Cocoa Beans Purchase Agreement — Generic Template
This page shows the structure of a typical Skyocean cocoa export trade. It is intentionally generic — specific corridor data, financing breakdowns, party identifiers, and operational records are maintained internally and not published here. Investors, partners, and counterparties working directly with Skyocean receive specific samples through the appropriate channels.
Commodity: Premium Ghana Cocoa Beans, Grade I (Cocoa Board Standard) Packaging: 65 kg jute bags; 25 MT per 40-ft HC container Typical scale: 100–500 MT per shipment (4–20 containers) Origin: Ghana Destination: EU (typically Rotterdam) and other approved EU/UK importing markets
This is a two-leg trade:
- Origin leg: cocoa cooperative → Skyocean Ghana (EXW Kumasi → Tema export facility)
- Export leg: Skyocean Ghana → Skyocean Lithuania (EU consignee) → EU buyer (CFR EU port)
Parties (template)
| Role | Description |
|---|---|
| Origin-leg Buyer | Skyocean Ghana Ltd. — receives from a registered Ghanaian cocoa cooperative under EXW Kumasi terms |
| Origin-leg Seller | Registered cocoa farmers’ cooperative or recognized Cocoa Board association |
| Shipper (export leg) | Skyocean Ghana Ltd. |
| Consignee (export leg) | Skyocean Lithuania (EU representative entity) |
| EU Buyer | KYC-verified European cocoa processor or trader |
1. Quality Specifications
| Parameter | Specification |
|---|---|
| Moisture | ≤ 7.5 % |
| Mouldy Beans | ≤ 3 % |
| Slaty Beans | ≤ 3 % |
| Insect-damaged | ≤ 1 % |
| Free Fat Content | ≥ 54 % |
| Certification | Ghana Cocoa Board (QCC) Export Licence |
Compliance with EU import standards is required at the EU destination.
2. Incoterm & Route
- Incoterm (origin leg, Seller → Skyocean Ghana): EXW (Ex-Works) – Seller’s Warehouse, Kumasi
- Delivery Location: Skyocean Export Facility, Tema, Ghana
- Onward Export (handled by Skyocean): Tema → EU port (typically Rotterdam). CFR terms apply on the export leg, with goods consigned to Skyocean Lithuania (EU representative entity) until the EU buyer settles in full.
3. Quantity & Delivery (origin leg)
Quantity set per individual contract. Seller transports goods to Skyocean’s export facility in Tema within fifteen to twenty (15–20) calendar days of receiving the 30 % advance payment (see § 4). Delay triggers default remedies.
4. Payment & Risk-Mitigation (origin leg)
- 30 % Advance Payment — paid by bank transfer or mobile money within two (2) business days of contract signing.
- 70 % Balance Payment — paid within twenty-four (24) hours after the cocoa is delivered, weighed, and passed visual / odor inspection at the Skyocean export facility in Tema.
Practical Risk-Mitigation
- Co-operative Membership – Seller must belong to a registered cocoa farmers cooperative or other recognised association approved by the Ghana Cocoa Board.
- Basic KYC – Submission of business registration, Tax Identification Number (TIN), and representative national ID prior to first shipment.
- Track-Record Incentives – After every successful delivery, Seller’s internal score improves, unlocking higher advance percentages and shorter payment windows.
5. Title & Risk Transfer
- Origin leg (Seller → Skyocean Ghana): Risk transfers to Skyocean Ghana when beans are received and signed-for at the Skyocean export facility. Title transfers upon confirmation of the 70% balance payment in Seller’s account.
- Export leg (Skyocean Ghana → Skyocean Lithuania → EU buyer): Title remains with Skyocean throughout the export route until the EU buyer settles in full; this self-consignment structure is the operational basis for the export-leg payment terms offered to the EU buyer.
6. Default & Penalties
- Seller Default — failure to deliver the contracted quantity / quality by the agreed date → Buyer may cancel; Seller returns the 30% advance and pays a 2% late-delivery fee.
- Quality Failure — if goods fail Ghana Cocoa Board, SGS, or EU import inspection standards, Seller must replace or refund within five (5) days.
- Buyer Default (origin leg) — if Skyocean Ghana fails to pay the 70% balance within 24 hours of acceptance, Seller may reclaim the beans or charge statutory interest (Bank of Ghana prime rate + 2%).
7. Shipping Documents
A typical Skyocean cocoa export carries:
- Commercial Invoice
- Clean On-Board Bill of Lading (origin leg consigned to Skyocean Ghana; export leg consigned to Skyocean Lithuania)
- SGS Weight & Quality Certificate
- Cocoa Board Export Licence copy
- Phytosanitary Certificate
- Certificate of Origin (Ghana)
- EU import compliance documentation (REACH, food-safety attestations)
- Insurance Certificate (110% of CFR value)
Each document is hash-anchored on-chain and linked to the trade’s Knowledge Asset on the OriginTrail DKG.
8. Smart Contract & Knowledge Graph References (high-level)
Every Skyocean trade is recorded as a skyocean:CommodityTrade Knowledge Asset on OriginTrail DKG V10, with a public-string layer (commodity, corridor, status, timeline) and a private-string layer (counterparty PII, exact pricing, banking details). The associated Polygon smart contract enforces the CFR / CAD release condition: payment is released against the converged document set, not on operator instruction.
For the technical structure of these Knowledge Assets, see Selective Data Disclosure and the SKYOCEAN Ontology.
9. Governing Law & Arbitration
- Origin leg: Republic of Ghana; Ghana Arbitration Centre (GAC), Accra for disputes
- Export leg: Republic of Lithuania (Skyocean HQ); ICC arbitration, seat in Vilnius
10. Non-Circumvention & Confidentiality
ICC NCND clause valid for five (5) years from signing.
This is a generic template. Specific trade samples — including realistic operational data, financier identifiers, and full Knowledge Asset representations — are maintained internally and shared with counterparties through the appropriate channels.