Simplified Procedures to purchase food commodities from Hatton Group Limited

1. Buyer agrees on the pricing by e-mail with Seller (Hatton). Pricing for white sugar is based on London's LIFFE, for raw VHP is based on New York 11. A premium is added the the prices shown in these exchanges.Then Buyer and Seller sign contract.
2. Seller will sent past performance such as past B/L, inspection report, health certificate, etc to Buyer to confirm Seller has shipped sugar in the past.
3. Buyer bank issues agreed upon payment methods, and Seller makes vessel booking for containers or full vessels and transmit the booking information to Buyer. Again, Buyer can call the shipping lines such as MSC, or Mearsk, or port authority to confirm the booking.
4. Seller loads the products to vessel and email copies of B/L, inspection report (SGS or Cotecna, etc), health and sanitary reports and certificate of origin directly to Buyer. Buyer should contact the inspection agency - SGS or Cotecna - to verify the certifcates are authentic. Please note that this is very important to prevent FRAUD on the SGS certificates. By contacting SGS directly to confirm that the report is genuine, there is no chance of errors.
5. Buyer bank then releases the payment to Seller Bank and collects shipping documents.

 LOI draft in pdf (23.94 kB)           BCL format in pdf (34.44 kB)