You are here:

Distribution of Products/Questions Answered by Expert Davide Andrew Papa

SubjectDate Asked
Plan of Action - Banking Instrument2/11/2012
  Q: Negotiation Time has arrived. Supplier has been secured. Terms are FOB, upfront funds are ...
  A: There is no question here- I'm not sure what you are asking. Have you read /studied the ITSI or ...
Offer- Contract Phase2/10/2012
  Q: Once you have secured a Supplier and have supplier has agreed to your terms and conditions regarding ...
  A: It's fully explained in the doctrine- its a whole interacting meandering application.It's the heart ...
Where do I start?2/9/2012
  Q: I just turned 21. I'm young and I don't know to much about what I am doing. I just want to be put ...
  A: You want to become a professional intermediary? Why? Have you got rocks in your head. Go surfing, ...
W§ho is the seller??2/8/2012
  Q: I hope you are fine. Since september 2011 I am askingregularly about sugar. My question for today ...
  A: At 3: So you are asking me how to identify a supplier -Do you see what's wrong with this question? ...
PPI Model A2/7/2012
  Q: Your book is the best Premise of Trade ever read but at times, it throws me off balance bcos i am ...
  A: Sorry Brent I have to be a little tough with your question this time. You are overstretching and ...
offer / procedures2/6/2012
  Q: Papa, I really appreciate all the insight and information you have provided through your books, ...
  A: But if you've read my books,you would know that above is not worth even throwing away.Burn it! ...
Who is Davide ANDREW Papa and Who is Davide Giovanni Papa?2/4/2012
  Q: Giovanni and Andrew?
  A: Strange question to ask on such a forum. Why Not?Let see what I can say about myself in the ...
Selling Thermal Coal reserve?2/3/2012
  Q: I have been given the opportunity to earn a substantial commission if I am able to find a buyer for ...
  A: Very difficult and tricky for 99.9% of intermediaries to ply.I've head of such reserves.These deals ...
Price,Margin, and offers2/2/2012
  Q: I hope you are fine. Since september 2011 I am askingregularly about sugar. My question for today ...
  A: I am well thanks. You concern yourself with matters that you should not be applying. You get an ...
How to apply you procedure in your book to crude oil trading1/27/2012
  Q: I just bought your book and have read through I must say a big thanks for the information given in ...
  A: Pretend the sugar offer example is a crude oil example - what details will you need in line with the ...
Writing Contracts1/26/2012
  Q: " I hate to admit that I was an internet trader using flawed trading practices. I was using all ...
  A: 9% of all traders were dealing with said flawed procedures-until the doctrine came along.You have ...
Contracts1/25/2012
  Q: is there a sample I can find of each of these below? RFQ, Offer/Quote to end buyer, Offer to the ...
  A: A past old style RFQ is available via www.ftnx.9f.com It's not that I am maxed out. When ...
Contracts1/24/2012
  Q: is there a sample I can find of each of these below? RFQ, Offer/Quote to end buyer, Offer to the ...
  A: Such are worthless to you, unless you have intently studied the FTN exporting ...
PG - Evidence of Supply - Status1/18/2012
  Q: The scenario: 1) A large corporation buying goods requires a 2% PG (as they have bought before with ...
  A: A) PG is coming second not first. FROM END BUYER :PAYMENT COMES FIRST. Always. TO the supplier ...
PG - Evidence of Supply - Status1/17/2012
  Q: The scenario: 1) A large corporation buying goods requires a 2% PG (as they have bought before with ...
  A: It's all there in ITSI and in part FYBR? Did you miss it . 1// The P.G comes second . The DLC ...
premium or i take from less discount from WTI or Brent USD$121/14/2012
  Q: I thank you always for your Quick answers to my questions. Your doctrine is the best i love reading ...
  A: So much nonsense out there. 1// For the first year or more you deal looking for suppliers- If you ...
should i also say 3 shipment in advance DLC issued.1/12/2012
  Q: Good day Davide Papa Assume i make an offer to my End Buyer and i want him to pay me with the Bank ...
  A: But such has been very clearly explained in my doctrine? I'll try and break it down to a more ...
Please advice me.1/11/2012
  Q: I hope you had nice holidays. Wishing you a wonderful year 2012. My question for today is, that ...
  A: There is no question here, and I am going to be a little tough here, for your benefit and other ...
Real Mandate1/10/2012
  Q: First time Purchase Mazut Oil. As i know they are many Seller Mandates/Broker/Agent/Intermediary are ...
  A: You have not studied anything of the doctrine? I can tell by the questions asked- I can't answer the ...
What do i do with the Debit or Credit.1/9/2012
  Q: Good day Davide, Compliments of the season and Happy New New. My Question is Based on Price ...
  A: I'm not sure what you mean. Debits and credits are applicable as per the delivery term- FOB ...
Buying bonny light1/8/2012
  Q: Davide I have bought some of you products and enjoy getting real answers. I need to know if you ...
  A: Have tested over 100 offer of bonny light over the last 5 years - all fakes . If you do not hold ...
Finding oil broker to deliver a mandate1/6/2012
  Q: To get straight to the point. I have a direct Partner with a very close relationship with 3 Direct ...
  A: Let me be a little tough with the answer- 1/How does finding an end buyer assist you- I means , ...
Will Buyer Pay with Benchmark Price or After Less Discount Price12/17/2011
  Q: Good day Davide, Benchmark Price $109.92 less $10.00 Discount = $99.92, this is the Supplier sell ...
  A: 1/ COO:You are missing thought- I can think of 4 ways. Try - Tolerance factor on DLC-/+5% all ...
Bank Commiission12/14/2011
  Q: Assuming i finally secured $10.00 from the Supplier. I give back monthly premium to the Supplier ...
  A: Not sure if an appropriate question has been asked.?? Where does the bank gets its commission ...
When the commission rate is too high12/11/2011
  Q: Papa, I have finished reading ITSI. It's the best book on the topic I have ever read and ...
  A: I am also grateful that you appreciate the efforts made to produce such works. lost a year working ...
The Today Price For The Supplier and Future Price To The End Buyer/How Do One Know The DUC Blend Price12/8/2011
  Q: Supplier How do one pick the right price for crude oil. There are varies blend of crude i.g RCMB, ...
  A: That's a bit better-not by much though. Let me do YOUR homework. I really don't know if you will ...
To Be Attached As An Outsider, What Stage Should i Be?12/7/2011
  Q: Good Day. I would like to thank you for all your effort and time you took to explain to me the ...
  A: God sent? - Thanks Harrimann for the compliment. We'll the premise I speak of is mostly to do with ...
WTI OR BZ BRENT12/3/2011
  Q: Compliment of the seasons David Inquiry to Buy- RFQ Assuming this is my first inquiry to a Potential ...
  A: Greeting to you as well Harrimann- and a merry Christmas- Let me m be a little obtuse with you on ...
Mexican Iron Ore , payment by Chinese12/2/2011
  Q: Is it customary for the Iron Ore miner/seller to receive payment for his product, when it reaches ...
  A: Great , I real export import question-CIQ inspection requests is a nonsense application. Regardless ...
FOB/CIF11/28/2011
  Q: I hope you are fine. I asked you a few questions in the past. I completd reading your book ITSI ...
  A: Excellent - now you have the big picture - read it intently many times. We can't explain 'How to ...
A WATER-TIGHT SBLC11/22/2011
  Q: we will be commissioning a Biodiesel refinery we are supplying to a company in Ghana. Before ...
  A: 1// Your contract stipulates collection date on SLC- that's one matter. 2// You matter of ...
Trade houses or Suppliers?11/16/2011
  Q: I hope you are doing well…I continue to build a good foundation of your trade application. I have ...
  A: The ant move amongst the giant unseen, until it's too late- You must have found my past, angry ...
still On ITB11/9/2011
  Q: Good day, Davide 1. Could you please rephrase this paragraph of FYBR + COFI Page 676. Final pricing ...
  A: 1// Cofi must interact with matters of FYBR- and that you should not simply quote the works -as I ...
published prices & bol alternatives11/8/2011
  Q: Q.1. Is there ANYTHING besides a BOL that a carrier can create which doesn't show consigNOR ...
  A: I'm not sure what you mean??? - I think below may cross the paths in answering your questions. Big ...
privacy and more11/4/2011
  Q: Papa I am new to all this want to ask you few questions if you don't mind. 1# When I am ...
  A: Did you not read my current website www.ftnexporting.com all pages- and older outdated site ...
Who is a genuine Seller??11/1/2011
  Q: Papa, Thank you very much for your advice and past answers on the web. You advised me about one ...
  A: 1///If you have plenty of money you could contact the Chamber of Commerce or Consulate in your ...
Trading Secondary Contracts10/29/2011
  Q: Papa, I have reviewed some of the past Q & A that you have provided and throughout you refer to oil ...
  A: Your assumptions are correct so long as products you trade in don't breach URPIB rules which work ...
Trading Secondary Contracts10/27/2011
  Q: Papa, I have reviewed some of the past Q & A that you have provided and throughout you refer to oil ...
  A: Do did not ask a relevant question and have asked me to make comment out of context.I can't go back ...
RFQ. Info10/26/2011
  Q: Good Day. I thank you for your effort and time. You are in did a genius . Please help In a COFI ...
