Description

Allow us to introduce ourselves; we are a small international services and supplies company currently based in Dar-Es-salaam, Tanzania. We are a diversified multi industry trading company that offers Services and Supplies across markets around the globe. We facilitate and nurture the opportunity for Suppliers and Customers to meet, by managing our business activities that initiates new supply or demand accounts for your business operations. While making sure that we coordinate and work with you from initial contact through to the closing of the business sales transaction and offer any ongoing needed continuous support. All along the process enhancing client or supplier satisfaction and retention, that will worth your while.
Winston International Services & Supplies, LTD is an international trading company that was founded in ***1 and became industry diversified in ***4. We specialize in Commodity trading such as Sugar, Rice, Wheat, Barley, Corn, Urea and other engineering services such as Automation Manufacturing, Engineering Services, Contract Manufacturing, Product Design, Information Systems, IT Services, and custom built Power Grid Transformers and power generators, through our independent business associates that we keep in close proximity.  We also outsource products such as Military Security and Protective gear, Biometric Access and Control Systems, commodities, Crude Oil and Petroleum Distilled products such as: (D2, REBCO, Jet Fuel, Mazut), Diamonds, Tanzanite and Alexandernite.In a period of last three years we have witnessed our company accumulate a steady growth while acquiring new market share potential. This is because of our selective portfolio of clientele and suppliers that we keep and do business with exclusively. Our company has great prices, supplies and services due to efficient, reliable and dependable suppliers who we are in close and direct contact. We envision our company to be one of the major leading firms in the industries of our specialty, offering quality goods and services at reasonable prices, and excellent service for customer retention of our clientele worldwide.
We would like to inform you that in order to meet your requirements we would have to receive a Letter of Intent (LOI) under company letter head before we can offer you the target price CIF/CNF/FOB or the best price possible under these market conditions.
 
The reason we ask for LOI is to eliminate time wasters who inquire but have no intentions to proceed with the orders. It takes tremendous amount of time and effort that could be directed towards more serious customers. So please show us your seriousness and good faith by submitting a LOI via our email or fax and we will respond promptly to meet your satisfaction within *4 hours.
 
Please note that all commodities can be packaged in any form of your choice bagged or in free flowing bulk. All bagged consignments are shipped in conventional vessels (break-bulk) or containers depending on the quantity and final destination within *0 to *5 days. We specialize in commodity transportation, handling all the details from origin to destination port in order to provide you with the most competitive freight alternatives possible. 
Please see below all necessary instructions required to do business with us.
Regards,
 
 
 
 
Winston S Kangero

 
PROCEDURE AGREEMENT
 
1) Buyer submits official, corporate Letter Of Intent (LOI) not more than 5 days old, accompanied by a Bank Capability Letter (BCL). (See forms section for further details)
 
2) Seller will offer a soft quote on FOB/CIF/CNF per metric ton, shall Buyer accept,
Seller will then issue a Full Corporate Offer (FCO) or a Draft Contract depending on buyers certainty to proceed.
 
3) Buyer returns Draft Contract to the Seller, duly signed and sealed, via Email (scanned copy), Fax or express mail.
 
4) Seller reviews and confirms any changes made in the Draft Contract, if agreed, Seller issues Final Contract
 
5) Buyer returns final contract to the Seller, via Email (scanned copy), fax, or express mail, duly signed and sealed. Along with the Draft Contract the Buyer will send the Draft Copy of the proposed text of the Letter of Credit, for Sellers approval. (See also payment mode section).
 
6) Buyers Bank issues a Non-Operative, Confirmed Letter Of Credit to Sellers Bank
 
7) Seller issues 2% Performance Bond (PB) in the form of Stand by Letter of Guarantee/Credit
 
8) Delivery and shipment commence as per schedule mutually agreed
 
 
 Payment Mode
All payments will be made with a Letter of Credit or specified by the Sellers choice. After the consignment is shipped, the Seller will collect payment from their bank under terms of transfer, assignment and execution of the letter of credit, upon presentation and validation of shipping documents.
The payment instrument we prefer is;
Stand By LC, Bank Guarantee, T/T (Swift Wire Transfers) and Fully Funded Documentary Letter of Credit (FFDLC) and NOT REVOLVING (FFRDLC). If payment instrument is REVOLVING then the client must put up *0% of total contract as down payment.
The shipped quantity can revolve but not the payment instrument, ONE LC for the entire quantity otherwise if the payment is REVOLVING we will have to charge you per shipment and not per entire contracted quantity.
When you open a Fully Funded Revolving Documentary Letter of Credit, it means that, if you have one deal for *0,**0 metric tons let\'s say, every time a shipment is delivered of *2,**0 metric tons, a new L/C is opened. Usually for the same dollar amount as the previous shipment based on *2,**0 metric tons consignments, this will proceed until the full contract amount for the *0,**0 metric tons has been delivered.
On the other hand, when you open a Fully-Funded Documentary Letter of Credit, what the Buyer is doing is putting all of the money into ONE L/C account for the full contract amount.  With every shipment of *2,**0 metric tones, the money is drawn down, taken out of the account (that is, the corresponding dollar amount of the shipment is taken out of the L/C leaving the rest of the money to be collected for future shipments).
What is the difference?  With a Fully-Funded Documentary Letter of Credit, the Seller has the guarantee that with each shipment, he will be paid the corresponding amount because the money of the total value of the contract is available and committed against the Letter of Credit and verifiable by the bank.  However, with the Fully Funded Revolving Documentary Letter of Credit, the Seller does not have the guarantee that the Buyer will open a new Letter of Credit or whether the funds are available and designated for the remainder of the order. (Even if it is supposedly "Automatically Revolving" - i.e. a new Letter of Credit is supposedly opened as soon as the shipment is delivered until the full contract amount is delivered and paid).