Every transaction at Aurore Commodities follows a structured process designed to protect all parties, ensure regulatory compliance and deliver the product on time, to specification and within the terms agreed.
Before reaching out, please be ready to provide the product type, grade and specification required; approximate volume in barrels or metric tonnes; destination port or terminal and delivery timing; preferred Incoterms (CIF, FOB, CFR or DES); proposed payment mechanism (LC or SBLC); and your company name, jurisdiction and brief background. Formal documentation is required only once mutual interest is confirmed.
Physical commodity transactions typically take two to six weeks from initial engagement to cargo delivery. We will not make commitments we cannot honour.
Once mutual commercial interest is confirmed, Aurore initiates its counterparty due diligence process. No offer is issued until due diligence is completed to our satisfaction. Our KYC process covers corporate registration verification, beneficial ownership identification, sanctions and PEP screening, financial standing assessment and business activity verification.
Aurore issues a formal commercial offer outlining the product specification, pricing referenced to internationally recognised benchmarks (Platts, Argus, ICE) at an agreed differential, volume, delivery terms, laycan and payment conditions.
All agreed terms are formalised in a Sale and Purchase Agreement drafted or reviewed by qualified legal counsel, with provisions for dispute resolution, force majeure, quality and quantity testing protocols, payment conditions and governing law. The LC or SBLC is expected in place within the timeline agreed in the contract, administered in accordance with UCP 600.
Our operations team coordinates vessel nomination and vetting, loading port coordination, independent inspection at load and discharge by SGS, Intertek or Bureau Veritas, and all required shipping documentation.
The full document set, commercial invoice, original bills of lading, certificates of quality and quantity, certificate of origin, is compiled and presented to the nominated bank for payment under the LC. All documents are prepared with precision to ensure clean presentation with no discrepancies.