  A: Nothing to ask- You must not and cannot give any proof of anything.You ask for an offer for the ...
Convert 300 Thousand to MT10/24/2011
  Q: Good day I have found a supplier.They Produce 300 thousand barrels per day Crude Oil). Typical ...
  A: As a general guide 7.3 barrels equals I MT . Exact conversion factors is applied once you have ...
Request for offer10/22/2011
  Q: How can i obtain an offer from genuine supplier to give me the authority and opportunity to sell his ...
  A: You ask the supplier for an offer- by obtaining and securing an offer you have secure "ostensible ...
Offer to Procure10/17/2011
  Q: In a COFI deal. I want to place an Offer to Procure in the Secondary Market Application. I don't a ...
  A: 80,000 Mt to 140,000 MT single shipment FOB for 12 months is a good overall quantity buyer would be ...
Sugar Deal Procedure,and Payment Method10/12/2011
  Q: Papa, You answered my first question on 2nd October 2011. First of all thank you very much for ...
  A: The larger the question the much shorter the reply. (a) He can asked for anything - but you can't ...
Sugar Spot and CIF Deal10/10/2011
  Q: Papa, I asked you my first question few days ago and today writing you again.I have read all your ...
  A: You have not read or studied the doctrine otherwise you would have not asked such questions. The ...
Guidance to coal trade10/4/2011
  Q: I bought your book due to my interest in doing intermediary trading. With regards to the matter at ...
  A: I 'm sorry to hear about your plight- but this a mean and tough business that cannot be effectively ...
What are the main points,closing a deal10/2/2011
  Q: Papa, My name is Ishwer I am writing from Germany. I am very new to trading. Fortunately while ...
  A: There is no special trading way , or special procedure- You need to learn proper Import export ...
Sugar seller fun9/27/2011
  Q: First of all, thanks for all the wonderful advice. I start getting the picture and it is an ...
  A: It's much worse.In any case you must only ever concern yourself in securing a 'supplier in ...
Permission to Distribute Products outside the USA9/26/2011
  Q: I would like a formal letter granting permission to an individual for the distribution of a ...
  A: Are you the supplier in possession of goods-If so an agreement must be in place in where the Agent ...
Contact refineries directly9/25/2011
  Q: We had obtained the mandate ship in writing of a reputable company in China for the purchase of fuel ...
  A: I am going to be a little tough on you- so hopefully my words sink in- Don't get offended. Sometimes ...
Trading Russian Heavy Fuel Oil9/24/2011
  Q: I have two questions, please help me in answering 1) My buyers for Mazut M100 are requesting the ...
  A: 1///Never issue a PG before DLC never- it's a proven effective in scam deals . You can get easily ...
Intermediary question9/22/2011
  Q: I have the following situation. I have what I believe is a genuine middle eastern commodity buyer ...
  A: SMICE is a index price board to place goods on such for our intermediaries to secure buyers under a ...
Where do I start9/16/2011
  Q: Firstly, I want to thank you for the awesome way you are a blessing to everyone you help. It is the ...
  A: That is why I wrote the doctrine- there is a huge need for such advice - You are not alone. I noted ...
Business Reputation8/26/2011
  Q: When starting a import/export business, how important is it to be incorporated and have a business ...
  A: At first its not so important as you learn procedure and refine your approach then later the more ...
Reselling versus intermediary8/24/2011
  Q: There are two ways you can work as an intermediary: One way is selling the product yourself and ...
  A: There are two ways you can work as an intermediary:  ( IS THERE? ..DID I MISS SOMETHING? ) One way ...
Bonny Light8/22/2011
  Q: How can I find the end user's ( refineries) representatives or mandates for Bonny Light crude? What ...
  A: This business is about due diligence- I train my own agents on such matters on how to sport fake ...
CFR contract or FOB with Variations8/19/2011
  Q: it was a great help. The deal is for 50,000mt of 63-61 KCAL Indo Coal. The buyer will only accept ...
  A: Need to get a little more tougher with you- You are not thinking correctly. Last time the ...
Coal Trading8/16/2011
  Q: I just finished reading you book ITSI, which was a great help to me thank you! My core business is ...
  A: A Good Logical and Appropriate set of Questions! See what I can do to enlighten you even more- (1) ...
oil intermediaries8/13/2011
  Q: MR PAPA I AM A MIDDLE MAN IN AN OIL DEAL 4MM BL A MONTH BONNY LIGHT I SOLEY FOUND A SELLER FOR ...
  A: You are not going to like the following-But I give the following without prejudice-It's up to you to ...
CIF/FOB Deal8/8/2011
  Q: I have secured supply with a direct supplier of copper concentrate. End buyer will only deal in ...
  A: You could, but it's complex. HOW COMPLEX / LET ME SPEND 2 HOURS IN GIVING YOU SOME KIND OF DECENT ...
ITSI or FYBR ?8/4/2011
  Q: First of all, thanks for your work, both as author and expert advisor on web, which is of great use ...
  A: ITSI as found on the Gower publishing site is very inexpensive for such a technical book - ...
Products to source and end buyers8/2/2011
  Q: Long time…I hope you are doing well. Your FYBR II is still the Bible of international Trade for ...
  A: FYBR practitioners get a more refined answer. Lets me see if I can give you some further insight ...
Crude Oil7/26/2011
  Q: Good day mr Papa, please i would like ask how would i know a fake contract and or fake proof of ...
  A: contract is about understanding to read such and interpret such- If a contract say you must pay ...
Re: CommodityTransaction7/25/2011
  Q: I have the below offer, I am intermediary between buyer and seller,please check the below offer and ...
  A: Don't waste your time- Procedures are not workable in any manner-Intermediaries cannot use such ...
oil trading;allocations transaction code fees7/23/2011
  Q: i have studied your maNual and answers to faq.IS IT STANDARD PRACTICE FOR END SELLER/BUYER TO WANT ...
  A: Never. Soon as anyone asks for upfront money or money after contracts are sealed -No deal. Walk ...
mandate for Crude Oil7/21/2011
  Q: Can you email me a Sample of an Seller Mandate for Crude Oil. Coming from a Seller of Crude Oil to ...
  A: No I can't do that-We are an FAQ forum- It will not help you anyway. But below advice will. Let me ...
sell my ware7/12/2011
  Q: sir,you are one in a million and i owe you a thousand bucks,thanks for your answer. I have read all ...
  A: All such answer have already been given over the years, but not in order - in past pages answered- ...
real buyers wanted7/8/2011
  Q: you are doing a great job for us,i have taken your advice and alligned myself with credible sellers ...
  A: There are no list of end buyers- It's all about knowledge and effort and sourcing abilities.Nobody ...
Ex works 7/2/2011
  Q: I'm working on a wine product and have some interest from a possible international distributor - ...
  A: No more wine question answered ,as subject matter is already exhausted - (see past answers) My ...
broker commission6/23/2011
  Q: I would appreciate to answer the folowwing questions: 1. How much is the normal broker fee for crude ...
  A: You have not studied our doctrine hence it's nearly impossible to explain the whole interacting ...
restaurant Distribution ftn exporting6/19/2011
  Q: Mr. Papa I am in Montreal and i am from the Caribbeans, there are a lot of restaurants from my ...
  A: I use to run hotels as well as hug and small restaurants in my younger days as both manager and ...
confirming bank6/8/2011
  Q: Does a prime world bank be demanded to have a confirming bank in issuing a transferable letter of ...
  A: The question can go all over the place- Issued and accepted or just issued?- issues and accepted , ...
confirming bank5/23/2011
  Q: Does a prime world bank be demanded to have a confirming bank in issuing a transferable letter of ...
  A: You are asking legal question- I really can't advise you except for some basic insight. If it's a ...
confirming bank5/15/2011
  Q: Does a prime world bank be demanded to have a confirming bank in issuing a transferable letter of ...
  A: The short answer is NO. A top bank is not required to issue a confirmed credit as it status that it ...
What should we require from principal suppliers?4/24/2011
  Q: First of all thank you for all your professional advice; I have learned so much from you. It has ...
  A: (1 ) You have not studied "International trade and the successful intermediary" or any FTN ...
aprroach supplier4/22/2011
  Q: If the sourcing intermediary acquires quote offer from supplier in his own company's and "steps ...
  A: Finally John, a true intermediary question, after so many years of giving so many answers on this ...
Bill to/ship to4/21/2011
  Q: Commodity traded: canadian honey. I'm shipping this honey from Canada to Algerie and France. My ...
  A: You haven't studied any on my material/publications . the answer can only be directly implied, which ...
Diamonds Deal4/10/2011
  Q: First of all, Thank you for your professional advice. I am a newcomer trying hard to get into the ...
  A: Diamonds are defined on URPIB rules as a product not to be dealt with by intermediaries. Those rules ...
Import from Rotterdam4/7/2011
  Q: would you be able to helpanswer me with an import question. I have a alcohol supplier with stock in ...
  A: Not really an appropriate question-You need to find out for U.K customs if VAT and duties are ...
Cargo insurance - limit of coverage3/28/2011
  Q: i have claimed for damages during unloading of one good shipped by a vessel. The damage occurs ...
  A: You need legal advice or expert advice - and such is not cheap.It would take me a good week(s) to ...
scrap metals business3/24/2011
  Q: I have come across the opportunity invest some money into the scrap metals business. I want to start ...
