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FTNX as Buyer: Procedures with suppliers
1 May 2025.
FTN Exporting (FTNX) procedures when buying goods from an export ready supplier in possession of goods. FTNX as buyer is acting on behalf of an undisclosed principal.
The supplier makes a quote with specifications attached and sends it to FTNX by email. The quote must be valid for at least 2 months or more. FTNX will acknowledge the quote for the quantity of goods as advised on the home page contract value aspect. Should FTNX buy such goods it will sign the quote as confirmed, and return it to the supplier before validity expiration date. The quote will be returned with a full offer to procure,(OTP) for the supplier to consider. Once the offer has been accepted by both parties, a legally binding aspect becomes apparent. The supplier may commence loading operations as we await the contract. Once the contract is signed and returned, payment will be advised within 5 banking days in where within 21 days or less thereafter, first delivery is to be completed. Whether FTNX offer or contract formate is considered or not , the above process is expected.
FTNX as Seller: Procedures with end buyers
FTN Exporting (FTNX) procedures when selling goods to an end buyer taking possession of ordered goods.FTNX as seller is acting on behalf of an undisclosed principal. The details of our supplier has no bearing to the nature of business being applied.
The end buyer makes an inquiry to FTNX about goods sought, or may need sourcing if stock is not on hand after contacting our suppliers. A quote will be advised. Once the quote is returned as a confirmed and offer will be advised. Once the offer is accepted and signed a legally binding aspect is apparent. FTNX will go ahead and prepare goods for loading as FTNX prepares and forwards its standard contract bearing matters of the the offer in more detail. Once the offer is signed, payment is advised with 7 days, in where first delivery will be initiated within 21 days or less. Subsequent deliveries will apply as stated on the offer and contract.
FTNX procedures are fair, just and safely applied using a well tested set of strict leading procedures designed not only to protect FTNX, but the clients it is enacting with. A supplier or end buyer approaching a SPCT endorsed FTNX agent, instead of FTNX directly must remain with the agent until failure or success is apparent. FTNX is unable to transact with a supplier or end buyer , who are located in a country where western banking sanctions are in force. All business with FTNX is personally service and private.
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