Purchase Payment and Delivery

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Payment and Delivery

Group Biomass CIG export biomass fuel products worldwide and also supply the local market. The minimum order volume is 25 Tons (1 40″ foot maritime container FCL capacity). For supply in the market local market of Cameroon, we can deliver small volumes, but not less than 10 tons.

CONTRACT / PURCHASE SUPPLY PROCESS

  1. You send us your Proposal or RFQ to our sales team at: info@groupbiomass.org
  2. We review your request of specification such as; tree species, time, dimension, wood quality, quantity, destination port and many more.
  3. If all looks good we set up communication via WhatsApp for further clarifications.
  4. If all goes well we send a Due payment invoice or an interim invoice to break down the value of a large project into multiple payments.
  5. We receive payment and initiate your  supply process. If we have your requested products quantity already stock then we move to step 7.
  6. In case where we do not have your request quantity stocked in our warehouse, we will begin processing of the remaining quantity the next business day. This process may take about 8 – 15 days depending on the season of the year. 
  7. Carrier delivery or Shipment (heavy-duty motor vehicles, maritime container) in compliance with Incoterms 2010 (FCA, DAP, CIF, CFR FOB).
    • FOB or Free Carrier” means that the delivery occurs when African Forest Timber Ltd passes the Lumber/timber to a carrier or another party selected by the customer, at own place or any other destination. The customer is recommended to clearly define the delivery port as the customer assumes the risk and responsibility at that very point.
    • DAP (Delivered at Place or Delivery At Destination Port)
      “Delivered at Place” means that the delivery occurs when African Forest Timber Ltd hands the Lumber/timber over to the customer on ready-for-upload the vehicle at the agreed destination. African Forest Timber Ltd assumes all risks related to delivering the goods to the agreed destination.
    • CIF (Cost Insurance and Freight)
      “Cost Insurance and Freight” means that African Forest Timber Ltd delivers lumber/timber to the vessel or places the goods delivered that way at the customer’s disposal. The risk of loss or damage is transferred once the goods have been loaded on board. African Forest Timber Ltd has to conclude an agreement and cover all expenses and freight costs necessary for delivering the Lumber/timber to the agreed destination or port. African Forest Timber Ltd also has to conclude an insurance agreement covering the risk of losing or damaging the goods during shipment.
    • CFR (Cost and Freight)
      “Cost and Freight” means that African Forest Timber Ltd delivers Lumber to the vessel or places the Lumber delivered that way at the customer’s disposal. The risk of loss or damage is transferred once the Lumber have been loaded on board. African Forest Timber Ltd has to conclude an agreement and cover all expenses and freight costs necessary for delivering the Lumber to the agreed destination.
The delivery cost depends on the distance and volume of the order. Date and time of delivery have to be agreed on with the sales department.

Please note:
– The price will be quoted based on FOB incoterms
– The price quoted includes export documents such as: Commercial Invoice, Packing List, and Bill of Lading
– The price excludes the Self Heating Test (SHT) and Vanning Weathering Test (VWT) certificate by the third party surveyor

Bringing quality healthcare to everyone, regardless of background, by providing accessible, compassionate, and comprehensive medical services for all individuals.

Accepted Payment Methods and Terms

To be competitive in business today, Group Biomass CIG has to think globally. At Group Biomass CIG we understand that to sell internationally, it’s critical to offer appropriate payment methods that are safe and have favorable terms for both the customer (importer) and our common initiative group (exporter). There are risks involved in international trade. Importers want to receive their goods before making payment, and exporters want to be paid before they release the goods. This is why Group Biomass CIG deem it necessary that reliable payment methods are important.

There are two main types of payment methods we accept:

1. Cash in Advance

The cash in advance method is the safest for Group Biomass CIG because they are securely paid before goods are shipped and ownership is transferred. Typically payments are made by wire transfers to our common initiative group bank account name: Group Biomass CIG

Unfortunately trust problems have made first time customers as the least desirable method for most customers because they fear the risk of goods not being shipped, and it is also not favorable for business cash flow. That is why in must case we may invite you to pay  40% cash in advance in our office at our factory location. We can also lodge you in a local hotel in Cameroon for 30 days, so that you can supervise your products before it is loaded in the maritime containers. If you choose not to travel to Cameroon or not to visit our factory, we can make available one of our representative to meet you in your destination or in Dubai for a positive face to face meeting. Please always verify with our office to confirm any meetings to avoid fraud.

 

2. Irrevocable Documentary Letter of Credit or Payment Against BL Upon Verification.

Cash in advance is mostly accepted by long term customers or for small purchases. At Group Biomass CIG we understand that no exporter who only accept cash in advance payment can be competitive, that is why we accept a documentary credit, or letter of credit, as our second payment method which is basically an irrevocable promise by the customer’s bank to pay Group Biomass CIG if all terms of the contract are executed properly. This is one of the most secure methods of payment preferred by must first time customers.

We accept a Standby Irrevocable Documentary Letter of Credit if the customer has not established credit with the same bank if we can completely veiry the LC with the customer’s issuing bank.

Seamless steps to open a documentary letter of credit transaction with us:

The contract is negotiated and confirmed

Our team develops a tailored care plan that addresses your unique medical requirements and goals.

01

The customer applies for the documentary letter of credit with their bank.

02

The documentary credit is set up by the costomer's issuing bank and Group Biomass CIG local bank (Eco-Bank Cameroon).

03

The products are Loaded in the maritime company shipping container(s). A bank officer verify the products before and after its loaded to the maritime shipping containers.

04

Documents verifying the shipment and all terms of the sale are provided by Group Biomass CIG to the bank where we have an active business bank account (Eco-Bank Cameroon)   and then our bank sends the documents to the customer’s issuing bank.

05

The costomer's issuing bank verifies the shipping documents documents and issues complete payment of LC to our receiving bank.

06

Note that if our bank does not confirm payment, we will not allow the maritime containers to depart and this will be indicated in our draft agreement of our Documentary Letter of Credit.

NB:

Frequently asked questions

We provide free sample up to 1 Kg for quality confirmation and customer will need to pay for the shipping cost from Cameroon to their country with DHL or UPS services

Committed to responsible and sustainable charcoal production. All of our lump charcoal is made exclusively from legally sourced wood wood residues that does not come from protected forests or illegal logging.

Exporters can use hedging strategies, such as forward contracts, to manage currency fluctuations. 

The customer covers bank charges and transfer fees. 

Payment processing times vary significantly depending on the chosen method and banks involved.