01
Source
Cargoes are sourced from vetted suppliers and executed through bank-backed instruments, including letters of credit and MT799 payment undertakings.
02
Execute
Each trade round is structured, documented, and settled through regulated banking channels.
03
Cycle
Capital is recycled through successive trade rounds during the year.
04
Distribute
Net trade proceeds are distributed to token holders, with USDC as the primary settlement layer.
Document flow
The 10 steps of every cargo
01KYCBuyer and Seller exchange KYC pack information and documents.
02FCO issuedSeller issues FCO to the Buyer for signing and stamping.
03SPA signedBuyer and Seller execute the proforma invoice and SPA; Buyer submits Q88 vessel details for STS operations.
04BankingSeller and buyer bank finalize MT 799 Payment Undertaking / MT 700 DLC drafts, approved by respective banks.
05Tokens mintedSmart contract mints cargo tokens.
06Escrow fundedBuyer’s bank swifts the MT 799 / MT 700 or funds (TT/Wire) to an escrow / collection / custody account.
07LoadedVessel loads; SGS issues Q&Q certificate plus B/L, cargo manifest, ullage report, certificate of origin and insurance certificate.
08DischargingDischarge port SGS confirms EN590 spec; NOR and delivery note issued.
09Settled · burnedEscrow / collection / custody account releases to seller; tokens burned.
10DeliveredTitle transfers; cargo delivered CIF.