A commodity is an item that is traded (sold/bought) based on market value. Commodities include, as examples, oil and petroleum products, livestock, fertilizers, grains, etc.

ApproachIT has access to sellers and buyers of commodities around the world. However, we only server those sellers and buyers that will only acknowledge and follow our requirements. We have substantial access to both sides (sell/buy). Because of the frequent false representation of middlemen in this market, we will only help our clients who wellecom the following procedures:

1. BUYER: Confirms soft offer and issues an Formal ICPO and BCL with right for soft probe.
 2. BUYER: Make sure ICPO is issued to "Approach Information Technology (ApproachIT)" within 48 hours.
 3. SELLER: Issues FCO, within 48 hours, of which Buyer endorses and returns.
 4. SELLER: Issues draft contract, 48 hours, open for amendments.
 5. SELLER & BUYER: Both confirm draft Contract by endorsing it within 48 hours.
 6. SELLER & BUYER: Subsidize the registry and endorsement of imminent deal documents including soft (POP) within 72 hours.
 7. SELLER & BUYER: Exchanges proof of fund/allocation numbers within 48 hours.
 8. SELLER & BUYER: Lodges legalized contracts in respective banks within 48 hours.
 9. Buyer's Bank: Sends Pre-Advice to Sellers Bank to kick start the bank to bank process within 72 hours.
 10. SELLER: Appoints and signs charter party agreement with the vessel shipping company and finalizes the procurement of the marine Insurance policy, within 72 hours.
 11. Buyer's Bank and seller's Bank: finalize the bank to bank process, within 72 hours.
 12. Buyer's bank: makes payment as per the signed contract, within 72 hours.
 13. SELLER: Delivery commence as scheduled.