We partner with suppliers to secure "lots," meaning we seek guaranteed supply of goods that a supplier can produce and deliver over one or more years. Once this assurance of supply is provided, FECO EXPORTING formally contacts the port of loading to confirm loading depths.
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Suppliers and end buyers worldwide seeking secure export/import transactions should thoroughly review our website before contacting us. Upon receiving a relevant inquiry, FECO EXPORTING will provide an immediate response. If we do not respond to an email, please presume the inquiry was not of interest or not relevant to our business.
Similarly, an end buyer seeking a specific product may contact FECO EXPORTING to inquire about current stock or our ability to quickly source goods from our established suppliers. Inquiries lacking professionalism or correct trading aspects will be disregarded.
While we consider offers and contracts advised by suppliers, the majority of such documents are often rejected by FECO EXPORTING for not conforming to our strict procedures or for containing risk-laden clauses. By presenting our own offer and contract model, we save significant time, as most suppliers readily accept our strict but easily understood model documents, which protect the interests of both FECO EXPORTING and our suppliers. The added benefit of working with FECO EXPORTING, a leading global expert, is clear.
Our Engagement with End Buyers
Our Engagement with End Buyers
FECO EXPORTING only sells goods that have been secured from our undisclosed suppliers. We never make an offer unless we have firm assurance of supply in hand first. FECO EXPORTING is very active year-round, and end buyers can engage with us using our established processes.
An end buyer is an entity that takes direct possession of goods ordered from FECO EXPORTING. An end buyer with a poor credit rating or inability to open a DLC with their bank cannot conduct business with FECO EXPORTING.
An end buyer cannot purchase goods from FECO EXPORTING for reselling under the same Bill of Lading (BOL) in CIP, CIF, and CFR transactions. This is because the ship owner's BOL is endorsed in its blank area in the name of the end buyer, as required under UCP 600 DLC rules, which FECO EXPORTING strictly enforces in its sales contracts. This added security measure ensures that only genuine parties acting as principals to a transaction are involved. Due to security concerns, especially in these challenging times, FECO EXPORTING's strict procedures are a necessary aspect of doing business with us, ensuring both our interests and those of the end buyer are thoroughly protected.
All documents must be presented in accordance with UCP 600 banking rules.
One original set of documents.
Shipowner's Bill of Lading: A freight prepaid Shipowner's BOL is provided for added security, not a Charter Party endorsed BOL. (No BOL is served with basic FOB delivery mode).
Ship's Mate's Receipt
SGS PSI (Pre-Shipment Inspection) certificate
Export Permit, License, and Authority
Customs Endorsed SED (Shipper's Export Declaration)
Seller's Invoice (applying debits/credits)
Certificate of Origin
Insurance Policy: All Risks Coverage and Policy Proof of Interest Certificate (PPIC) are provided when the DLC is advised.
Any additional documents required and presented under the terms of the contract.
All payments to suppliers are made via banks ranked among the top 100 safest banks globally. Payments are facilitated through non-cumulative revolving Documentary Letters of Credit (DLCs), valued for the entire contract.
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