  A: Deear Horacia You are not acting as a intermediary by but investor- An intermediary buy goods ...
Export agent Commission or markup3/22/2011
  Q: My friend and I are going to open an export management company in the U.S. Mainly, we will help ...
  A: (Nice Name) I can't answer your question- I don't have a spare time you to teach you everything ...
Claim under SBLC3/21/2011
  Q: An importer fails to pay transactions covered by a SBLC. Beneficiary sends to issuing bank a claim ...
  A: I think I am right the first time . I think you are not understanding the issue- let me explain it ...
Beginning pt 23/17/2011
  Q: Davide, Thank you for the previous detailed answers and all of your knowledge. I bought the FYBR ...
  A: But ..If you understand the mechanism, then who know if you are new or not . I started using fax ...
claim under SBLC3/16/2011
  Q: An importer fails to pay transactions covered by a SBLC. Beneficiary sends to issuing bank a claim ...
  A: I am not sure of part two of your question-and the answer could lead all over the place- So let me ...
BG/SBLC3/12/2011
  Q: The supplier insists this is the only way they will move the documents and receive payment from me ...
  A: I just looked in my files . 177- He has closed nothing- Delivery must be CPT or Certificates - ...
Gold Bullion in warehouse in Hong Kong3/5/2011
  Q: Follow URPIB rules as you designed(have the books too). When someone says gold is stored in a ...
  A: My doctrine and rules are only New - but real traders are following the rules- perhaps 5000-10000 ...
Beginning in the business3/1/2011
  Q: I’ve read your FYBR doctrine. I must say it has spark great dreams in me. I’m very new to the ...
  A: I don't have you recorded as a FYBR buyer? you may have purchased such from a resellers- There are ...
Purchasing Urea N46%2/24/2011
  Q: We are about to enter into a trade with a trading company in Canada to purchase urea. Below are ...
  A: Correct.You must have purchased our doctrine,(ITSI or FYBR) as such procedures have been created by ...
Intermediary process2/14/2011
  Q: I have managed to source 10,000 MT of Fuel oil 1,0% (Mazut M-100) GOST 10585-99,source is family so ...
  A: Read past answer after reading this . Not really a question? If you find the end buyer , and the ...
direct purchase on dealer level of gold coins2/9/2011
  Q: How does one go about getting in position to purchase gold coins as a "dealer" for resale to retail ...
  A: Not really an appropriate question for this forum-I'll give you this basic insight - Assume there is ...
OIL SELLERS2/4/2011
  Q: I know bonified buyer who can't find reliable seller. MUST MEET THEIR PROCEDURES WITHOUT VARIATION; ...
  A: Go to http://www.ftnx.9f.com/whats_new.html That tells you who I am. Read other matters on that ...
Payment Terms...2/3/2011
  Q: Papa, You had answered one of my questions about a month ago. Thanks. I've read ITSI and follow it ...
  A: Might put it on the FTN site. "International trade and the successful intermediary " Makes a lot ...
Approach To Suppliers2/1/2011
  Q: I believe it's the best form of business no matter the global economic problems. It also requires ...
  A: Your attitude is correctly defined. The more you read it , The more certain matters open up. ...
Crude Oil Negotiating1/28/2011
  Q: I have bought FTYBR + COFI. Based on your previous answer, I ordered your text book as well. Why ...
  A: Lets see if a can give a refined answer-since you have purchased the books. I am now using ...
Proforma Invoice1/24/2011
  Q: I am sales engineer in a trading company, selling some Oil field products. Now in a tender of an oil ...
  A: You are not selling coconuts - You cannot tender as a intermediary . You arr buying and selling ...
FTYBR + COFI1/21/2011
  Q: 1)I bought FTYBR and COFI from Andrej lavrenc, . Is he an authorized seller? 2)What is the ...
  A: Yes is is an authorized seller . The difference is defined on www.ftnexporting.com ITSI is in ...
Is it Worth Operating a Vineyard in Italy?1/19/2011
  Q: I am from the United States, and recently I have been endowed the opportunity to go over (with help) ...
  A: O.K this time let me put a positive spin on your desires and "passion" Don't confuse business ...
Is it Worth Operating a Vineyard in Italy?1/18/2011
  Q: I am from the United States, and recently I have been endowed the opportunity to go over (with help) ...
  A: O.K I have a clear mind. Let see what my opinion delivers- It's not a intermediary question- but ...
Crude oil buyers needed1/17/2011
  Q: Sir, Thanks for your advices and educations,but the question I have right now is that I am close ...
  A: I will give you reply without prejudice even though your question is inappropriate- Now don't get ...
Regarding the Yellow Brick1/11/2011
  Q: i went your site,i tried following your yellow brick process,the problem i cannot see what is step ...
  A: Are you asking me if the document is good and solid . Yes! It is . Just like hundreds of other I ...
Regarding the Yellow Brick1/8/2011
  Q: i went your site,i tried following your yellow brick process,the problem i cannot see what is step ...
  A: Not really a question? I try to assist as much as possible many , but unfortunately i can't -I get ...
FYBR1/7/2011
  Q: I enjoy your answers posted here. I am looking to buy FYBR IV + COFI but the reseller agent Andrej ...
  A: Its a fake site as far as I am concerned. They have no authority to resell such material. I suggest ...
Allocation fees / Delivery Terms1/5/2011
  Q: Papa, I've read ITSI cover to cover about 5 times and follow it to the letter. I've done all to ...
  A: (LOL) So you are the one who bought my Book! I think I know what you are stating. As a ITSI ...
Beginning as an importer12/9/2010
  Q: Firstly, thank you for giving us so many good advices related with international trade. I have ...
  A: Look at what you've asked - There is no actual question. You are asking for the whole doctrine to be ...
Verifing Supplier12/2/2010
  Q: How are you ? Hope you are well. My question is I was seeking bitumen and I request past B/L ...
  A: (1) You must not (Never) reply upon any documents presented to "provided" evidence of suppliers ...
Division of commission11/30/2010
  Q: A Chinese friend have started contact with me willing to export ceramics from China to Brazil. He ...
  A: (1) URPIB rules are very clear on matter of commission. www.itis.itgo.com Ceramics is not a much ...
D2 Export to PRC11/29/2010
  Q: I have successfully been involved in the export of Agricultural waste to power generating plants in ...
  A: You question is not making sense - You cant' buy from a trading company only from a "Supplier in ...
SOMO Mandate11/25/2010
  Q: I have a buyer in China, who is a major oil company. They are looking for Iraqi Crude Oil.. A ...
  A: It all means wasted time- My educated and personal opinion on the matter is hereby advised in ...
bank guarantee...11/24/2010
  Q: Currently I'm exporting scallops from Peru to France... the french buyer want´s much more of my ...
  A: So you are the Supplier of the scallops- You are not an intermediary correct? This is a very ...
Suppliers11/23/2010
  Q: What is the best way to find suppliers,(not resellers and not intermediate) I tried to contact via ...
  A: Sourcing goods is part of the skill- information of suppliers must must secured- and they will not ...
Gasoil 50ppm11/22/2010
  Q: I really looking to have some advice from your expertise in oil trading. we have a general trading ...
  A: (1) Always Supplier first - Buyer then is sought and secured. (2) Only when you know thew terms of ...
Vodka export to New Zealand11/18/2010
  Q: I would like to export a vodka (flavored with orange) from the Netherlands to New Zealand. What ...
  A: Go back to past answer- we have exhausted such answer to such "wine" questions. Also go to ...
import export intermediary procedures11/17/2010
  Q: I recently had a contact with one wine importer from Russia. I am in Australia. He had ordered for ...
  A: How can I advise you of the process- We are not making Pizza? Even the basics are incorrectly ...
Sugar buyer and seller11/9/2010
  Q: I have major customers interested in buying 12.500 tonnes of sugar but I am struggling to find ...
  A: You get sugar From a sugar manufacturer? But above is not the answer you want. Picture this - ...
FYBR book11/3/2010
  Q: Did FYBR replace TYIY? Did this page formerly alow free downloads of your book? ...
  A: Did you means TWIY (The world is yours) Yes! a long time ago -TWIY was my first in house ...
Buyer/Seller11/1/2010
  Q: Mr Papa: Thanks for all the information that you have provided via this site, your books, and your ...
  A: 'The whole concept is my method - withing such are only standard acceptable rules that an ...
Agent10/25/2010
  Q: Davide, First of all, I admired your profile and your expertise. I would really like to Import and ...
  A: Ask you library to get in for you " International trade and the successful intermediary"(ISBN ...
Becoming an agent10/20/2010
  Q: Papa, First of all, I truly admired you--and blessed to gain such a valuable knowledge. I am in ...
  A: Effective Procedures are not hard to learn - The main problem is that there is a y lot to small ...
HOW COULD WE VERIFY THAT THE GOODS ARE GENUINE10/17/2010
  Q: Our company is planed, have a genuine interest in purchase white refined sugar from genuine ...
  A: let me a little tough on you please.I so so without prejudice so i can drive my point deep into you ...
Crude Oil/Jetfuel Purchase10/11/2010
  Q: I hope you are well. I have read many of the questions and answers on the Crude Oil Business.While I ...
  A: Mmmmmm..Very hard question? No really an export question. - Let me see if I can put it in some kind ...
