From contractto payment,on paper.

A cargo is traded through six documents, issued in this order. Counterparty and sanctions checks come first, before anything is signed. Documents and credits go to operations@granore.co.

01 · Contract

The contract

Price, quality, quantity and Incoterm are fixed on a standard GAFTA form: No. 48 for CIF shipments, No. 49 for FOB, No. 78UA by rail or road. Counterparty and sanctions checks are done before we sign.

02 · Letter of credit

The letter of credit

The buyer’s bank opens an irrevocable documentary credit, sent as a SWIFT MT700 under UCP 600. It lists every document we must present to be paid, and by when.

03 · Inspection

Sampling and analysis

An independent surveyor samples the cargo as it loads, under the GAFTA sampling rules, and analyses it. The certificates of quality and weight go into the document set.

04 · Phytosanitary and origin

Phytosanitary and origin

The plant protection authority of the loading country inspects the grain and issues the phytosanitary certificate. The chamber of commerce issues the certificate of origin, with an EUR.1 where it applies.

05 · Bill of lading

The bill of lading

Once the grain is on board, the master signs the bill of lading. It is the title to the cargo: whoever holds the original takes delivery. By road, the CMR plays that part.

06 · Presentation and payment

Presentation and payment

We present the full set to the bank within the period of the credit. The documents are checked against the credit, the bank pays, and the buyer receives the bill of lading to collect the cargo.

GAFTAThe Grain and Feed Trade Association

Contract No. 48Effective 1st July 2026

Contract for the shipment of goods from Central and Eastern Europe in bulk parcels or cargoes · tale quale · CIF terms

Date........................

1 · SellersGranore Commodities, Geneva

5 · BuyersFlour mill, Bandırma

have this day entered into a contract on the following terms and conditions.

1. GoodsMilling wheat, crop 2026

2. Quantity5,000 t, 10 % more or less

3. Price and destinationUSD ...... per tonne CIF Bandırma

5. QualityProtein 12.5 % min., moisture 14 % max.

SellersBuyers

The contractPrice, quality, quantity and Incoterm are fixed on a standard GAFTA form: No. 48 for CIF shipments, No. 49 for FOB, No. 78UA by rail or road. Counterparty and sanctions checks are done before we sign.

SWIFTMessage type 700 · Issue of a documentary credit

{1:F01XXXXTRISAXXX0000000000}
{2:I700XXXXCHGGXXXXN}
:27:  Sequence of total     1/1
:40A: Form of credit        IRREVOCABLE
:20:  Credit number         ..........
:40E: Applicable rules      UCP LATEST VERSION
:31D: Expiry                ...... GENEVA
:50:  Applicant             THE BUYER, BANDIRMA
:59:  Beneficiary           GRANORE COMMODITIES
:32B: Amount                USD ..........
:41D: Available with        ANY BANK BY NEGOTIATION
:44E: Port of loading       CONSTANTA
:44F: Port of discharge     BANDIRMA
:45A: Goods                 5,000 MT MILLING WHEAT
:46A: Documents required    +COMMERCIAL INVOICE
                            +FULL SET CLEAN ON BOARD B/L
                            +PHYTOSANITARY CERTIFICATE
                            +CERTIFICATE OF ORIGIN
                            +QUALITY AND WEIGHT CERT.
:48:  Presentation          21 DAYS AFTER B/L DATE

The letter of creditThe buyer’s bank opens an irrevocable documentary credit, sent as a SWIFT MT700 under UCP 600. It lists every document we must present to be paid, and by when.

SurveyorIndependent inspection · Constanța

Certificate of qualityNo. ............

VesselM/V ..........

Bill of lading date..........

CommodityMilling wheat in bulk

QuantityAs per B/L

Analysis	Method	Contract	Result
Moisture	ISO 712	14.0 % max	......
Protein, d.m.	ISO 20483	12.5 % min	......
Test weight	ISO 7971-3	77 kg/hl min	......
Falling number	ISO 3093	250 s min	......

Samples drawn during loading in accordance with GAFTA Sampling Rules No. 124. Sealed sets retained.

For and on behalf of the surveyorPlace and date

Sampling and analysisAn independent surveyor samples the cargo as it loads, under the GAFTA sampling rules, and analyses it. The certificates of quality and weight go into the document set.

Phytosanitary certificateNo. RO / ............

Plant Protection Organization ofRomania

To: Plant Protection Organization(s) ofTürkiye

I. Description of consignment

Name and address of exporterGranore Commodities

Declared name and address of consigneeThe buyer, Bandırma

Number and description of packagesIn bulk

Place of originRomania

Declared means of conveyanceVessel

Declared point of entryBandırma

Name of produce and quantity declaredWheat grain, 5,000 t

Botanical name of plantsTriticum aestivum L.

This is to certify that the plants, plant products or other regulated articles described herein have been inspected and/or tested according to appropriate official procedures and are considered to be free from the quarantine pests specified by the importing contracting party.

Place of issue · DateAuthorized officer

Phytosanitary and originThe plant protection authority of the loading country inspects the grain and issues the phytosanitary certificate. The chamber of commerce issues the certificate of origin, with an EUR.1 where it applies.

ShipperGranore Commodities, Geneva

ConsigneeTo order

Notify addressThe buyer, Bandırma

Bill of lading

To be used with charter parties

B/L No.01

Reference No.GR-26-0412

Code name: CONGENBILL

VesselM/V ..........

Port of loadingConstanța

Port of dischargeBandırma

Gross weight5,000 t

Shipper’s description of goodsMilling wheat in bulk

SHIPPED at the Port of Loading in apparent good order and condition on board the Vessel for carriage to the Port of Discharge. Freight payable as per charter party. Number of original Bs/L: three.

Place and date of issueSigned by the Master

The bill of ladingOnce the grain is on board, the master signs the bill of lading. It is the title to the cargo: whoever holds the original takes delivery. By road, the CMR plays that part.

Geneva, Switzerland

Commercial invoiceNo. GR-INV-26-0412

BuyerThe buyer, Bandırma

ContractGAFTA 48 · CIF Bandırma

Documentary creditNo. ..........

Vessel · B/LM/V ...... · B/L 01

Description	Quantity	USD / t	Amount USD
Milling wheat, crop 2026, in bulk	as per B/L	......	......
Total CIF Bandırma			......

Payment under the documentary credit above. Documents presented: invoice ×3, full set of B/L 3/3, phytosanitary certificate, certificate of origin, certificates of quality and weight.

Presentation and paymentWe present the full set to the bank within the period of the credit. The documents are checked against the credit, the bank pays, and the buyer receives the bill of lading to collect the cargo.