STEP 1

 

 

  • Client inquiry received via Mashariki Rides
 

 

 

STEP 2

 

 

 

 

IDENTIFYING A SUITABLE VEHICLE FOR THE CUSTOMER

  • Mashariki Rides send vehicle options to client to choose from
  • Once the client has decided on what vehicle they want to buy, Mashariki send Pro Forma to client to allow them to apply for asset finance with the finance partners. Pro Forma terms are Delivered Duty Paid to customer.
 

STEP 3

 

 

  • Finance partner approve Asset Finance loan with client based on the Pro Forma Invoice value
 

STEP 4

 

 

  • Customer pays the approved deposit of Pro Forma value as deposit to Mashariki Rides to secure the vehicle
 

 

 

STEP 5

 

SECURING IMPORT FOR THE CUSTOMER

  • Mashariki facilitates opening of the Letter of Credit (LC) in favor of the Japanese exporter
 

 

STEP 6

 

 

COLLECTION and PRE SHIPMENT PREPARATION FOR A JAPANESE IMPORT

  • Japanese vehicle supplier arrange for the collection of the vehicle from the auction
  •  Vehicle is inspected by KEBS approved agency
 

 

 

 

 

STEP 8

 

SHIPPING A JAPANESE IMPORT

  • Vehicle is booked on next available vessel to Mombasa from Japan Port – either Ro Ro or containerised as per customer’s preference
  • Draft Bill of Landing is supplied by Shipping Line for Mashariki Rides /Client to check and ensure details are correct
  • Consignee is in the name of the client/Masahariki Rides
  • Clearing instructions are issued by Mashariki Rides to appointed CFS in Mombasa prior to the arrival of shipment in order to ensure the Form A is signed, IDF applied for and original documents received by the CFS – All handled by Mashariki Rides
 

 

 

STEP 9

 

CLEARING A JAPANESE IMPORT

  • Vehicle is cleared from the port, duties paid by Mashariki Rides/the Client directly to Kenya Revenue Authorities (KRA), vehicle registered in the name of Mashariki Rides/ the Client, Comprehensive insurance and vehicle valued and released from CFS
 

 

 

STEP 10

 

PREPARING FOR THE HANDOVER OF THE VEHICLE TO THE CLIENT

  • Mashariki Rides provides the original logbook complete with the transfer documents to Finance partner for joint transfer between the financier and the borrower
  • The Finance Partner apply for joint registration with the KRA and proceeds to book the loan.
 

STEP 11

 

  • Vehicle is handed over by Mashariki Rides to the client who execute the delivery confirmation.