How an Ettcetra International deal runs
Eleven tracked stages from the buyer's first enquiry to supplier remittance. Every stage is timestamped on the desk, so both sides always know where the cargo and the money stand.
- 1
Buyer Inquiry
Requirement received from customer
- 2
Seller Quotes Collected
Offers gathered from suppliers
- 3
Quote Submitted to Customer
Competitive offer sent
- 4
Deal Finalized
Price & terms agreed
- 5
Proforma Invoice Issued
PI sent for LC opening
- 6
Signed PI + LC Collected
Signed copy and LC draft received
- 7
LC Matched with Seller Terms
Clauses reconciled with supplier
- 8
Goods Shipped
Seller pushed to ship, BL issued
- 9
Tracking Updated
Vessel / container milestones
- 10
Payment Copy from LC Bank
Proceeds received from issuing bank
- 11
Seller Paid (less 1% fee)
Remittance after service charge
For buyers
- No fee to post a requirement or receive offers.
- One firm price on a clear incoterm, packing and payment basis — your enquiry is never circulated.
- Proforma invoice issued in the format your bank needs for LC opening.
- LC draft is checked clause by clause against the supplier contract before confirmation.
- Vessel, BL and ETA updates pushed as the shipment moves.
For suppliers
- Requirements arrive direct from the desk with tonnage and port — no time wasted.
- LC at sight in the desk's favour; terms reconciled with your sale contract.
- Shipping documents reviewed before presentation to reduce discrepancies.
- Proceeds remitted the same day the LC bank payment copy lands, less 1%.
- Firm offers stay on file, confidentially, for the next matching contract.
The 1% service charge
Ettcetra International earns a flat 1% of contract value. It is deducted once, at settlement, from the proceeds received from the LC opening bank before the balance is remitted to the seller. No listing fees, no retainers, no charge on offers that do not convert.