OFFERED CORE SERVICES
We are committed to supporting our clients in navigating the complexities of the oil market in offering the below services
Buyer/Seller Mandate Representation
- Buyer and Seller Introductions
- Transaction coordination
- Deal structuring
- Ensuring verified and secured engagements for our clients peace of mind.
- Commercial due diligence
Products Sourcing
- Crude Oil
- EN590 Diesel
- Jet Fuel A-1
- Mazut
- Petrochemicals
Document Management
Our understanding includes the commercial application and management of international trade documentation, including:
- Sale & Purchase Agreements (SPA)
- Irrevocable Documentary Letters of Credit (MT700)
- Non-Circumvention, Non--Disclosure Agreements (NCNDA)
- Irrevocable Master Fee Protection Agreements (IMFPA)
- ICPO and LOI documentation
- Banking coordination procedures
- ICC Uniform Customs and Practice (UCP 600) principles (SPA)
Bank Standards and Rules
Mchunu Holdings (Pty) Ltd conducts transactions in accordance with internationally recognized banking and trade rules, including:
- UCP 600 (Uniform Customs and Practice for Documentary Credits)
- ISBP 821 (International Standard Banking Practice)
- Incoterms® 2020
- SWIFT messaging standards
- International AML/KYC requirements
- Applicable sanctions regulations
Financial instruments guidance
- DLC (Documentary Letter of Credit) MT700
- BG (Bank Garuantee)
- SBLC (Stand By Letter of Credit)
- Swift MT799
- BCL (Bank Comfort Letter)
- POF (Proof of Funds)
- Corporate Garuantee
How We Work
- Conduct initial KYC screening to confirm credibility
- Negotiate Market Competitive Prices
- Negotiate procedure that best fits our clients i.e. FOB (Free on Board) or CIF (Cost Insurance Freight)
- Required Documents (ICPO,NCNDA,IMFPA,SPA,POP,BCL,TTF)
- Time Frame for deal completion
- Payment arrangements overview