Discount10/9/2010
  Q: The tutorials here are excellent,Thanks. What is official selling price in crude oil marketing? ...
  A: The question you ask is huge and complex and addressed in our FTN exporting the supplement COFI ...
FYBR TRADER: ASKS;Who am I9/29/2010
  Q: I hope you're doing well! Recently I purchased FYBR IV and COFI to educate myself about commodity ...
  A: FYBR TRADER: : EXTENDED ADVICE Dear John I am well . Thank you for your compliments- ...
Crude Oil9/28/2010
  Q: I am presently working with a Gentlemen who's cousins work for a Sheik. They are looking for small ...
  A: I have covered such very typical matter in my publications and I get 50 such email per week of ...
International Trading of Crude Oil9/27/2010
  Q: I am doing some research on the buying and selling of crude oil via tankers. I believe that through ...
  A: Can't help you to clearly paint the total big picture you need know as it involved a great deal ...
fraud...9/9/2010
  Q: I imported 2,000 USB flash drives from a company in China and they assured me that it is full ...
  A: The problem here is that it would cost much more to have the matter taken to court of jurisdiction ...
RFQ9/6/2010
  Q: My question that how do you get a RFQ when most supplier don't issue them. I live in the USA and ...
  A: YOU HAVE READ AND STUDIED OUR DOCTRINE IS BEING ASSUME- BECAUSE YOU ARE ASKING AS INTERMEDIARY ...
Export procedure9/3/2010
  Q: I wanted to start a ETC where I do not hold any actual merchandise but I’m a little confused about ...
  A: "Internet idiots" - Tell me? Where did you get NCNDA and LOI term from- There are no such terms in ...
Export procedure9/2/2010
  Q: I wanted to start a ETC where I do not hold any actual merchandise but I’m a little confused about ...
  A: You can't just fill in the spaces - You must learn procedures- That suits and intermediary- Such ...
Export ITSI8/21/2010
  Q: Davide after reading your book (very good I might Add) I have turned my attention to finding ...
  A: "Ostensible Authority'- Do you have an OFFER from a SUPPLIER in Possession goods. This premise ...
Seller's Mandate8/17/2010
  Q: I have a genuine buyer for Diesel D2 ( Bank details and others documents are in my hand) The buyer ...
  A: Read past answers and study - You can't Just "become " a mandate holder- Most positions are false ...
Agent-Importer relationship8/14/2010
  Q: I am a food agent, just starting out, representing Italian products in the U.S. I have recently ...
  A: You need an agency agreement- An agreement between you and the importer - I assume you mean ...
Does This looks feasable8/4/2010
  Q: Moving parts: 1) end buyer/mandate 2) buyer/seller - ME > *2%263 split ...
  A: THERE IS NO QUESTION HERE- BUT LOOKING AT THE DEAL FOR 3 SECONDS I CAN SAY THIS - (1) YOU ARE ...
protecting my contract from person with D2 import license8/3/2010
  Q: Working on a D2 contract in China and my buyer does not have a D2 import license.I have found a ...
  A: Working on a D2 contract in China and my buyer does not have a D2 import license- How is that ...
URGENT..an opportunity knocks only once!!8/2/2010
  Q: Would you know any "SELLER/TRADER", of Russian Origin Aviation Kerosene Colonial Grade JP 54 as i ...
  A: (1) You have no question here - This is a question and answer site - THE ANSWER AND ADVICE HERE IS ...
Mandates8/1/2010
  Q: Can a manufacturer appoint more than one mandate - I don't know whether I am right in my assumption ...
  A: Have you not read and studied URPIB rules on www.itsi.itgo.com - Those rules cover every aspect of ...
Mandates7/31/2010
  Q: Can a manufacturer appoint more than one mandate - I don't know whether I am right in my assumption ...
  A: (1) Mandate ship?You are correct in your assumption but only in its very basic form- The matter of ...
Intermediaries/Mandates7/30/2010
  Q: I am new to this and am wondering why a major, international commodities firm would refuse to work ...
  A: And! They have a right not to work with an intermediary? They have the right to only "Sell" goods to ...
Coffee7/26/2010
  Q: So relieved I found this site! Basically I have been asked by a friend who runs a small cooperative ...
  A: I advise about matters to do with trading as an intermediary - You are talking about something ...
exporting wine to the USA7/21/2010
  Q: I currently run a small wine tasting tour company in France, I am English. Many of my American ...
  A: This is a homework question. Also note we do not answer anymore vino questions- Simply refer to all ...
Whats the most efficient way of finding buyers?7/16/2010
  Q: I own TWIY2 and "follow the yellow brick Road" Thank you for writing these books. You are a prophet ...
  A: No.. It sounds all right - You should pull yourself back and head the agency and allow all others ...
Bullion/Gold sales7/8/2010
  Q: I am a great fan of yours and your book which has taught me a lot. I've started an intermediary ...
  A: Follow my lead :- Assume there is a lot more to the whole premise-I could write a book just on my ...
About in house DLC7/6/2010
  Q: First i'd like to give lot of thank's for sharing your previous information.that's a great help for ...
  A: let me give you a deeper insight to the real problems you face- Seller didn't accept In house DLC? ...
Commission Agreement7/2/2010
  Q: Like everyone else, the information you provide is immensely helpful in getting to the core of ...
  A: www.itsi.itgo.com has URPIB rules - in such all matter of commission, such has been stipulated. ...
Delivery and Collection of Commission6/13/2010
  Q: I commend you on your selfless effort to educate us on safe trading procedures. Thanks for the ...
  A: GOOD ITSIThank you for you compliments on ITSI - much appreciate it . You answer is to do with DLC ...
re commission5/29/2010
  Q: i am trying to close a deal,i hope i do!my question is how does the commission work,my seller is ...
  A: Can't answer the question as it too complex for uninformed traders to apply. No ICPO< LOI< RWA< ...
FYBR5/28/2010
  Q: Is the FYBR version books offered by sale at www.brazilianicumsa.com and www.importexportscams.com ...
  A: Good question- Only the name on the www.ftnexporting.com site is a reseller - ...
In House DLC5/26/2010
  Q: I have read quite a few times about issuing an In House DLC to the supplier. As far as my knowledge ...
  A: I assume you have not read about the House DLC application in one of our publications as you would ...
Diamond Intermediary5/25/2010
  Q: Papa, I am new to the intermediary business and I have been reading your book which has been a big ...
  A: You can't. You will waste your time and efforts for nothing. That is why URPIB Rules says NO ...
Finding suppliers of Commodities5/24/2010
  Q: I am considering my self a Sourcing Intermediary. I feel that the information that I have read ...
  A: Good-day mate! Being from Australia it gets a little harder for me to answer questions that goes ...
seminar5/22/2010
  Q: Recently I found this website where I can read your valuable answers, I am very grateful I found it ...
  A: Good you have studies my sites..You can never learn enough in this business- The whole trading ...
Finding suppliers of Commodities5/20/2010
  Q: I am considering my self a Sourcing Intermediary. I feel that the information that I have read ...
  A: One can't just look for "suppliers" - Months or year of study must prevail while you practice ...
Crude5/16/2010
  Q: First thank you for your very informative answers covering all areas. My question is: Can an ...
  A: To long of a question- so I'll keep it short and sweet and proved some insights- also read and study ...
difference5/14/2010
  Q: Please tell me what is the difference between your reading material in your commodity trading manual ...
  A: Good Question. You want to build a car that goes fast or do you want to drive a Ferrari? Both ...
Transferable D LC5/8/2010
  Q: As a inexperienced person, the agency of the seller insist to use the transferable D LC to execute ...
  A: There is no other effective way to close a deal and secure commission unless the intermediary ...
bulk commodities trading4/29/2010
  Q: Mr. Papa, I really have learned a lot from reading your responses on this forum as well as your ...
  A: I try and advise useful information for intermediaries to use- Stick to the doctrine when trading ...
PA DLC, PPI, PG,4/22/2010
  Q: Firstly thanks for all your hard work on this site and the book IT-S-Intermediary I’m now on the 3rd ...
  A: 1. PA DLC's - Would I be correct in saying that if my end buyers bank supplies a PA DLC ...
INTERMEDIARY4/21/2010
  Q: I am really impressed with your expertise.I really need your help to chart a way forward for myself. ...
  A: You need to study for months such procedures then start practicing slowly- You have no question ...
House B/L versus Ocean way B/L4/14/2010
  Q: Davide, I would like to thank you for sharing your insight of the global intermediary commodities ...
  A: My pleasure to share such insight Aris- At last one of the better questions- Waybill is a receipt ...
Questions fom the buyer about mandates4/8/2010
  Q: I have stumbled upon your websites recently and I’m extremely happy that I did. Finally someone who ...
  A: Yes, It's frustrating-Thanks for the compliments. So many have no idea on what they are doing-You ...
How to confirm Nigeria crude oil loaded vessels on NNPC/shell screen london4/5/2010
  Q: Sir, I need to know the procedures and possible websites to confirm loaded vessel document of ...
  A: You can't- and such suggestions are always offered by a fake seller-Either you a have an offer ...
Quantity4/4/2010
  Q: read your book ITSI, I think its great. I have a question about quantity. I plan to focus on ...
