COMMODITy
trade services
Contracts Completed
Buyer Partnerships
Supplier Partnerships
Countries
ABOUT US
WE MAKE FULFILLING bulk ORDERS EASY
- Commodities and Agriculture
- Industrial Materials
- Energy
Through our global network, we offer buyers and suppliers competitive pricing across commodities, industrial materials, and energy markets
What We Do
Leona Solutions operates as a commodity services and solutions provider for global commodity, energy, and agricultural markets. We connect suppliers and producers with buyers and end users. Our extensive network of contacts enables us to source quality products at competitive prices.
Our Services
Our Process
Providing a Letter of Intention (LOI) is the first step in starting a procurement process from the buyer to the seller.
Providing an Irrevocable Corporate Purchase Order (ICPO) ensures the seller that the buyer is ready to move forward with purchasing the intended commodity.
When the seller verifies the buyer’s proof of fund and approves the ICPO, the seller issues the Full Corporate Offer (FCO) and/or Sales and Purchase Agreement (SPA) for Buyer to review for acceptance or changes. In the contract, the buyer will find details about the commodity’s the plant manufacturing/seller information.
Once the buyer and seller agree on the terms of the FCO and the SPA they are ready to sign the contacts. Both the seller and the buyer receive a fully executed copy of the contracts.
A Performance Bond (PB) is provided by the seller’s bank guaranteeing the fulfillment of the commodity within the contract. The PB acts as a form of insurance to the buyer that his purchase will be fulfilled or else the buyer will be given the performance bond. The performance bond is typically amounted at 2% of the total value of the contract which is given to the buyer if the seller fails to deliver the commodity.
Once the seller approves the draft DLC or SBLC, the buyer’s bank sends an operative, non-transferable, irrevocable and rotating DLC or SBLC for the monthly freight value and maturity for a longer-term contract.
Once the seller approves the draft DLC or SBLC, the buyer’s bank sends an operative, non-transferable, irrevocable and rotating DLC or SBLC for the monthly freight value and maturity for a longer-term contract.
The seller’s bank will confirm the payment instrument and start the shipping process. The seller’s bank presents the Proof of the product (POP) including SGS certification and all certifications, SIF numbers, to export to USA, China, Europe or the destination country.
Shipping starts as per the contract and the seller and the buyer enter this cycle and must proceed with the execution of a mutually agreed schedule per agreed on the contract.
100% of the payment is sent to the seller’s bank MT103 once the completion of port inspection, shipping confirmation, and shipping documents is sent to the buyer.
contact us
Please reach out with any inquiries!