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Our Principles
Documents |
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1 |
All our offers are unique and we only send out protected documents. Any unauthorized change leads to immediate cancellation of our offer. Changed or sanitized documents without our contact data, letter heads or security attributes will not be honored and are not valid. |
Our Documents are secured |
2 |
We only accept documents exchanged between the banks - |
No PPOP/POP upfront |
3 |
All documentation comes from our refineries, banks or other authorities; respectively SGS or the port authority for example. Documents outside these sources are not acceptable. |
Official Documents only |
Banking |
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4 |
Buyer’s bank and Seller’s bank manage the process and sign responsible for the funds, product and performance of both sides. We only use prime, well established and performing banks. |
Bank responsibility |
5 |
No Performance Bond will be offered. We prefer penalties inside the SPA for both sides. |
No Performance Bond |
6 |
We only accept SBLC by MT760 as collateral. Any MT760 has to be announced by an MT799/Pre- |
Collateral |
7 |
We never trade the Instruments. Guarantees from our customers are collateral for the trade operations and nothing else. |
Instrument abuse |
Intermediaries |
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8 |
Resellers, Brokers and Buyer Mandates are welcome but we do not support broker chains – we have to communicate with the Buyer himself. We always pay Intermediaries but they cannot be part of the negotiations. |
Intermediaries |
9 |
We will always will confirm LOIs and ICPOs brought to us by intermediaries with the Buyer respectively the signatory himself. This process will be done between the Buyer and us only. We will inform the intermediary about this process and the outcome. |
LOIs and ICPOs |
10 |
We will never address any offer or contract to Intermediaries. After bringing us in touch with a Buyer they need to step aside and let Buyer and Seller close or cut the deal. They can attend but their opinion is meaningless. |
Offers to the Buyer only |
11 |
Intermediaries sending us manipulated documents (without any knowledge of the Buyer) will be excluded from any commission, independant of the result of the negotiations between Buyer and Seller. |
Zero Tolerance for Fake |
Miscalleneous |
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12 |
No upfront fees will ever occur. The MT799 is almost free of charge as it is only used with an "Pre- |
No Upfront fees |
13 |
Our procedure is based on fairness, transparency and security for both sides. We will not negotiate it. |
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The Companies "brap" and "Kalily Empreendimentos E Participações LTDA." have a history of more than five decades of adherence to the established and internationally accepted rules of fair trade and commerce. Accordingly, we will only work with customers who are equally committed to our guiding principles of integrity, transparency, safe and legal banking procedures, and the highest and best business practices in our industry. |