  A: You would never sell 10,000 mt of HMS via FCL- the expense of FCL is unrealistic and simply not fit ...
Upfront Payment4/1/2010
  Q: We are a fairly new company that is into petroleum trading. We have recently connected a buyer and ...
  A: Never pay a P.G first..never-The rest is a "How can i close a import export deal " question which ...
used rail selling and buying procedure3/31/2010
  Q: i have a buyer from Canada who wants to buy used rails in Africa and i got a company in UK which is ...
  A: This type of question cannot be answered- the whole application on how to close procedures is a ...
Commodity broker3/26/2010
  Q: Papa, My name is Othman, an Egyptian Commodity broker. I am trying to close a deal to import ...
  A: (a) Wrong-and there is too much to know to be able to explain it to you - so i give you these tips ...
tranferable lc3/24/2010
  Q: can you please tel me if a tranferable LC is safe.. i have a company who can make the product i ...
  A: And there is your problem- The whole FTN exporting doctrine is supported by the issuance of a ...
PB3/21/2010
  Q: I understand the +/- in the volume of delivery in re SPA for D2, but can the PERFORMANCE BOND be ...
  A: Assume there is more to it - but the basis below is sound- It certainly can , and I've done that a ...
How to close this deal3/17/2010
  Q: I have this buyer that want to buy with his procedure that state that, After signing SPA, the seller ...
  A: All Nonsense. In basic form your answer was given- But you failed you understand it . (1)bank's ...
How to close this deal3/16/2010
  Q: I have this buyer that want to buy with his procedure that state that, After signing SPA, the seller ...
  A: It could be a scam . Payment comes first , P.G second- Always As for the rest of the terms used - ...
NO mORE WINE QUESTIONS3/10/2010
  Q: I currently have a basic import permit under a new company that I would like to start importing ...
  A: All wine question have been exhausted-all past answers can be found when reading this reply. Just ...
Urgent Advise plz!3/4/2010
  Q: A friend of mine, who is a skin care professional living in Europe has developed a skin cream that ...
  A: To begin with you can't patent an admixture.So you have a valuable product? Get a good name- ...
Need advise. Steps to get FCO from Refinery3/1/2010
  Q: How are you? I intend to be a buyer/seller in the Oil trade market. In the process of reading your ...
  A: ITSI is about a doctrine- as created my be . A complete legally effective binding application- made ...
Novice in Intermediary business2/22/2010
  Q: I have been reading you responses to question in the allexperts page. I am an engineer and don't ...
  A: ITSI is the first publication of its kind - It's the only effective leading uniform trading ...
Platts assesment2/18/2010
  Q: Davide Papa I would like to take this opportunity to thank you for valuable input to your website ...
  A: I agree, too many sharks and scams in this business. So much needs to be defines so i will give you ...
Trade Intermediary2/12/2010
  Q: We are into trading of Mineral Ores and are trading in Iron Ore Fines/size ores. We buy from the ...
  A: You didn't read anything - If you read it you did not understand it - I answered your question and ...
Trade Intermediary2/11/2010
  Q: We are into trading of Mineral Ores and are trading in Iron Ore Fines/size ores. We buy from the ...
  A: (1)I will give you the basic answers because you have experience- but assume there is a lot more to ...
LC and PB2/6/2010
  Q: How are you? Recently we've tried to establish a business connection between crude oil supplier and ...
  A: It not a "Performance Bond" per say its a "Performance guarantee" and is one of the classical ...
Commission2/4/2010
  Q: Papa, My question is based on your answer below... I have buyers and sellers that I am trying to ...
  A: There is nothing I can add- go to www.ftnx.9f.com read about offers and mandates in FAQ- Go to www. ...
Real buyer, want to know how to get the Seller1/27/2010
  Q: I would like to ask you a question. I have a very real and serious Buyer based in USA. He has over ...
  A: Let me really give you some excellent insight as an experiment- Assume there is a lot more to it- ...
Raw Material Trade Intermediary1/25/2010
  Q: First off I have to bow to you for your excellent expertise and spend time reading this. I'm not an ...
  A: You've done well- I'm also not the best at English , but i speak three other languages- You see ...
RE:Trading using FCL instead of FOB1/23/2010
  Q: I thank you for the great work that you continue to do,my question today is this how does one trade ...
  A: No! your perception is incorrect. It's just as hard to do a CIP (Correct container terms for CIF) or ...
wine broker1/16/2010
  Q: I am in the early stages (very early)of starting a wine brokering venture in the state of Florida. ...
  A: No license is needed- the imported gets his own permits - the supplier needs his own permits- ...
Buyer's Agent1/7/2010
  Q: Papa, During a recent trip to India we met with a company that processes metallurgical coal into ...
  A: You are wasting you time with such agency agreement - To litigate upon dispute with such all the ...
Cargo Insurance12/10/2009
  Q: I made good progress over the last few days regarding my sugar deal, that you were so kind to ...
  A: I did not elaborate on CIF and Container loads because I wanted intermediaries to concentration ...
PG, Transferring Fees12/9/2009
  Q: I read your Expert Advise with great interest and it has helped me tremendously to getting close to ...
  A: (1) Actually the proposal for the LC for the entire contract period came from my advising bank as ...
Secure 12 months contract12/8/2009
  Q: I read your Expert Advise with great interest and it has helped me tremendously to getting close to ...
  A: (1) Thank you for your compliments Dirk. It's all about getting "Close " to a deal in the physical ...
POP vs POF?12/7/2009
  Q: I have come across many different so-called "offers" for petroleum products. Many of them ask the ...
  A: All nonsense- The answer is NO- read past answers on this site- Read www.ftnx.net FAQ Study FTN's ...
Very puzzled!12/6/2009
  Q: Papa, I have gone through your website; found it to be very honest and factual made my head turn 20 ...
  A: I am going to be a little tough on you , so that it all sinks in- it's way of being kind to you. ...
New12/4/2009
  Q: I have been given the opportunity to become involved in trading for in direct connection Gazprom. ...
  A: A supplier ignorant of the facts can ask for any method of application they wish for - If they ask ...
is this real11/29/2009
  Q: 10M x 12 JP54 Houston. Pricing is 12/8 Discount using Gulf Platt We will not do fixed pricing so ...
  A: May be it's real- Who knows. As far as intermediaries are concerned it's rubbish, even if its 100% ...
L/C transfer11/26/2009
  Q: My question was must I be in the same country or should I have an account with a bank as same as of ...
  A: NO ..But understand this - If you live in lets say the USA and have an account in lets say Hong ...
Secure commisions11/25/2009
  Q: Papa, I have a buyer and seller ready to trade in D2 oil for 12 months. I am in touch with the ...
  A: The question you asked indicates to me you have a lot more to worry about than just being ...
Transferable RDLC11/21/2009
  Q: We are a reseller company in oil and rice trading business. our contracts are consisted of year(12 ...
  A: resellers? Correctly defined- You mean intermediary "Buyer/seller" - You buy from supplier as Buyer ...
Amendments11/19/2009
  Q: I am an intermediary. The buyer of a sugar deal I have says these amendments are standard ...
  A: Your are a Intermediary ? But? you a not ITSI or FYBR V informed intermediary ? Otherwise you ...
DLC Conditions11/11/2009
  Q: Davide Papa Thank you for your expert advice. I know I have asked a lot of questions and I hope you ...
  A: You need to know a lot to get his application right- The Pre advised UCP 600 is Irrevocable DLC ...
oil trading11/9/2009
  Q: I have been asked to help secure a bank letter of credit for a transaction involving the sale of ...
  A: It's rubbish..They don't have anything- They think that by getting a BCL they can go to the Russian ...
Step by Step Oil Contract11/7/2009
  Q: David, I am in the infancy process of putting together a strong crude oil deal. I need a step by ...
  A: You need to study and learn FYBR as advised on my website- it takes months of study learning and ...
Gazprom D2 oil offer11/4/2009
  Q: You have been a lot of help to me in the past and I thank you so very much. I trust no ones advice ...
  A: It's a fake- The person giving it to you thinks it s real- intermediary chasing intermediary Good ...
Background Checks10/24/2009
  Q: Your inputs here are very helpful. Thanks a lot for your contribution. I am glad that a place such ...
  A: I think you've missed the point somewhere- You are not a financial reporting company or bank or the ...
Background Checks10/24/2009
  Q: Your inputs here are very helpful. Thanks a lot for your contribution. I am glad that a place such ...
  A: Such a nice compliment deserves a good answer- The basis of the whole intermediary trading ...
How to secure my commission as a S.I.10/22/2009
  Q: I'm aware of your existence since last monday 19th of october. I appreciate very much your advice ...
  A: (1) All been stated in past answers- Learn effective intermediary procedures and become the actual ...
spot deal10/20/2009
  Q: Davide Papa My friend has lost $90,000 through fraud. My friend nominated a vessel (that did not ...
  A: Intermediary sellsw FOB - the End Buyer orders/Charters the ship. Not the intermediary buyer but ...
maritime law10/16/2009
  Q: Davide Papa My friend has lost $90,000 through fraud. My friend nominated a vessel (that did not ...
  A: (1) There are no $90,000 oil deals Nobody is going to ship 200 to 300 MT of crude oil - Thats ...
D2 deal almost done!!! Part 210/15/2009
  Q: Papa, Based on further reading of past answered questions presented to you, I can see ...
