ACE TECH KOREA WELCOMES YOU
International Commodity Trader
International Commodity Trader
Ace Tech Korea is a dynamic company that exports petroleum products & mineral and gold(AU) 97% products. We are a team of industry professionals dedicated to providing exceptional service to our clients. With over a decade of trading experience, we efficiently bridge the gap from supplier to purchaser to secure a steady supply of essential commodities for producers, manufacturers, and end-users.
Ace Tech Korea is a dynamic company that exports petroleum products &AU gold bars, and other essential commodities. We are a team of industry professionals dedicated to providing exceptional service to our clients.
Professionalism
Our team specializes in a wide range of essential areas within commodity transactions. With our extensive knowledge of the documentation provided by both sellers and buyers, we meticulously verify and evaluate the authenticity of logistics and quality-related documents. This diligence ensures safe and secure transactions for all parties involved. Trust us to uphold the integrity of your commodity dealings.
Transparency of Transactions
To ensure fair and safe transactions that satisfy both sellers and buyers, we coordinate procedures that eliminate unreasonable or-transparent elements. Our commitment to maximizing transparency is achieved through direct communication between verified suppliers, buyers, and sellers, fostering trust and clarity in every transaction.
Quality Control
At Ace Tech Korea, quality is our utmost priority. We implement strict quality control measures at every stage of the export process. By partnering with reliable suppliers and conducting thorough inspections, we ensure that our petroleum products not only meet international standards but also exceed customer expectations. Your trust in our products is what drives to maintain excellence.
Petrochemical Products
Ace Tech Korea values direct cooperation with major oil refineries. These strategic partnerships provide us with exceptional access to petrochemical sources. By collaborating closely with these refineries, we guarantee the reliability and quality of our products while also optimizing the entire supply chain process.
Metals & Mineral
Welcome to our minerals and non-ferrous metals trading platform. We specialize in providing high-quality materials to meet your business needs. Our commitment to excellence ensures you receive the best products and services in the industry. Partner with us for reliable sourcing exceptional customer support.
Gold & Gems
Welcome to Ace Tech Korea, your trusted supplier of premium gold. We pride ourselves on delivering high-quality products and exceptional service to meet all your gold sourcing needs. Explore our offerings and experience the excellence that sets us apart in the industry
Sales Offer
We offer EN590 10 PPM CIF at a low price without any upfront cost without POP verification, with a minimum order quantity of 50,000 tons. Please review our TTO & CIF procedure and contact us for further information
EN 590 TTO Procedure
TANK TAKEOVER NON-NEGOTIABLE PROCEDURE.
1. Buyer issues official ICPO with banking details and company registration certificate.
2. Seller issues MOU contract for both parties to sign within 24 hours, buyer signs and send back with guarantee letter to fulfill the contractual agreement.
3. Seller issue POP documents which were issued in the initial buyer company's name as listed below;
* Certificate of Origin.
* Guarantee letter to supply or refund
* Product quality passport (Analysis test Report)
* Bill of Lading.
* Freight cargo Manifest
* NOR
* Vessel Q88
* Vessel ETA
* Ullage Report.
5. Upon buyer receipt of documents, buyer verifies the availability of the product on high sea and makes payment within 48 hours for the title takeover of the tanker/transaction guarantee for 5% of total product value and it will be deducted from the total product cost.
6. Upon seller's receipt ofthe title takeover payment, seller transfers the title to the potential buyer company's name and also re-issues all other outstanding documents to the potential buyer company's name and send via swift from seller's bank to buyer's bank to full prove the product.
7. Vessel arrives the discharge port and buyer carry out the CIQ/SGS inspection and upon a successful inspection, buyer makes the remaining payment by MT103 T/T for the 95% product value to the seller.
Gold(AU) 1Kg Bar
PRODUCT SPECIFICATION.
Product: Gold (Au) Shape: 1kg Dore Bar
Purity: Purity between 95%/97%
Origin: Brazil, Africa, Europe
Trial:500 KG
Place of shipment: maximum 10 tons
Extensive: 2,000 kg per month
Delivery: CIF
Contract term: 12 months (renewable for three years)
CIF PROCEDURE AND PAYMENT TERMS
The Buyer issues the LOI (LETTER OF INTENT) with KYC, CIS of the Buyer, being banked with proof of funds via SWIFT MT799.
The Seller issues the SCO (Soft Corporate Office) directed to the payer. Performs the Compliance of the purchasing company within a maximum period of 03 business days.
ICPO (Irrevocable Corporate Purchase Order) with KYC, CIS of the Buyer, being banked with proof of funds via SWIFT MT799.
The seller sends FCO to the buyer. And/or issues the SPA Draft.
The Seller/Exporter issues the draft of the SPA (Purchase and Sale Agreement). The buyer and seller sign the "Purchase and Sale Agreement" where the delivery protocol is outlined. Each page must be initialed. The Buyer issues a BCL or RWA as Proof of Funds and submits its full KYC in that sequence to the SELLER.
The Buyer's Bank sends RWA to the Seller's Bank via SWIFT MT799 on readiness to issue SBLC via SWIFT MT760.
After receiving the RWA via SWIFTMT799, the seller's bank sends MT799 to the buyer's bank about its readiness to accept SBLC via MT760.
Upon receipt of SWIFT MT799 upon readiness to accept SBLC via SWIFT MT760 from Seller's bank, Buyer's bank sends SBLC via SWIFT MT760 to Seller's bank account for a period of 1 year and 1 day.
Within XXXXXXXX working days, the Seller notifies the Buyer of the first delivery with all export documents.
Upon confirmation of the SBLC, the Seller shall issue 2% of the Performance Guarantee.
Upon confirmation of the Buyer's readiness, the Seller sends gold to the Buyer's choice of destination. All costs of exporting Gold from Seller's country to Buyer's designated country airport will be borne by Seller.
Buyer pays for the gold to Seller via bank transfers via TED, PIX, or MT103 after final refinery or final inspection of the gold.
NOTEl: The presentation of the BCL or RWA as Proof of Funds by the Buyer, as mentioned above, is essential for contractual negotiations to be finalized. It is necessary that the office cards that are forwarded with the RWA. All documents presented must be issued on letterhead, stamped and signed by those responsible for the Purchase and Sale in PDF format.
NOTE2: The above process is necessary and essential for carrying out the operation. The bank branches that will execute the issuance of the instrument have the procedure to deal with the matter.
PAYMENT TERMS
Upon completion of the Final Test, BUYER will pay SELLER via
S.W.I.F.T MT-103* or bank transfer within (3) business days after the review of the PARTIES and mutual acceptance of the Final Test Report Certificate.
The agreed purchase price will be paid in full according to the agreed discount based on the second LBMA fixing*.
Settlement: Payment (the amount of the remaining balance after the purchase date is fixed) must be made within 3 business days, this settlement will be made by
Transfer S.W.I.F.T MT-103 to the account listed by the Seller.
CONTACT US
