AboutDavide Andrew Papa Expertise All matters pertaining to assisting Private import export INTERMEDIARIES, AGENTS and BROKERS Regarding International trade Laws and procedures,Letters of credits, as per UCP 600,Presentation, Commissions,International Rules of agency, and Incoterms 2000. All matters pertaining to shipping documents relating to the Import and export of products from one country to another.All matter for buyers and sellers of commodity products relating to the import and export industry.FTN with the introduction of UCP 600 will release the publication "The world is yours"(2004) made specifically for Intermediaries.Current inhouse tra ining manual is "Follow the Yellow Brick Road"(2008) Our advice website is www.ftnexporting.com
Experience FTN exporting founder Davide Papa has been trading for over 20 years- and has dealt with a huge variety of corporate entities including Gold and crude oil suppliers. FTN appeared in a major controversial Newspaper editorial in 1994. FTN Exporting official publication "International Trade and the Successful Intermediary"(ITSI) is about to be released world wide (December 2009) by the prestigious U.K publishing firm Gower's (U.K) and is listed on Amazon.com (Keyword: International Trade Intermediary) ITSI is ostensibly the first uniform intermediary trading doctrine of its kind, and will become the standard intermediary practice world wide in years to come. FTN exporting has created the said doctrine and supporting rules of trade defined as "URPIB" (Uniform Rules and Practice for Intermediaries and Brokers), which will (has?) become the most successful set of private intermediary rules ever created.
Publications The World is Yours and "Follow the Yellow Brick Road" www.ftnexporting.com . Author of "International Trade and the Successful Intermediary " (ITSI) 2009 excepts on http://www.gowerpub.com/default.aspx?page=637&calcTitle=1&title_id=11177&edition_id=12138
Education/Credentials Let school early. Became a master chef . Took up business management and later studied "international Trade at Stott's college Melbourne, Australia.
Question I have a seller who implements this procedures.Do you think this procedures are workable?If so, please let me know from where i can present a buyer to him? I need a buyer who will accept this procedures?Please advice
1. Present the procedures and profile document and explain to buyer. (Other documents will be forwarded directly to buyer as required)
2. Establish and verify for seller that you have your agreements to represent or present buyer in place. (seller can neither pay or be paid any commissions from transactions, you must rely on your client to do so).
3. Have buyer indicate crude oil or refined product required, and introduce buyer to seller. (We need to be dealing with a signatory or person authorized to approve a purchase).
4. Exchange with buyer will establish information for seller to create a draft contract for buyer’s approval (assignment of contract number will identify deal from this point forward).
5. At this stage, buyer should identify that they are using seller to handle logistics or proposing their own vessels.
6. Buyer and seller sign contract.
7. Buyer provides letter or SWIFT message from their bank to HSBC Canada stating their ability to fund the numerated contract. (required text will be provided directly to buyer).
8. Contract and bank notification pass to HSBC Moscow for final acceptance. (“Acceptance” in this case means HSBC accepting the buyer’s bank and their notification).
9. seller purchases replacement crude oil from Transneft to supply contract.
10. All documents are returned for supply of product under terms of contract. Proposed laycan dates included.
Buyer elects laycan dates, shipments commence as specified. (by this time, charter party agreement must be funded to CIBC Canada, or buyer’s vessels must be approved. Shipping dates will be affect by the timing of WHEN the charter party agreements are in place).
11. When each shipment is loaded and surveyed, payment is made by transfer from buyer’s bank to seller account in HSBC Canada.
12. Repeats per laycan dates accepted.
Answer
Dear Tamim
IF You as an intermediary introduce the buyer to the seller at Number one - Goodbye to deal- You will get nothing- The deal is unworkable as far as an intermediary is concerned..
Soon as you lose control of the deal you are out of the deal , such will close with the buyer and seller and you'll never know the difference -
Please read last answer given, when you read this answer- YOU MUST become the Buyer to the supplier and seller to YOUR end buyer- then you are fully safe-
As for the rest of the procedures go... totally useless-
Regards
Davide Papa
www.itsi.itgo.com
www.ftnexporting.com
www.ftnx.9f.com