  A: Again thank you for your compliments - Only those how have purchased my publication on my site can ...
D2 deal almost done!!!10/15/2009
  Q: Papa, I have in my hands a D2 and jet fuel supply deal pending a buyer. In Texas I ...
  A: Let me try and steer you in the right direction. (1) But you have no supplier- You only have ...
Performance Guarantee10/14/2009
  Q: We have agreed as buyers to a DLC to be issued to the seller and have asked the seller for a ...
  A: Right on- It is a risk. Lack of knowledge also contributes to the process of a problematic deal. ...
Performance Guarantee10/13/2009
  Q: We have agreed as buyers to a DLC to be issued to the seller and have asked the seller for a ...
  A: I am assuming Bulk carrier deal and not Container deals are in play- In basic form- (1) ...
Oil take over10/11/2009
  Q: Am just a student and am trying to understand the oil business. Is there such a thing as a crude oil ...
  A: Yes There is such a thing- especially for the offshore Biafra (Angola) Ocean delivery (Owned by ...
urgent10/9/2009
  Q: pls i want to know how i can become an internatoal crude oil broker. i need more information and the ...
  A: Ostensibly being the one of the very few Intermediary experts on the planet, I can tell you that ...
Contract deal9/30/2009
  Q: I am doing a contract deal for 12 months, as the PIA I have discussed with buyer to open a PA UCP ...
  A: Non cumulative revovling credit- (in the USA it's somtimes referred to "evergreen credit") A credit ...
Contract deal9/29/2009
  Q: I am doing a contract deal for 12 months, as the PIA I have discussed with buyer to open a PA UCP ...
  A: You have to guarantee the whole contract otherwise the buyer will buy one shipment and cancel the ...
transferable dc9/28/2009
  Q: good day,my quetion is ,in transferable L/C who has the right to add his confirmation and is it ...
  A: The "end buyer" Issues a UCP600 DLC to the intermediary, defined as the "Seller" - The seller ...
FOB/CIF9/28/2009
  Q: Davide, Thanks for the PPI cert. info. We got quote from supplier, then sent our quote to end buyer ...
  A: How can I advise on such a matter? I am here to answer straight forward questions- You now ask me ...
PPI Certificate9/24/2009
  Q: Mr. Papa, Just got on this site and yours and I know you have heard it dozen times, doesnt hurt to ...
  A: (1) Guide me on getting the PPI certificate. Where and how so I can get to the issuing bank to ...
transferable credit9/16/2009
  Q: how can advising bank transfer a transferable credit confirmed and available with nominated bank ? ...
  A: You question in ambiguous- and not clear- Let me see if below may give you the answer- (a) Then ...
transferable credit9/15/2009
  Q: how can advising bank transfer a transferable credit confirmed and available with nominated bank ? ...
  A: You need to learn intermediary effective procedures fully to understand the answer , neverthless ...
Method of Payment9/13/2009
  Q: very informative. Is this safe to accept as method of payment? Buyer bank do NOT accept issue BCL ...
  A: I assume you have asked for a UCP600 DLC from the buyer.I assume you have secured the offer from ...
Intermediary procedures9/7/2009
  Q: I have been reading through your answers and still have a few queries regarding this industry. I ...
  A: There is no way to EFFECTIVELY protect commission as a sourcing intermediary- you must become a ...
Importing wine from France9/7/2009
  Q: I am of French heritage, and my wife and I think it would be personally rewarding to import wine ...
  A: All wine question are Exhausted-It's all been said- Please refer to the vast information about wine ...
Exporter Licenses9/4/2009
  Q: We are a small start-up company that will export wines directly from Washington state to China. We ...
  A: Follow my lead -ASSUME THERE IS A LOT MORE TO KNOW- If you are selling wines for export - then you ...
Products Specification8/31/2009
  Q: In my quest to secure supply, i believe my Inquiries are always being trashed due to inappropriate ...
  A: Send me an inquiry- See how I answer it. Send it to davide_ftnexporting@yahoo.com.au I have ...
crude oil sale intermediary procedure8/28/2009
  Q: Northern Africa oil producer is willing to appoint us as its intermediary for crude oil sale to ...
  A: I can't simply explain such complex procedures - It takes months and years of study and ...
D2 gost 10585-758/25/2009
  Q: Papa I had a good buyer from China on D2.. I am looking for a good reliable supplier.. So many ...
  A: Buyers are not the problem- Getting real supplier is - First rule is secure supply. Nobody is going ...
OSTENSIBLE AUTHORITY8/4/2009
  Q: In my ceaseless quest for ostensible authority on an eventual real supply i was able to secure one ...
  A: Again wrong place, wrong question- Let me give you some insight- I have 20 tons of frozen chicken ...
Book?7/30/2009
  Q: Do you happen to have a book that one can buy to read up? Thierry.
  A: Go to itsi.itgo.com front page which has reference to Gowers Link- FTN exporitng Publication is ...
HSFO cst 1807/25/2009
  Q: Many thanks Papa so much for the learning curve patience and commitment. I would wish to know the ...
  A: Read carefully- FYBR study application- You act as a Buyer seller . The first rule, the golden ...
HSFO cst 1807/23/2009
  Q: Still in a mess in securing a supplier for HSFO cst 180 from a mandate to be of an end-buyer in ...
  A: Product is not on the www.ftnx.9f.com This is the wrong forum for such a question- It's not that ...
Russian Export Proceedures7/22/2009
  Q: Sir, Must one obtain a transaction code to export products from Russia via RNEMA RUSSI ...
  A: I am not sure what you are saying- A Government backed agency has its own internal process- just ...
HIGH SULPHUR FUEL OIL cst 1807/18/2009
  Q: Honourable Papa, Kindly advise precisely on where and how to secure supply for HIGH SULPHUR FUEL OIL ...
  A: Wronng type fo queastion for thsi site- You need to source it yourself - You need to secure supply ...
Bank Guaranty7/16/2009
  Q: Good day Sir/Madam We are sika Kasa Mininig company We write to seek for your Service We ...
  A: If you have the gold as "supplier in possession" then advise me on davide_frnexporting@yahoo.com.au ...
Securing A Supplier.7/8/2009
  Q: Many thanks for all the continual supports and head ups. I would like to have further advice on what ...
  A: If you are asking a supplier for crude oil then thye MUST give you a quote or offer -MUST. If you ...
Verifying a supplier.7/6/2009
  Q: I would need a great help as to how i can verify a SUPPLIER that i might think i have through a ...
  A: The offer provided or "Request for a quote sought" is the very first thing that is obtained- If you ...
WINE IMPORT7/3/2009
  Q: I have read a recent article from a fellow wine importer but I have a slightly different ...
  A: This site is for intermediaries- that is; a Buyer of goods buying from a Supplier and reselling to ...
AGI URPIB REGISTRATION FORM.NO CHARGE: First Year Registration6/25/2009
  Q: Fundermentally and Technically i strongly agree with you that i should commence the practicable and ...
  A: Yes that's the only way to really be 100% safe. You can use intermediaires to source end buyers BUT ...
D2 Gas Oil and Crude Oil Supplies6/25/2009
  Q: Papa, I am uttermostly grateful for the prompt and genuine set of unavoidable procedures you had ...
  A: Much appreciated. Great effort and nerves of steel were needed to challenge the flawed procedures ...
Bonny Light Crude Oil6/23/2009
  Q: For the past 5 years I have been pursing sourcing intermediaries in Nigeria to obtain bonny light ...
  A: You cannot make a move nor pay anyone any money or do any such steps to start negotiation unless ...
import export INTERMEDIARY mentorship6/23/2009
  Q: Surfing the internet for ages @ times without stumbling on such a great value added edge like yours ...
  A: I know what you are feeling I wasted 6 or 7 years doing the same when i started in 1988. I went to ...
Transport/Contract Q's - Pick up wine FOT in ARG -- Selling CIF to China -- Ownership pass?6/22/2009
  Q: I am following up from our last correspondence. As usual we must thank you, as you were nice enough ...
  A: You are asking me t transverse the whole trading application because everything is branches off to ...
From past failures to hopefully a diferent future6/17/2009
  Q: Mr. Papa, I wish I had come across your website a few years ago! Not knowing anything about this ...
  A: I know what you mean-It's terrible out there- The Business is indeed Viable, exciting - but tough. ...
Documents6/12/2009
  Q: Pls I wld like to know the documents that is required from anyone claiming to be a mandate agent of ...
  A: Go to http//: www.itsi.itgo.com -Mandate advice is offered in FAQ and other page marked "Mandate' ...
FYBR purchase6/8/2009
  Q: You can be sure that i will take this matter further. I have consulted my lawyer and he's made it ...
  A: My pleasure- although I can't recall the question nor situation-I looked back at past answer and ...
Final stages of putting together a FOB sale of Arg Wine to China6/5/2009
  Q: I emailed you a few months back when I was beginning a business with my mother. We were aspiring to ...
  A: There is really no question here- You are asking about a whole doctrine. See if I can spread some ...
Re. export import6/3/2009
  Q: I have recently started my export import trading co. I have good contacts in Saudi and am sourcing ...
  A: I can't advise you on such a question-It's too complex- i can't advise you on how you must conduct ...
