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FTNX FAS REVOLVING INDEX 2020…………………………………………………………………………………………

As COVID 19  restrictions are being lifted around the world, FTNX is resetting  its own  trading aspect  with the advice below, for an anticipated busy period from late 2020 going into 2021 as we rebuild lost momentum caused by the pandemic. FTNX is a buyer and seller of commodities acting on behalf of undisclosed principals. Below is a guidance of our purchase basis, subject to final contract. An offer once served to FTNX is legally binding once it is returned to the supplier as signed. This is the event which dictates that a live purchase transaction has commenced. As below boards are completed, each will define the kind of product we are interested to buy, and the buy price we are prepared to pay for such goods  bearing a fixed price at FAS ICC 2010 or 2020 Incoterms as specified on contract. CIP and CIF transactions attract ICC Incoterms 2020 delivery modes. Regardless the final delivery mode sought  the price basis at  ICC FCA FCL or NBC FAS Incoterms is being initially sought. Singe large shipments considered as offered by the supplier and  price basis suggested, otherwise revolving monthly supply is the preferred aspect.  Single shipments at 20 FCL or more  or 12,500 MT NBC are considered;  is now considered the lowest quantities that may be offered at FCA, CIP  or subsequent  CIF price basis as formed on top of our fixed price basis at FAS. At sight IDLC is the only payment method offered by FTNX. No contract can be signed unless  and offer has first been signed bearing ICC Incoterms and UCP 600 DLC rules as  part of the contracting basis which is our  minimum requirement. All other contract entries  are considered on merit. First delivery shipment of any contract attracts an added  discount  to FTNX in where all other price basis follow thereafter. This first delivery aspect is about establishing a  monthly revolving order which nearly always attracts delays in wheres no P.G is collected from the supplier for any such delays as the seller and  buyer established the delivery routine and bear such delays. No such amicable considerations are tolerated from second delivery onwards.  All inquiries are confidential and may be made to the Buyer  FTNX by quoting the disclosed transaction code: C/o FTN Exporting (FTNX)  CEO, Mr  Davide Giovanni Papa  Email: ftn_smice@bigpond.com.


CRUDE………………………………………………………………………………..

COMMENTS ……………

  1. CURRENT FIXED PRICE OFFERED BY FTNX: US$ 307.50 MT (US$ 41.00 per BBL) 
  2. DATE OF OFFER : MAY 23, 2020
  3. FTNX PURCHASE BASIS: PER  MT SWEET GRADE 38-39 API   
  4. 1ST YEAR:  GUARANTEED FIXED PRICE IS SOUGHT BY FTNX AS STATED ABOVE FROM 2ND SHIPMENT
  5. FIRST SHIPMENT FIRST YEAR PRICE PAYABLE US$ 288.88 MT: CURRENT OFFER APPLIES THERE AFTER  
  6. 2ND YEAR: PRICE AT BRENT FOB LESS  10.0% FTNX BUYS AT FAS
  7. 3RD YEAR: PRICE AT BRENT FOB LESS  9.0% FTNX BUYS AT FAS
  8. 4TH YEAR :PRICE AT BRENT FOB LESS  8.0% FTNX BUYS AT FAS
  9. 5TH YEAR : PRICE AT BRENT FOB LESS 7.0% FTNX BUYS AT FAS
  10. TRACKING WEBSITE : BRENT 
  11. DELIVERY MODES: FAS  ICC Incoterms 2010 (or 2020) 
  12. QUANTITY: 6 Million MT -/+10% REVOLVING MONTHLY BASIS:  5 YEAR CONTRACT 
  13. CURRENT BASIS MT TO BBL CONVERSION FACTOR: 7.5 (To be replaced with suppliers actual factor) 
  14. PAYMENT: IDLC AS ADVISED FROM TOP 100 RANKED BANK
  15. P.G : SUPPLIER TO PROVIDE 2.0% PG AFTER IDLC IS ACCEPTED 
  16. PROCEDURES: OFFER, ACCEPTANCE, CONTRACT, PAYMENT, P.G, DELIVERY 
  17. FIRST DELIVERY: 40 DAYS AFTER CONTRACT SIGNED FALLING ON THE 15TH  DAY OF EVERY MONTH 
  18. TRANSACTION CODE: FTNX-CROMAYSKL-17200028
  19. SOUGHT BY: FTNX AS BUYER 


Confidential offer may be advised to FTNX or supplier may ask for our full Offer to Procure(OTP).

Reasonable variations to above aspect considered on merit  at  our discretion

Government export agencies, trading houses and other competitors / entities may not apply  to sell to or buy goods from FTNX.

Governments direct may apply.

CRUDE OIL SELLING: End buyer may make confidential inquiries to FTNX . No details  of FTNX  sell price placed on line.

CONTRACTING BASIS : Supplier(s) offering sweet grade crude oil or  low sulphur fuels to FTNX must do so for a period of 6 months or more. FTNX is a buyer acting for undisclosed others, and not the end buyer /user of products sought. FTNX will consider a fix prices basis  for long term supply of 36 months or more. A Current offer price is offered. First delivery fo any contract is discounted and P.G for first delivery advised by the seller is not effective as the first delivery is needed to establish the contact and  effective routine. The Supplier must lodge their private  offer with FTNX in PDF. The PDF should be encrypted in where a passcode to open the PDF is applied in the supporting text message. The text message must indicate what the PDF is about for the document will not be opened.  


