What the buyer specifies
- Crude or refined grade
- Food, blending or industrial end use
- Required fatty-acid, moisture, peroxide, colour and other quality limits
- Quantity, packing or bulk format and shipment window
- Preferred origin, destination and delivery rule
- Inspection, certification and payment structure
Codex Alimentarius CXS 19 or another agreed standard may be used as a reference where appropriate. The live offer and final contract set the binding specification.
Origin and delivery planning
Suitable origins are assessed against the buyer’s specification, quantity, shipment window, destination and landed economics. The live offer identifies the proposed producer or seller, country of origin, load point, quantity and route.
Each proposed transaction is reviewed using the actual origin, counterparties, banks, vessel or carrier, route and destination.
The parties select the appropriate Incoterms® 2020 rule only after confirming the transport mode and exact named port or place.
Inspection and destination requirements
Typical documents may include a certificate of analysis, certificate of origin, weight evidence, independent inspection and transport documents. Import licensing, food standards, customs treatment and tax depend on the destination and product grade.
Product, import, inspection, customs and documentation requirements are confirmed for the actual destination, importer and declared end use.