Purchase Guidelines

At Parth Consumer Products, we prioritize secure, transparent, and efficient transactions to foster long-term partnerships. Established in 2010 and headquartered in Meerut, Uttar Pradesh, India, we are a leading exporter, supplier, and manufacturer of premium agricultural and FMCG products, including high-quality rice, spices, food grains, fresh vegetables, oils, sugars, pulses, and more. Our commitment to sustainable sourcing, rigorous quality standards, and ethical practices has enabled us to serve over 50 countries worldwide, delivering farm-fresh excellence to global markets.

To protect our business integrity and based on lessons from previous unfortunate incidents, we maintain strict protocols. We do not permit on-site inspections of our processing plants, storage facilities, or production units until an initial deposit is received. Additionally, we avoid distributing images or footage of our operations, as such disclosures have previously led to significant risks and unauthorized misuse.

We uphold the highest levels of client privacy by not releasing bills of lading, quality certifications, or other records from prior deals, ensuring compliance with all confidentiality obligations.

Important Advisory:
In line with resolutions from our Annual General Meeting on August 1, 2024, these guidelines were implemented to enhance operational security. For valued partners who demonstrate consistent collaboration and earn the trust of our leadership team, we may consider flexible payment options like Standby Letters of Credit (SBLC) for future engagements, provided they have successfully fulfilled at least one prior agreement with us.

Transaction Process

To ensure a smooth and mutually beneficial collaboration, please follow these streamlined steps:

a. The prospective buyer submits a formal Letter of Intent (LOI) on company letterhead.

b. We respond with a Soft Corporate Offer (SCO/FCO).

c. The buyer provides an Irrevocable Corporate Purchase Order (ICPO), accompanied by proof of funds (POF). Acceptable forms include:

Ready Willing and Able (RWA) confirmation.
Bank Comfort Letter (BCL) endorsed by two authorized bank representatives.
A funds attestation note, allowing our banking team to confirm availability directly with the buyer's financial institution.

d. Upon review, we prepare and dispatch the Sales Agreement along with the formal billing statement.

e. The buyer examines, endorses, and returns the Sales Agreement and billing statement within two (2) working days.

f. We countersign the Sales Agreement and forward a digitized copy to the buyer via secure email.

g. The buyer remits the agreed-upon initial deposit as outlined in the Sales Agreement.

h. For the remaining value, the buyer arranges a Standby Letter of Credit (SBLC) or Letter of Credit (LC) in our favor, issued through our designated financial partner. The instrument must be transmitted via MT760 to the specified bank within five (5) business days post-agreement execution.

The buyer's banking representative is required to send a preliminary notification email to our banking contact (details provided in the agreement) the day after signing, indicating preparation of the SBLC/LC and MT760.

Within the subsequent five (5) days, the full SBLC/LC and MT760 must be delivered via official banking channels.

The SBLC should cover the entire value of one month's consignment, with a validity period of twelve (12) months plus one (1) day. We provide standard wording for the instrument to ensure alignment.

This credit must be confirmed, active, apportionable, and non-assignable.

Our pricing structure is optimized exclusively for this payment mechanism, and the issuing bank must rank among the world's top 25 financial institutions.

i. Within approximately ten (10) business days, once cargo is loaded and vessels are en route, the buyer will receive comprehensive shipment documentation.

j. Following verification of goods and paperwork by the buyer or their delegate at the loading terminal, the buyer settles the outstanding amount in full via MT103 wire transfer to our nominated account on the inspection day.

k. We then convey ownership rights to the buyer.

l. The buyer coordinates collection of the consignment from the port within 20-30 days.