DOING  BUSINESS WITH FTNX 2021  

December 5, 2020 to December 5, 2021

International Commerce : Suppliers (Exporters) and End Buyers ( Importers)

FTNX trading application while Sars Cov II Pandemic is apparent. 


SUPPLIERS / END BUYERS WORLD WIDE

A supplier is defined by FTNX as “the entity in possession of export ready goods” who is able to bear the expenses associated with getting goods to port of loading at FOB or FCA incoterms 2010 / 20. The Buyer for goods on offer is FTNX. The supplier provides a private and confidential offer to FTNX. If the offer is not acceptable, negotiations take place to resolve matters in contention. Once the offer is accepted by FTNX  the goods are placed on our file for the 2021 trading year. The supplier will not hear from us until we are ready to make the purchase. All offers must have a minimum validity for 4 months. Validity of 6 months or longer is preferred. By having anticipated stock on hand, FTNX will be  able to service many more enquiries from our long standing clients. Unless stated differently on the offer, a legally binding aspect is apparent once contract is signed with FTNX. 


NOTICE OF CONTRACT DELINQUENCY 

No CIF, CFR or CIP  delivery modes available for contracts signed with Chinese importers. Chinese importers may purchase goods from FTNX at FAS, FOB or FCA incoterms only until further notice. When FTNX orders goods from Chinese suppliers; such suppliers must guarantee quality of goods offered  using non Chinese based independent  Inspectors. Agents /Agency representing Japanese suppliers may not apply. Japanese suppliers /importers must apply to export, import  goods directly with FTNX.  


WE WILL CONSIDER

  1. Any single shipment of a wanted product exceeding 2000 MT FCL at FCA  ICC Incoterms 2010/20
  2. Especially revolving shipment /contract of a wanted product  at FCA FCL  500 MT per  month or more  for 6, 12  or more months 
  3. Any large single shipment (VLBC) NBC at FOB ICC incoterms 2020/2010  25,000 MT or more 
  4. Especially revolving NBC shipments  monthly at 25,000 MT or more up to 140,000 MT shipments  (ULCC shipment sizes not considered) at FOB ICC Incoterms


Note: If the supplier is able to accomodate  CIF, CFR or CIP incoterms  delivery modes,  please let us know on the offer.For purpose of simplicity , FOB , FCA or even FAS delivery modes will suffice for now.  

      

THE TRADING PROCEDURES  AND ROUTINE AS FOLLOW ONCE FTNX CONSIDERS THE PURCHASE FORMALLY

  1. OFFER
  2. CONTRACT 
  3. PAYMENT INSTRUMENT LODGED 
  4. PERFORMANCE GUARANTEE  (P.G)
  5. DELIVERY
  6. COLLECTION ON PAYMENT 
  7. REJECTIONS REMEDY 
  8. NEXT DELIVERY

 

Note: Supplier enacting with FTNX or end buyer purchasing goods from FTNX same process /advice as relevant applies.


TYPE OF WANTED GOODS BEING CONSIDERED ( or are able to be sourced) FOR PURCHASE OR SALE  IN  2021 BY FTNX

  1. COPPER CATHODES
  2. COPPER INGOTS 
  3. ZINC INGOTS 
  4. ALUMINIUM INGOTS
  5. ALUMINIUM SHEETS  
  6. UREA
  7. ULS D2
  8. PORTLAND CEMENT 
  9. LS THERMAL COAL 
  10. FISHMEAL
  11. SOYBEAN ANIMAL FEED
  12. IRON ORE LUMPS /FINES
  13. SWEET CRUDE OIL
  14. WHEAT GRAIN 
  15. WHEAT FLOUR 
  16. RICE:  BROKEN 
  17. SUSTAINABLE PLYWOOD
  18. SUGAR
  19. BENZYL CHLORIDE  (PHARMA GRADE) and other chemicals sought


 Note: Major important products secured or which  we will need to  secure quickly  are listed on the FTNX Index . 


RULES AND LAWS 

  1. All disputes settled  as per LCIA procedures; supplier/ sellers  country
  2. Financial instrument at sight payment: IDLC  as supported under UCP 600 includes ‘eUCP’
  3. Financial instrument: SLC as supported under ISBP 2013.
  4. Delivery rules as supported  via ICC Incoterms 2020 or 2010 at discretion 
  5. Sales of Goods Act  2001 (U.K)
  6. U.N Convention on Human Rights and Slave Labour 
  7. Hague Visby Rules 
  8. Contract formation rules and foreign governance therein (U.K)
  9. FTNX in house applications as relevant: CERC, LDD, ICA,  and IPG.
  10. TRIBE Rules of Association for FTNX Associates in other countries
  11. FTNX only accepts Shipowners endorsed BOL  as required under international UCP 600 banking rules 
  12. All document via email are deemed as originals once meta tags have been added after transmission 
  13. All business  by email permitted except  for actual contract which must also be served as a hardcopy.


GENERAL NOTES ; 

  1. Intermediaries may not apply to offer goods to FTNX  
  2. Countries  holding sanctions with Australia ,UK, New Zealand, Canada, India or USA may not apply business with FTNX 
  3. Agents /Brokers acting on behalf of  disclosed  Japanese suppliers and end buyer  may not apply.Japanese principals must enact with FTNX directly 
  4. Chinese suppliers may apply directly: Chinese based  brokers /agents may not apply  
  5. Government  export agencies from  first world countries may not apply. 
  6. Economically depressed countries /Governments may apply
  7. ‘Aramco’  or ‘Swiss’ procedure may not apply 
  8. No BCL  or financial forms /pre advice if sought from FTNX will  not served.
  9. Disclosure of FTNX customers as a condition of doing business not served.
  10. India, Mexico  and Africa  has ‘preferential’ treatment from FTNX in 2021.
  11. 45/90 days deferred payments may also be available to preferential  customers of FTNX ( End buyers)  
  12. The price of goods from the supplier unless stated differently on the final negotiated offer /contract may  need to include considerations for P.G. Transfer fees, Export Tariffs, Insurance, Inspection and Delivery Expenses. 


CER: CARBON EMISSIONS REBATE  (AND TANGIBLE CER  PROMISSORY NOTE ) 

A cash rebate is paid outside the bounds of the contract, by FTNX  to any supplier  who is demonstrating  efforts made to reduce carbon emissions including;

  1. Where CIF, CIP  or CFR  delivery mode is secured which confirms that a carrier is using LS Diesel fuel rather than dirty fuel oil.The  end buyer  is paid the CER
  2. Where a power  generating company has changed (and has purchased from FTNX)  low Sulphur and Ash  type of thermal coal to generate electricity.
  3. Where supply of timber comes from sustainable forests farming and practices 


Current CER rate: 1 Jan to December  2021  for all business completed with FTNX is: US$ 1.77 per MT  Per shipment.


 


 







 




 
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