FOBFree On Board
- Main carriage (freight)
- Buyer arranges and pays
- Cargo insurance
- Buyer
- Risk passes to buyer
- On board at the loading port
How we trade
From origin to discharge port, step by step
Every Sofico Le Baron shipment follows the same route: qualified sourcing, independent inspection, the right transport for the cargo, and delivery against complete documents.
01Process
Four steps, every shipment
- 01
Sourcing
We source from suppliers at origin who pass our due diligence, and we fix the product specification before anything is signed.
- Supplier checks and sanctions screening
- Specification, quantity and tolerance agreed in writing
- Origin and loading port confirmed in the contract
- 02
Independent inspection
Quality and quantity are verified by an independent surveyor at the loading port, not by the seller.
- Sampling and analysis against the contract specification
- Weight and quantity checks at loading
- Certificates of quality and quantity issued by the surveyor
- 03
Logistics
We match the transport to the cargo, the volume and the discharge port.
Transport Used for Bulk vesselDry bulk carriers for grains, oilseeds, pulses and sugar. Grains & oilseeds, Pulses & beans, Rice, Sugar ContainersBagged or loose cargo in 20′ and 40′ dry containers. Grains & oilseeds, Pulses & beans, Rice, Sugar, Vegetable oils Reefer containersTemperature-controlled containers for frozen cargo. Frozen meat & poultry FlexitankSingle-use liquid bladders in 20′ containers for edible oils. Vegetable oils - 04
Delivery
The cargo is delivered on the agreed Incoterm and the documents are presented through the banks.
- Discharge at the agreed port
- Documents presented under the letter of credit
- Surveyor’s certificates available to the buyer
02Incoterms® 2020
FOB, CFR and CIF
We sell on three Incoterms. Under all three, risk passes to the buyer once the goods are on board the vessel at the loading port.
CFRCost and Freight
- Main carriage (freight)
- Seller arranges and pays
- Cargo insurance
- Buyer
- Risk passes to buyer
- On board at the loading port
CIFCost, Insurance and Freight
- Main carriage (freight)
- Seller arranges and pays
- Cargo insurance
- Seller (minimum cover)
- Risk passes to buyer
- On board at the loading port
Incoterms® is a registered trademark of the International Chamber of Commerce.
03Payment
Letters of credit
We normally trade against irrevocable documentary letters of credit (L/C) subject to UCP 600. Payment is made when the bank receives documents that comply with the credit, which protects both buyer and seller.
04Documents
What you receive
The exact set depends on the product, the destination and the letter of credit. A typical shipment includes:
| Commercial invoice | Every shipment |
|---|---|
| Bill of lading | Every shipment |
| Packing list | Bagged and containerised cargo |
| Certificate of origin | Every shipment |
| Certificates of quality and quantity | Issued by the independent surveyor |
| Phytosanitary certificate | Grains, oilseeds, pulses and rice |
| Fumigation certificate | When required by the destination |
| Health and halal certificates | Frozen meat and poultry |
| Insurance certificate | CIF shipments |
Enquiries
Buying or supplying? Tell us what you need.
Send the product, quantity, Incoterm and port. Our trading desk replies from an @soficolebaron.com address.