Transaction Process

Transaction Process

Ascending Energy follows a structured, transparent transaction process designed to protect all parties and ensure successful deal closure. Below is our standard procedure for energy commodity transactions.

Standard Transaction Steps

  1. Buyer Submits LOI or ICPO — The buyer submits a Letter of Intent or Irrevocable Corporate Purchase Order on official letterhead.
  2. Seller Issues SCO or FCO — Upon review, the seller issues a Soft or Full Corporate Offer with product specifications and pricing.
  3. Buyer Returns Signed FCO — The buyer countersigns the FCO to confirm acceptance of terms.
  4. Proof of Product & Proof of Funds Exchange — Both parties exchange verified POP and POF simultaneously.
  5. Contract Signing — A formal Sale and Purchase Agreement (SPA) is executed by both principals.
  6. Banking Instruments — Payment instruments (LC, SBLC, MT103, etc.) are issued and confirmed.
  7. SGS Inspection & Delivery — Independent inspection is conducted at the loading port, followed by product delivery.
  8. Payment & Commission Release — Payment is released upon delivery confirmation and SGS sign-off.

Contact Ascending Energy to begin your transaction.