LOI Standards
Corporate letterhead, authorized signature/seal, exact destination, requested grade/volume and commercially workable pricing basis.
Standard operating procedure
Trading Procedures & Buyer Compliance
Sequential workflow for qualified iron ore 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 & Commercial Offer
Compliance desk verifies the buyer profile and aligns the commercial structure with the required Fe grade, quality parameters, benchmark basis, origin and destination.
Commercial Contract & Protection
Execution of the Sale & Purchase Agreement (SPA) and any agreed confidentiality, non-circumvention or fee-protection documentation.
Banking Instrument Activation
Buyer provides the agreed banking instrument in accordance with the executed contract and approved bank-to-bank procedure.
Inspection, Loading & Settlement
Independent quantity and quality inspection confirms the contracted iron ore parameters, followed by loading, shipping documentation and settlement under the contract.
Chelet compliance
Mandatory Onboarding Principles
A complete CIS and compliant LOI support efficient review of the requested iron ore grade, quantity, destination and payment structure.
CIS & Financial Capacity
Accurate corporate history, aligned business scope and verifiable financial capability 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 an iron ore inquiry?
Qualified LOI, CIS and commercial inquiries are handled through Chelet Commodity Trading & Marine Solutions Ltd. Şti.