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| Frequently Asked Question 2026s | |
This FAQ site page is for USCT members and will contain mostly understood by suppliers, endures and USCT members. Site should be listed at least twice a month and matter to do with the FTNX doctrine of trade and any updates will also be included here. | |
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DOCTRINE OF TRADE UPDATE
FTNX UPDATE BUSINESS NEWS Aug 2027 FTNX CRUDE: SEPT 2026 DOCTRINE OF TRADE UPDATE Posted: 8 May 2026 • The term ‘ships rails’ as specified under ICC incoterms is not longer used in industry. However all PCT’s must still serve reference to the ‘ships rails’ in an NBC FOB deal. The full term is ‘Delivery of goods over the ships rails as ordered” ensures we are specific to what is being sought. It also clearly differentiates the difference between FAS and FOB deliveries. • Simply stating ‘on board’ as ordered is not good enough. On board a barge is not a ship. • The term “As ordered” is a FTNX created doctrine term that industry now uses. “As ordered in good condition” is not worth applying as the term “as ordered” refers to what the PCT has ordered. In this light it is important that the PSI is conducted not ‘on board’ but before loading in that–if the goods are ‘not as ordered’ legally rejecting the goods at the expense of thee supplier, protects the PCT intently from any liabilities. All those small aspects is what many ill informed traders bypass, without understanding that by taking such ‘small shortcuts’ it could lead to huge financial loses. • The term “Act of God” is another aspect that the doctrine has omitted that others have now followed. Every situation has a cause. • The current edition Incoterms is 2020 and current UCP Rules is defined as UCP 600 hence the terms are applied to ITSI without changing the underlying basis and doctrine. ITSI is in its 16th year of release, as a first run publication. • CIF incoterms and freight aspect. Some are still confused about the freight prepaid status of the end buyer. Please download 10 page full explanation via library which includes matter about a PCT chartering their own ship. “Carriage” is not “freight.” The supplier pays the shipowner for “carriage” which in part may be converted to mean a percentage of “freight.” Under CIF Incoterms supplier orders the ship and pays for “carriage” is what’s confusing the whole aspect. A download when it appears in library will show application via a running example.The end buyer “pays for freight” due to a “credit” served by the PCT is very specific. Some USCT member have contacted shipping agents who didn’t know what the PCT was talking about. A PCT protects goods and also has no interest in what the job of a shipping agent is. • A shipowner or ships agent/ broker is not interested who Incoterms says. They want payment for “carriage” upfront. ICC Incoterms is to do with goods, shipowners have their own rules. Those who want to study such rules should source “Shell-time 4” or “ASBATANKOY” charter party agreement. Both can be found online. This is not the nature of business for a PCT. A ships broker or agent generally earn 1.25% commission as paid by the supplier (CIF) or end buyer ( FOB) ordering the ship. A PCT is a commodity trader as such have much more complex matters to deal with and serve reason why proper gross profit margins are important. • A PCT is “protecting the goods” and ensuring safe payment application apply. • A PCT first deal in FOB to obtain experience, then moves to CFR and later single shipment at CIF, these steps lead to the understanding of CIF revolving deals; which again is slightly different to CIF single shipments. • While ITSI explains the underlying process and procedure that intermediaries must learn to trade as a PCT, even our 1000 page beta doctrine could add another 400 pages to cover all aspects intently.The lesson was to always start with FOB deals and move forward from this aspect to learn the trading basis intently via experience. Taking up a 4 year full academic level study was not an option for many traders taking up the study; a lot has been advised in the FTNX doctrine in a manner to enable an applicant to commence trading quickly measured in months not years. Back to Top FTNX UPDATE BUSINESS NEWS Aug 2027 FTNX Update Aug 2027 28 August 2027 (1) FTNX has been flat out conducting only very large revolving transaction (Aluminium and other metals) ; it seems there is plenty of business if products have been secure prior. While we have been confronted with may ill informed traders, vetting serious contenders has been time consuming; as filtering real buyers takes effort. There is a belief out there that if Trump can do what ever he wants, USA traders can do the same. It does not work that way-either strong rules and discipline are apparent in a trade; or no trading is possible. Suppliers are now very wary of stupid unsafe procedures. You cannot conduct business using idiotic stupid procedures. It seems Trump has spurred a new lot of idiotic donkey traders. First of all, suppliers, are now very apprehensive to make an offer and secondly when you the PCT present yourself to a bank to service a DLC , if the paper work is not perfect - delays will occur and fees are added. Also note, any hint of trading in sanctioned goods will be instantly dismissed by a leading bank. FTNX personally knows this to be true as a deal failed last year when clarity of matter of origin was not forthcoming. (2) FTNX has continued to track commodity prices; but has decided not to establish a new trading website in 2026 as the the market place ‘is all over the place.’ Markets are being manipulated based of the whims a a useless USA president, who is only interested to feather ‘his own very large pockets.’ FTNX may simply return to placing a private page and index on the FTNX site to allow PCT to follow our lead in 2026 and look at a possible new USCT exchange website in 2027. (3) The Zehed-bike investment project is moving quickly now–since we have finally arrived at the testing stage. It would have been easier to make a self charging car than a covered ‘bike.’ In general; 80% Equity share will be offered to potential shareholder in late 2027 to raise 40 million dollars in launching this new transport device. FTNX will offer the working beta prototype, the factory and initiate its production, before stepping back. It’s been slow because of personal disabilities, but over time the closing of the project is finally getting near. More formal details to follow in 2027. (4) FTNX is trading alone in 2026 as it allows me to trade and conduct ZBike proceeding on ‘available’ timescale - while we thank USCT members sending us emails, all support offered in 2025 to new USCT members have expired in May 2026. In 2027 FTNX members taking up our offer to become our agent , will also have first right to import the ZBIKE on consignment. Our business model indicates sales after 16 months of operation to exceed $300,0000,000.00 by the third year. Healthy profits will eventuate, should the launch take place. A publication for entrepreneurs will follow shortly after. The test as applied to trading applies to the ZB ; to prove how an entrepreneur with a good idea is able to create and fund such an idea with the minimum of capital on the "product comes first rule" adding further to the doctrine of trade. FTNX always proves its basis first, an aspect that tax payer funded data centres and AI cannot compete with as their main purpose is to serve media, banks , and streaming services, betting agencies, while pretending that such centres are needed – for the 'benefit of all people.' FTNX has tested AI with matters of trading and found informative but useless as experience is lacking in the advice being served. As stated, final details are being worked out on this matter as well. The time scale to date is that the ZB must be ready for production May 2028. More advice will be released later this year as the new ZB website is formally up and running. As the ZB is further developed , our agents will eventually take over the FTNX educational trading aspect. FTN exporting will be delivering all ZB. A vehicles made for one with all the comforts of a car ideal for many daily short trips that never needs recharging is a big call- but testing to date proves its a fact. The ZB will lead the creation of other products as well in line with the FTNX created ZEHED ethos. Back to Top FTNX CRUDE: SEPT 2026 FTNX Crude oIl deals 1 Sept 2026 Reminder: We have been inundated with fuel offers from the Southern hemisphere since July 2026 onwards. These ‘ill informed’ intermediaries sending us offers, are often attached to the supplier and disclose who they represent.They offer product based on the supplier’s terms of sale. The main issue with these ‘traders’ has all been said many times. In essence, a supplier may ask for any procedures they like and demand any form of payment they think is appropriate. A supplier can do this, especially one who has been conducting business the same way with other well known corporations over decades. These intermediaries take the procedures of the supplier and offer the same procedures to buyers as well– not understanding that the localised set of procedures used by a supplier cannot be plied by intermediaries–they cannot use the same procedures unless ‘ they act in there disclosed position’ and contact other corporations who may want to buy such fuel as ‘end users’ and not just end buyers.These intermediaries make the introduction and hopefully collect a few cents per barrel should their efforts close upon a deal; as per the suppliers procedures they represent.These intermediaries do as much because they have no idea how to conduct business on the “undisclosed “ basis. They should not be offering fuel to other intermediaries but directly to end users. Other intermediaries along the way hook up with these kind of traders, long strings are formed in where the disclosed suppliers goods are promoted all over the world where everyone is eventually circumvented when a real end buyer and end user is finally evident. A PCT is a highly informed trader; they remain fixed in an acting on the undisclosed aspect and deal in large revolving transactions. We don’t deal with intermediaries making brave disclosed offers knowing that the supplier does not speak English and cannot be easily found. A PCT buys goods in documentary form, from suppliers in possession of goods . Whether such supplier want to accept our procedure or not, this does not bely fact of the matter– that our procedures are the safest strictest set of trading procedures that satisfies all sides of the deal. A PCT must move on when a supplier reverts to making an offer based on unsafe or improper practice–is the correct aspect. A PCT is a ‘buyer’ not an ‘end user ‘ or ‘end buyer.’ A supplier has large volume of future supply of a wanted product and is looking to expand on sales . The PCT handles this kind of deal in the first instance is the expectation. FTNX does not consider such deals. Back to Top |
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