FTNX specialises in buying large revolving qualities of wanted goods from export ready suppliers at discount.We are  not  interested in SPOT market prices. Large  purchases attract such a discounts in any business practice including this one. The discount served is mostly returned to our clients as an incentive, clients  who trust and respect our advice and service. FTNX guarantees that the clients we sell goods to have not done business with our  supplier supplying us goods for a period of 2 years  or more prior, or not at all.Should this not be the case, a full  assignment of the credit will take place to the suppliers account as advised at such a time, to which our operating expenses are reimbursed by the supplier. FTNX does not intentionally offer goods it has purchased from the supplier to standing clients of the supplier, but to new clients in new markets. As an incentive for our clients to buy such large amount of goods from FTNX a discount must be apparent.  Supplier looking to offload large stockpiles reserves are encouraged to lodge an offer with FTNX for our purchase consideration accordingly based on the advice below. Large single shipments are considered  as per prices basis offered by the supplier and not as sought by FTNX.


FAS Incoterms 2010 is the applicable delivery mode to the suggested  price basis is assumed. Suppliers who are also able to later offer CIF @ Incoterms 2020 should indicate at much. If CIF is sought  by FTNX after accepting the FAS aspect, port  of destination and insurance details sought will be advised at such a time. FTNX does not offer BCL,  accept to sign registration forms or consider risk laden unacceptable procedures. Countries bearing sanction with USA (banking system) may not apply. ARAMCO contracting condition not accepted. 



COPPER CATHODESS

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ZINC INGOTS 

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ALUMINIUM INGOTS 

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ULS D2

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BARLEY

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WHEAT

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SUGAR 

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PROCESSED BEEF

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PROCESSED CHICKEN

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RICE

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IRON ORE 

COMMENTS 

  1. CURRENT FIXED PRICE OFFERED BY FTNX: US$ 105.00 MT 
  2. DATE OF OFFER : MAY 19, 2020
  3. FTNX PURCHASE BASIS: PER  MT 62% Fe LUMPS
  4. 70,0000 up to 80,000 MT monthly deliveries  -/+ 10%.    
  5. 1ST YEAR:  GUARANTEED FIXED PRICE IS SOUGHT BY FTNX AS STATED ABOVE FROM 2ND SHIPMENT
  6. FIRST SHIPMENT DELIVERY FIRST YEAR PRICE PAYABLE US$ 100.00 MT: CURRENT OFFER APPLIES THERE AFTER 
  7. SHOULD INTERNATIONAL PRICES REACH FTNX FIXED PRICE AFTER 30 MONTHS /DELIVERIES,ADED PREMIUM APPLIES  
  8. AT 30 MONTHS 2.25%  ADDED PREMIUM  APPLIES  TO FAVOUR SUPPLIER 
  9. AT 42 MONTHS 2.55%  ADDED PREMIUM  APPLIES  TO FAVOUR SUPPLIER 
  10. AT 54 MONTHS 2.75%  ADDED PREMIUM  APPLIES.TO FAVOUR SUPPLIER 
  11. AT 66 MONTHS 3.60%  ADDED PREMIUM  APPLIES TO FAVOUR SUPPLIER 
  12. AT 78 MONTHS 3.75%  ADDED PREMIUM  APPLIES TO FAVOUR SUPPLIER 
  13. TRACKING WEBSITE : TO BE AGREED UPON 
  14. DELIVERY MODES: FAS  ICC Incoterms 2010 (or 2020) 
  15. QUANTITY: 7 Million MT  -/+10% REVOLVING MONTHLY BASIS:  YEAR CONTRACT 
  16. PAYMENT: IDLC AS ADVISED FROM TOP 100 RANKED BANK
  17. P.G : SUPPLIER TO PROVIDE 2.0% PG AFTER IDLC IS ACCEPTED 
  18. PROCEDURES: OFFER, ACCEPTANCE, CONTRACT, PAYMENT, P.G, DELIVERY 
  19. FIRST DELIVERY: 40 DAYS AFTER CONTRACT SIGNED FALLING ON THE 15TH  DAY OF EVERY MONTH 
  20. TRANSACTION CODE: FTNX-SMLPMDPMX-1820006
  21. SOUGHT BY: FTNX AS BUYER 


Confidential offer may be advised to FTNX or supplier may ask for our full Offer to Procure(OTP).

Reasonable variations to above aspect considered on merit  at  our discretion

Government export agencies, trading houses and other competitors / entities may not apply  to sell to or buy goods from FTNX.

Governments direct may apply.

CRUDE OIL SELLING: End buyer may make confidential inquiries to FTNX . No details  of FTNX  sell price placed on line.

Iron ore fines considered at a lower price basis. Fixed offer made is for Lumps  from export ready supplier with stockpile already formed at mine, or along side port of loading.


The FAS price basis is offered regardless what the final transport mode is used .The FAS basis forms the base price.  If a no fixed price basis is offered , the supplier must ensure that a discount from world SPOT  prices is apparent. Supply of under 3 years are not considered as longer term contract of supply sought .Goods are sold inland  to FTNX clients located in China or offered to Japanese clients, as we move away from major port of delivery and influences therein. Supplier looking for a new market in  inland China, should consider offering FTNX Iron ore.  


FTNX has been conducting business with clients from the  Southern Hemisphere  for decades.These are the emerging countries  and  next wave  end buyers of large quantities of  main stream commodities. Offer to Supply FTNX  carrying validity ion less than 4 months  not considered.  Assured supply period and validity of  offer for 12 months preferred as per basis takes at the time.  



FLOUR

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COAL

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