Payment Policy
Last updated: April 2026
1. Overview
SulfurExport facilitates commodity trade transactions between qualified buyers and verified suppliers. This Payment Policy outlines the accepted payment instruments, procedures, and terms applicable to transactions facilitated through our intermediary services. All payment arrangements are subject to mutual agreement between the transacting parties and are formalized in individual contracts.
2. Accepted Payment Instruments
SulfurExport facilitates transactions using the following internationally recognized payment instruments:
Standby Letter of Credit (SBLC) — MT760
A Standby Letter of Credit issued via SWIFT MT760 serves as a guarantee of payment. The SBLC is issued by the buyer’s bank in favor of the seller, ensuring payment will be made if the buyer fails to fulfill their contractual obligations. This instrument provides maximum security for both parties and is the preferred method for large-volume transactions.
Documentary Letter of Credit (DLC) — MT700
A Documentary Letter of Credit issued via SWIFT MT700 is a commitment by the buyer’s bank to pay the seller upon presentation of specified documents confirming shipment and compliance with the credit terms. This instrument ensures that payment is conditional on the seller meeting all documentary requirements, providing protection for both buyer and seller.
3. Payment Process
The typical payment process for transactions facilitated by SulfurExport follows these stages:
Contract Execution
Both parties agree on terms including price, quantity, delivery schedule, and payment instrument. A formal contract or purchase agreement is executed.
Payment Instrument Issuance
The buyer arranges for the issuance of the agreed payment instrument (SBLC MT760 or DLC MT700) through their bank via SWIFT.
Verification
SulfurExport and the seller's bank verify the authenticity and terms of the payment instrument before proceeding with shipment arrangements.
Shipment & Documentation
Upon verification, the seller arranges shipment. All required documents (Bill of Lading, Certificate of Origin, Quality Certificate, etc.) are prepared and presented.
Payment Release
Upon presentation of compliant documents and confirmation of delivery terms, payment is released through the banking channel as specified in the payment instrument.
4. Banking Requirements
All payment instruments must be issued through internationally recognized banks with SWIFT connectivity. The following requirements apply:
- Issuing bank must be a top-tier or internationally rated financial institution
- All communications must be conducted through authenticated SWIFT channels
- Payment instruments must comply with ICC Uniform Customs and Practice for Documentary Credits (UCP 600)
- All parties must comply with applicable anti-money laundering (AML) and know-your-customer (KYC) regulations
5. Currency
Transactions are typically denominated in United States Dollars (USD). Alternative currency arrangements may be considered on a case-by-case basis, subject to mutual agreement and applicable foreign exchange regulations.
6. Minimum Order Value
Due to the nature of commodity trade and associated banking and logistics costs, SulfurExport generally facilitates transactions with a minimum order quantity of 1,000 metric tons (MT). Specific minimum requirements may vary by product type and delivery terms.
7. Dispute Resolution
In the event of a payment dispute, the parties agree to first attempt resolution through direct negotiation. If a resolution cannot be reached, disputes shall be referred to arbitration in accordance with the rules of the International Chamber of Commerce (ICC), with the seat of arbitration in Istanbul, Türkiye, unless otherwise specified in the individual contract.
8. Amendments
SulfurExport reserves the right to update this Payment Policy at any time. Changes will be posted on this page with an updated effective date. Individual transaction terms are governed by the specific contract executed between the parties.
9. Contact
For questions regarding payment terms, instruments, or procedures, please contact our Trade Finance team:
SulfurExport
Email: info@sulfurexport.com
Phone: +90 554 187 50 75
Istanbul, Türkiye