Buyer: Dominican Republic Buyer
Supplier: Chinese supplier
Platform: Routres Platform
Transaction Timeframe: ~2 days to confirm the deal and sign the contract by both parties
Order Type: Steel Purchase (Cold Rolled – CRC/CRS)
Quantity: 545 MT ±15%
Quality/Grade: CS Type B – ASTM A1008 / A568
Destination: CFR FO Rio Haina Port, Dominican Republic
Overview of the Deal
Dominican Republic Buyer required a bulk supply of Cold Rolled Steel with strict quality and delivery requirements under technical protocol. Instead of relying on traditional trading processes, they used Routres Platform to find a reliable supplier who can ship materials on time, provide credit and pay advances to the mill and close the deal faster.
Step-by-step process on the platform
- Buyer Created and submitted RFQ (Jan 23, 2025)
Dominican Republic Buyer created and submitted their steel requirements, including quantity, grade, and delivery location, on the platform. - Supplier Matching
The system instantly matched the requirement with verified suppliers. Chinese supplier responded with offer. - Multiple Supplier Offers Received: Seven verified suppliers responded to the request with their offers. The platform displayed all offers in a clear and comparable format, showing pricing and delivery timelines.
- Confirmation & Shipment
The order was finalized within 2 days including signature of the contract from both parties. Vessel MV EURO BAND was nominated, with an aimed BL date of April 30, 2025.
Time Taken to Complete the Transaction
- RFQ created and Quotes from suppliers provided within 12 hours
- RFQ Confirmed within 24 hours
- Contract Finalization signed by both parties : 48 hours
Benefits of Using the Platform
- Faster decision making: Traditional trading may take 1–2 weeks. The platform enabled Dominican Republic Buyer to lock the deal in 2 days.
- Trusted Connection: Chinese supplier was verified and reliable.
- Built in Communication: Seamless quote review, negotiation, and confirmation in one place.
- Secure Documentation: No offline paperwork. Everything—from invoice to BL—was exchanged securely.
- Payment Protection: Payments are secured. If an order is cancelled or not fulfilled, the buyer is eligible for a refund, ensuring risk-free trading.
- Freedom to trade anytime: Access the platform 24/7—place or respond to orders whenever it suits you.
- Save time- Avoid repetition – Resend the same RFQs in just a few clicks.
- Go-to hub for an expanding network of buyers and sellers.
- Customer support: In case of issues, the platform offers dedicated customer support to resolve disputes or guide users.