Have Buyer But in need of real seller....5/30/2009
  Q: I have the buyer ready to buy D2 for a contract 500,000 M/T x Month for 12 Months. Now the problem ...
  A: It's an ongoing process from the monment you get the offer until closing. It all starts with the ...
PA ITDLC and DLC5/28/2009
  Q: How long does it take the bank to verify certificate of goods as defined in the contract so that the ...
  A: A Bank verifies nothing- A Bank under UCP600 Rules is not allowed to take part in matters related ...
PRE ADVICED DLC & NON OPERATIVE DLC5/26/2009
  Q: I am back again with another questions. I took notice of your recommendation to post my questions ...
  A: Please follow the answer to your questions below-most of which are covered in URPB rules found on ...
ARGENTINEAN COMMODITY EXPORT5/19/2009
  Q: In first place I would like to give my greatest THANK YOU! Your information available on the ...
  A: But it's a process- I can't teach you the process on this formum.Nor can I interact with you on this ...
How can I get real buyers/Mandate of Crude Oil5/15/2009
  Q: How do one get to really meet with geniuine buyers or buyers mandates of Crude Oil.I am from Nigeria ...
  A: They are probably all fake mandate holders - I have written so much about mandateship- please read ...
Commission5/12/2009
  Q: since a couple of month we are connected to a sellers mandater. Can you explain what is the normal ...
  A: You can't simply become a mandate holder of a principal. Intermediaries think that because they have ...
seller procedures5/10/2009
  Q: I have a seller who implements this procedures.Do you think this procedures are workable?If so, ...
  A: Do you have the "supplier in possession " of goods or do you have a "seller" If it's a ...
seller procedures5/10/2009
  Q: I have a seller who implements this procedures.Do you think this procedures are workable?If so, ...
  A: IF You as an intermediary introduce the buyer to the seller at Number one - Goodbye to deal- You ...
can't find real buyers5/4/2009
  Q: it took me over one year to find a real suppler of crude in qatar. i keep running into same BS ...
  A: No BCL, MT , ASWP, LOI, NCNDA, MPA, ICPO..etc You need to learn good clear procedures to ...
Is there a way to protect a source intermediary from being stiffed by controlling intermediary?5/1/2009
  Q: You last Q&A was on the schematic: Thus as per below typical string contract Schematic- (1) ...
  A: No you can't - The chain indicates that only at the end of the actual offer stage only- Three people ...
Commission4/30/2009
  Q: since a couple of month we are connected to a sellers mandater. Can you explain what is the normal ...
  A: Did you read URPIB rules on my site? - www.itsi.itgo.com A real mandated "seller" acts on behalf of ...
Oil Intermediary Transaction via Trade Lawyer or Agent Consultant4/29/2009
  Q: I understand that intermediaries cannot deal in primary contracts, rather only secondary contracts ...
  A: I can see my your question that you have taken note of my advice-thus, a good answer is required. ...
mandate4/28/2009
  Q: what are the procedures for acting as mandate/intermediary when dealing with gold please?
  A: Did you read my last answer re: Mandate- Please go to www.itsi.itgo.com and read matters regarding ...
Mandate4/28/2009
  Q: what are a mandate's responsibilities and how is his commission determined?
  A: FYBR IV s defines it clearly- As for mandate holders- Anyone claiming to be a mandate holder of a ...
seller bank check buyer bank4/17/2009
  Q: Davide Papa, I am dealing with a buyer party who wants to buy a big amount of D2. Point is buyer ...
  A: I'm not sure what you are saying? Everything mentioned is unworkable- Sellers bank my check buyer ...
LOI, BCL, ICPO4/11/2009
  Q: Not a question, but maybe information of interest to you? I've read with great interest your ...
  A: help? Perhaps you can give me up to date shipping quotes from time to time- The question and ...
London Shell Screen4/10/2009
  Q: Recently our company has received many offers to sell, with 'Proof of Product' available on 'London ...
  A: No for use by intermediary- trash immediately- More misguided intermediaries-usually Nigerian ...
Buyer/Seller4/6/2009
  Q: I've read many of your answers with great interest. Apologies in advance if this question has been ...
  A: Both legal and ethical-Yes. Ethical- A supplier of coal can't find end buyers- If it does not get ...
Start up costs4/5/2009
  Q: I enjoy reading your articles. I, like most others, want to start an import/export business. I ...
  A: it's all about learning procedures as it's effectively applied specifically for, intermediary use- ...
Documents3/31/2009
  Q: I understand that an intermediary has to keep the buyer and seller apart but eventually they are ...
  A: Assume the answer is No OUTRIGHT - THE sellers INVOICE IS REPLACED WITH YOUR INVOICE HENCE , THE ...
Bauxite Ore Indonesia Draft Contract.3/30/2009
  Q: I have been reviewing your answer from couple of days and its been great help to me in Moving ...
  A: I am prepared to answer ONLY basic intermediary questions to help confused trader and nothing more- ...
fail to report3/26/2009
  Q: if the first consignment arrives at the port of Hong kong(buyer)if the goods where damaged or ship’s ...
  A: if the first consignment arrives at the port of Hong kong(buyer)if the goods where damaged or ship’s ...
fail to report3/26/2009
  Q: if the first consignment arrives at the port of Hong kong(buyer)if the goods where damaged or ship’s ...
  A: Your question is too far broad-I can only give insight- You did not explain yourself fully - ...
Shipping Terms and Condition3/25/2009
  Q: ! I am bit Confused with the Shipping Language Eg: I have 5000 ton of iron ore cargo from Haldia ...
  A: You are not meant to concern yourself in shipping terms- that's a different practice-You sell ...
Trading Terms Used For Gold3/19/2009
  Q: First I want to state I'm very naive when it comes to the world of international trade but I'm ...
  A: Aurum means Gold -Utalium means nothing- and was thought to mean "Utility or useful"- Thus Useful ...
letter of intention3/14/2009
  Q: Davide Andrew, I send you this draft of letter of intention. Because, i want to get know if this ...
  A: Again..intermediaries cannot deal in PRIMARY contracts- Only secondary contracts- you cannot reveal ...
Bauxite Ore & Iron Ore Business3/12/2009
  Q: Can you give us some Link where from we can know the basic of these Procedure so we can follow them ...
  A: I am ostensibly the leading intermediary expert on the planet- My publication is the first of its ...
Bauxite Ore & Iron Ore Business3/11/2009
  Q: My Office In Shanghai and i have Few Buyers which are end User of this Product. My Market is for ...
  A: There are too many answers here-I cannot answer such as it's all about procedures which are all ...
Import and distribution licenses3/8/2009
  Q: Good evening David, We are starting an import and distribution company in South Florida to import a ...
  A: Your question has been answered - regardless if its sugar, wine, vitamins or whatever- the same ...
Import and distribution licenses3/6/2009
  Q: Good evening David, We are starting an import and distribution company in South Florida to import a ...
  A: Statutory business registration and the meeting of such requirements is one thing- I am sure if ...
purchasing light crude oil3/3/2009
  Q: I am in contacts with a oil refinery in Asia who is desperately trying to find large quantities of ...
  A: (1) First Mistake: Never seek buyer first- Supply always comes first. When you have supply then you ...
oil trade realistic commisions2/28/2009
  Q: What will be a realistic commission as intermediary. Say for the so mention d2 Russian or jet fuel. ...
  A: The answer given is for all volumes- Now you are asking questions on how to spot scams- that takes ...
oil trade realistic commisions2/28/2009
  Q: What will be a realistic commission as intermediary. Say for the so mention d2 Russian or jet fuel.
  A: Your are talking about cents per gallon- or 1.0-to 1.25% range per MT and that's for everyone AS A ...
Chilean export laws2/26/2009
  Q: I am a licensed import customs broker and i recently started working importing wine from Chile. My ...
  A: The problem with your question is that its way to complex of an answer to give in this forum-BUT ...
sourcing skills2/19/2009
  Q: Pls Davide, i need this very important advice from you. I have been learning from you for years now. ...
  A: Sourcing is a skill on its own- it takes time and it's not easy - you are competing with millions of ...
Agent of Oil Company2/17/2009
  Q: Benefiting from my wide range of business relations, I have accumulated a worth database of ...
  A: You can't simply "Start trading" it does not work that way- It takes years of sourcing , learning ...
Form of Letter of Credit2/16/2009
  Q: Davide, I've purchased your FYBR publication and is slowly making progress thru it. My scenario is ...
  A: I think you purchase FYBR from Kamal our reseller thus you should really be asking such questions ...
Bill of exchange2/14/2009
  Q: I have been importing wood from ireland by way of guarenteed bill of exchange, at the moment there ...
  A: I generally don't answer such matters as intermediaries don't deal in such instruments-(not as per ...
importing2/11/2009
  Q: S. The customs broker has asked me to sign a power of attorney to be able to handle the importing of ...
  A: Custom brokers are about procedures for the clearance of customs and getting goods to you ...
Transferable DLC2/10/2009
  Q: Your answers on this site are very clear and a great help. I have two brief questions. Firstly, if ...
  A: Since an intermediary is required to only ask for a UCP600 TDLC, then UCP600 rules prevails- in ...
dealing with manufacturers on Alibaba2/7/2009
  Q: Sir, I will like to know how your procedures can be applied to manufacturers we see on Alibaba and ...
