Guidry Liason Group Inc, supplies export Agi products from processing facilities that are Certified Level 2 Safe Quality Foods (SQF L2) and equipped with modern equipment and technology to provide high quality cleaned and uniform food product ready for consumption that are industry leaders in pulse processing, seed processing and grain marketing.
Each supplier has state-of-the-art processing lines and high-quality certified legume and cereal seed. Therefore, we are a superior source of cleaned and processed chickpeas, dry peas, lentils and grains to both domestic and international markets.
C&F (Cost and Freight).
Seller provides the cargo, covers the loading costs and charters the ocean vessel for a specific destination. The buyer must pay for insurance and for discharge of the grain from the vessel. Buyer specifies shipment period.
CIF (Cost, Insurance, Freight).
Seller provides the cargo, covers the loading costs and charters the ocean vessel, plus insures the cargo until it reaches its destination. Seller determines the final loaded quantity within the contract quantity tolerance; the buyer pays for discharge. Buyer specifies shipment period.
FOB (Free on Board).
Seller is responsible for placing grain at the end of the loading spout. Buyer is responsible for providing the ocean vessel, and for all other costs after the grain is delivered on board, including stowing and trimming the cargo in the holds. Buyer determines the final loaded quantity within the contract quantity tolerance. Buyers specify delivery period.
How do Buyers Finance & Pay for Wheat?
Traditionally, payment is made in U.S. dollars and a Letter of Credit (LC) is the most common form of payment. Under a Letter of Credit, the buyer’s bank first establishes a letter of credit in favor of the seller.
When the grain is shipped, and documentation is presented, the seller’s bank makes payment to the seller, then the buyer’s bank makes payment to the seller’s bank. A letter of credit greatly reduces commercial risk for the seller but involves higher bank service charges.
Variations on the letter of credit include specifying a time for payment or deferred payment. Buyers and sellers with a long-standing relationship can save transaction costs by trading on an open account where the buyer pays the seller directly upon delivery of the grain.
In addition to price risk, a buyer that is purchasing on commercial extended credit may wish to consider covering the foreign exchange risk that can occur with an international transaction.
If buyers are unable to obtain commercial credit for their importing needs, they may be able to obtain financing assistance from various U.S. government programs.
In many countries, USDA Export Credit Guarantee Programs can help make commercial financing available for imports of U.S. food and agricultural products on deferred payment terms.
The GSM-102 program guarantees payment from approved foreign banks, normally to U.S. financial institutions that extend credit to them to finance imports of U.S. agricultural commodities
USDA provides answers to commonly asked questions about how to participate in the GSM-102 Export Credit Guarantee Program.