HOY PLUS TRADING > BUSINESS MODEL

Farming, Processing & Trade Terms

From the Ground Up

Ethical Harvesting & Farming

We approach sourcing from the roots, partnering directly with the rural communities that manage the highland tapping stands.

Selecting harvesting clusters that share our core values and conviction in sustainable sourcing is our priority. We target wild forest zones in Northern Amhara, Tigray, Beneshangul-Gumuz, and the Ogaden region, which are known for naturally rich soil, clean mountain water resources, and an uncontaminated environment.

By working directly with family-owned smallholder cooperatives, we ensure that our tapping operations adhere strictly to Good Agricultural Practices (GAP). This involves using hygienic tapping tools, scheduling bark-striking rotations, and allowing trees to rest during key growing seasons. This direct-to-farm model provides complete supply line transparency and guarantees a consistent product flow.

Harvesting Framework

  • Highland Sourcing: Resins are harvested from dry elevations between 1,200m and 2,200m, ensuring superior aromatic oil concentration.
  • Striping Cycles: Strikers perform bark incisions carefully to trigger natural resin bleeding without threatening tree health.
  • Ethical Compensation: Direct crop purchases ensure that forest-dwelling communities receive fair, livable revenues.

Cleanliness Standard

"Grade 1A, 1B, 2, and 3 are guaranteed 100% bark-free and dirt-free, establishing Bazen Olibanum as a premium choice for global manufacturers."

Strict Sorting Procedures

Factory Processing & Sifting

We operate an structured processing and cleaning model. Sourced resins are transported to our regional hubs to undergo strict classification and cleaning stages.

Our processing operations specialize in:

  • Manual Sifting & Grading: Trained sorters separate raw materials by size (tears greater than 10mm down to dust siftings under 2.5mm) and color matching.
  • Bark & Debris Removal: Repeated manual grading rounds separate resin nodules stuck to tree bark (destined for Industrial Grade 4) from pure resin tears.
  • Hygienic Packing: Graded resins are packed immediately into clean, durable 50 kg Polypropylene (PP) bags to prevent contaminants or volatile oil moisture loss.

This meticulous cleaning model ensures that Bazen exports represent the highest quality standards, giving buyers complete security.

Customs Verification Compliance

Quality Management & Documentation

We manage the complex export compliance cycle, providing immediate, verified documentation for smooth customs entry.

To verify weight, purity, and compliance, every container load is inspected at loading. Bazen coordinates the preparation and verification of all standard global shipping documents:

  • Commercial Invoice: Detailing weights, values, and client details.
  • Packing List: Itemizing bag allocations and net container weights.
  • Bill of Lading (B/L): Multi-modal or marine title documentation.
  • Certificate of Origin: Authenticating 100% harvest in Ethiopia.
  • Phytosanitary Certificate: Confirming quarantine safety by the Ministry of Agriculture.
  • Independent Quality & Weight Certificate: Verified at loading by independent inspectors (e.g. SGS, Bureau Veritas).

Our Export Policy

MOQ 1 x 20ft Container (FCL)
Capacity Up to 18 Metric Tons (MT)
Port of Loading Port of Djibouti (DJJIB)
Lead Time 15 to 25 Days (Contract to Vessel)
Secure Financial Settlements

Payment Terms & Incoterms

We provide multiple flexible, compliant payment channels and support standard international trade terms (Incoterms) for cargo handoff.

Accepted Payment Methods

  • TT 100% Advance Full value paid upfront via Telegraphic Transfer for prioritized scheduling.
  • TT 50% Advance, Balance 50% TT on B/L Copy 50% deposit paid upfront, remaining 50% paid immediately upon sharing copy of ocean Bill of Lading.
  • TT 30% Advance, Balance 70% Irrevocable Sight LC 30% deposit paid upfront, remaining 70% balance secured through an Irrevocable Letter of Credit payable at sight.
  • 100% Irrevocable Sight LC Full value secured via bank-guaranteed Sight Letter of Credit, released upon presenting loading documents.

Supported Incoterms

  • FOB (Free On Board) Cargo handoff completed at the Port of Djibouti. Ocean freight booking managed by the buyer.
  • EXW (Ex Works) Cargo collected directly from our Bahir Dar or Addis Ababa warehouses. Inland transport and export customs cleared by buyer.
  • CFR (Cost & Freight) We manage and prepay freight transport to the buyer's nominated target seaport.
  • CIF (Cost, Insurance & Freight) We prepay ocean freight and secure marine insurance coverage for 110% of cargo value to the target port.