete CIS alongside a compliant LOI and emphasizes clear pricing structure, exact discharge port and selected payment instrument.
CIS & Financial Capacity
Accurate corporate history, aligned business scope and verifiable POF or Bank Comfort Letter where required.
Data Security
Sensitive banking information should be protected; secure bank-to-bank verification is preferable to uncontrolled circulation by email.
Ready to submit a petroleum coke inquiry?
Qualified LOI, CIS and commercial inquiries are handled through Chelet Commodity Trading & Marine Solutions Ltd. Şti.