A clear, bank-compatible process from first inquiry to payment against documents — built for institutional buyers, banks and government counterparties.
01
📝 Inquiry & Product Specification
Buyer submits target commodity, grade, quantity and destination — informally or via our online forms.
02
📄 Offer (FCO)
DAAT7X issues a Full Corporate Offer with price, Incoterm, packaging and delivery schedule.
03
✉️ Letter of Intent (LOI)
Buyer confirms serious interest with a signed LOI, initiating formal contract discussions.
04
📜 ICPO
Buyer issues an Irrevocable Corporate Purchase Order confirming quantity, price and payment instrument.
05
🔍 KYC Exchange
Both parties exchange KYC documentation — corporate registration, banking references and authorized signatories.
06
📑 Sales Contract
A binding sales contract is drafted covering specification, quantity, price, Incoterm, inspection and payment terms.
07
🏦 Bank Instrument
Buyer's bank issues the agreed instrument — Letter of Credit, SBLC, or funds are placed in escrow — per contract terms.
08
🏭 Production & Loading
Goods are produced or drawn from stock, packed and loaded per the agreed schedule.
09
🔎 Independent Inspection
SGS or Bureau Veritas inspects quantity, quality and packaging prior to shipment; certificates are issued.
10
🚢 Shipment & Documents
Cargo ships; the full documentation set (BL, invoice, certificates) is presented per the payment instrument.
11
💳 Payment Against Documents
Payment is released to DAAT7X upon presentation of compliant documents, per the agreed instrument and timeline.
Ready to Start Step One?
Submit a Letter of Intent and our team will respond with a formal offer within 24 hours.
