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How Tradologie Works

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Post Your Enquiry

A Buyer Interested in purchasing material logs on to setup his enquiry where he specifies

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Commodity Required

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Quantity Required

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Delivery Period

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Payment Method

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Custom Specifications

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Inspection Agency

Upon Specifying Specs, The Buyer chooses Supplier of his choice and deposits Performance Guarantee as per Trade Policy.

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SELLER NEGOTIATION

Once the Sellers selected by the buyer receive the enquiry which contains all relevant information, they give their consent to participate in negotiation, deposit performance guarantee* & are intimated the 30 minute window to quote their rate for the buyer. During Realtime Online Negotiations the sellers are able to see

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Payment Method

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Custom Specifications

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Inspection Agency

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COUNTER OFFER

Buyer has option to present any of the participating sellers with a Counter Offer within 15 Minutes of the End of the Negotiation. The Offer shall be a Firm offer which, if accepted, shall convert into an order automatically. Seller shall have 15 minutes to reply to the counter offer presented by the buyer.

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BUYER PAY-IN

Buyer completes Payment Obligation as per method chosen by him at the Time of Floating Enquiry within Stipulated Time Frame. Payment Obligation shall be done before dispatch of goods in all instances.

Currently the Payment Obligations can be completed by 2 Methods

  • Opening a LC in favor of the Supplier
  • Making Payment Through ESCROW Account maintained by Kotak Mahindra Bank
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INSPECTION OF GOODS

Seller Facilitates Inspection of Goods by Buyer appointed Inspection Agency at site.

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DELIVERY OF GOODS

Goods Dispatched to buyer address before last date of dispatch.

Delivery related document uploaded for buyer verification. Proof of delivery uploaded to verify receipt.

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PAYMENT SUCCESSFUL

Upon successful delivery, the supplier is able to get his payment by approaching his bank holding the LC or through ESCROW to complete the transaction.

For ESCROW

Payment Transferred from ESCROW to Seller Bank Account within 3 Banking Days from the date of Receipt or Reporting of Bill of Lading.

For LC

Delivery Receipt Can be used to get LC Discounted.

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