  A: Always take the information given , search the internet and look for flaws in the advice given- if ...
Internatinal trade Schooling for Intermediaries2/2/2009
  Q: Hope you are doing well! What programs or Degree might also aid one who is in the business of ...
  A: Many Universities have international trade course- and usually certificate 1 up to 4 taking around ...
What is DLC?2/1/2009
  Q: David, What is DLC in Import/ export trade?
  A: In the simplest form,please be advised of the following- Any one can write a 'Documentary letter of ...
Bank guarantee - draft1/20/2009
  Q: I have a business in Greece, importing batteries. So far, I pay an amount as downpayment and the ...
  A: I am not sure what you mean- Many conclusion can come from what you have written-You have answered ...
Selling wine from Argentina + Spain in Singapore and mainland China1/17/2009
  Q: Let me first say, your answers to other people's question have been incredibly informative. I thank ...
  A: What ever you buyer asks for as a matter of labels has to be applied as a matter of contract- As a ...
Intermediary trading1/16/2009
  Q: Davide I am looking for any of your books, FYBR or TWIY etc. Not too easy to find on your website. ...
  A: Follow the Yellow brick road 'FYBR" is our current FTN exporting in house publication- TWIY(The ...
Verification of Funds1/16/2009
  Q: DavideAndrew Papa, We recently got approached by a company to assist them in getting a Proof of ...
  A: Don't waste your time on such a deal- Intermediaries cannot work with such lame procedures- I doubt ...
URPIB1/5/2009
  Q: I have searched everywhere for a copy of FTN's URPIB - The Uniform Practices for Brokers and ... ...
  A: Go to www.itsi.itgo.com latest edited short form URPIB has been listed this week- Hope it helps ...
Next step on securing myself in oil trading deal.1/4/2009
  Q: I am a single mom with 4 young boys,running a small business wanting to get more versed in this oil ...
  A: 4 children - What a hand full- and you are attempting to close such a deal as well..? You can't be ...
Intermediary1/3/2009
  Q: I’ve recently started to look into the fuel/commodities industry to decide if becoming an ...
  A: No an intermediary does not nor NEVER ever uses his own money, hence the said groups advice as ...
Licence12/19/2008
  Q: We are an Italian based trading company and we promote Italian food and beverage in the Eastern ...
  A: I DON"T ANSWER ANY MORE WINE QUESTIONS, AS PAST ANSWER ARE PLENTY OF THE SUBJECT MATTER-BUT I WILL ...
D2 Contracts "what happens now"?12/17/2008
  Q: We have sucessfully put real buyer with real refinery which resulted in a 12 month contract for ...
  A: What happens next? Everyone gets circumvented- if the deal is real. Excuses will start coming ...
right Procedure is what procedure D2 Oil Deals12/14/2008
  Q: D2 Oil 30M MT Deal SPOT We are novice and found contact on the internet Seller's Side contact and ...
  A: I don't like to see intermediaries get shafted, hence i will reply to your question in very basic ...
New in the busines, need to know if I'm going the right direction.12/10/2008
  Q: 1.I heard you can make a nice living is this true? 2. What procedures can I take to find who's real ...
  A: Yes Kamal is one of my resellers (owner of : exportimportscam) but as already stated in my last ...
yet another Argentina wine question12/10/2008
  Q: I have been looking at your past answers regarding wine export from Argentina to foriegn countries ...
  A: Pro forma invoice is issued - customer pays up front - you ship the goods- It's done through ...
Irrevocable Transferable Letter of Credit12/9/2008
  Q: Jose here from Caroline Springs, Melbourne VIC, Australia. I purchased your ebook TWYII several ...
  A: You've jumped ahead - you are dealing in said matters incorrectly- All Australian banks are top ...
importing Wine12/1/2008
  Q: I just wanted to know if you have any advise for me as far as importing wine into the U.S. I am ...
  A: Refer to my many pages of wine related questions already answered on this site There is nothing ...
independent broker, where is the commission?12/1/2008
  Q: i'm independent broker, i just started to do that kind of job. i have the seller and the buyer, i ...
  A: You cannot by form a seller , you must only deal from goods as offered from s supplier - and you get ...
Advice on Concluding an oil contract deal11/27/2008
  Q: I read a lot about you, and I wonder if you can help me. I been involved for the past two years with ...
  A: No chance-unless you are some kind of expert, you'll get circumvented- You have to know little about ...
Wine Importer License11/24/2008
  Q: I will be starting an online wines sales business. I would like to know what type of license I will ...
  A: Statutory Business permits has nothing to do with international commodity sales- The wine ...
Crude oil Answers questionnaire11/15/2008
  Q: mandates calling me about crude oil is there a questionnaire to screen out time wasters i just made ...
  A: Did you read my last few answers in relation to mandateship- Have you seen his mandate ship papers ...
First Step Complete I have a Supplier11/12/2008
  Q: I have finally secured a supplier of D2. The supplier is a trader and as you explained before...is ...
  A: Think about the question? How do you find real buyers? You search the web or yellow pages and find ...
Wine Export11/12/2008
  Q: Papa, we are planning to export wine, made in California, to Asia. We are not wine makers and nave ...
  A: Can't find answer-(LOL) I must have answered this question a million times/ did you really look? ...
Crude Oil11/8/2008
  Q: Papa, I have managed to find a legitimate supplier of Crude in South America,through some political ...
  A: NEVER disclose the source- YOU DO THAT , THEN SAY GOOD-BYE OF THE DEAL- The supply information is ...
Crude Oil11/6/2008
  Q: Papa, I have managed to find a legitimate supplier of Crude in South America,through some political ...
  A: Not a chance- You never go to a gunfight armed with a Knife- Table top meeting not on. Both ...
Blue Screen Offer11/4/2008
  Q: I have to thank you because I have been learning so much from you from this site and from your ...
  A: Tanks for the compliemts- I try to help. It's another stupid nonsensical procedures-offered by ...
How to assure my commission?11/3/2008
  Q: Mr. Papa......I am involve in an oil business. I have de end buyer, but this is asking me for the ...
  A: (A little forceful- but with good intent- as I can see other problems with your question) Let me ...
How to assure my commission?10/31/2008
  Q: Mr. Papa......I am involve in an oil business. I have de end buyer, but this is asking me for the ...
  A: No don't bother with NCNDA - it protects your from nothing- You have to become the buyer/seller- ...
Crude Oil supply10/27/2008
  Q: Papa, Great site! Since 2003, I've travelled to Libya,Turkey,Malta,and Russia to meet "Sellers" who, ...
  A: No i can't recommend anyone , you must study procedures and try to close the deal yourself- there is ...
Crude Oil supply10/23/2008
  Q: Papa, Great site! Since 2003, I've travelled to Libya,Turkey,Malta,and Russia to meet "Sellers" who, ...
  A: You never seek the buye First- Always source and secure supply first and only from a SUPPLIER- ...
PIP Documents and back to back10/23/2008
  Q: I´M a starting BUYER/SELLER agent. At the moment I have not any direct supplier/producer but I have ...
  A: But ! The pre advised DLC has a condition applied that it must first become a no active TIDLC ...
Exporting Agricultural products10/22/2008
  Q: Papa: I have been reading some of your answers to the questions posted and I am really impressed by ...
  A: Yes! many commodities are controlled by co-operatives, thus nealry impossible for intermediaries to ...
wine imports to USA10/21/2008
  Q: I have been in the wine trade for 20 years in various capacities..As a non-us citizen who spends a ...
  A: Read and study the very detailed answers given already on wine- then ask specific questions- I have ...
about crude oil marketing10/16/2008
  Q: I'M STARTING FIRST APPROACHMENTS WITH REFINERIES ON BEHALF OF AN OIL EXPORTER OF CANADA. PLS INFM ...
  A: MT type of payment are internal bank applicaitons for transferring money- Intermediaries cannot use ...
mandate crude oil ftn exporting10/14/2008
  Q: mr papa,i must thank you for the wonderful job you are doing which enlighting people on how they can ...
  A: But that's where your sourcing skill comes in- thats what makes your business valuable - you ...
Education in Oil and Diesel Trading10/13/2008
  Q: I understand and agree with you completely. Out of my own experience I also, never saw a cent after ...
  A: This is the problem- FTN exporting is in a very special position as being the only noted ...
Argentina10/11/2008
  Q: We are going a private label from Argentina. Our Argentina lawyers and winery says we need to trade ...
  A: No, there are serious issues here- that I can only give basic insight to; Think about the ...
D2 Deal 12 month /1 month DCL?10/7/2008
  Q: Davide I have requested a RFQ from the supplier, he came back with these terms Payment Terms: BY ...
  A: That's nearly right- A UCP600 Non transferable non cumulative revolving Documentary letter of ...
Intermediary in sugar trade9/26/2008
  Q: I have a question about what i need to become buyer/seller in an international trade. I understand ...
  A: You see Daniel, you may think its a small question you have asked but in fact is very complex- hence ...
Iron Offer9/2/2008
  Q: Where can I get buyers of Iron (Rails), we have many offers of rails.
  A: This is the wrong forum- You need to source suppliers- this takes tim- Search black sea area-plenty ...
Documents and Procedure to export9/2/2008
  Q: I am in South Africa. My friend from Zambia and I have been asked to sell copper ore by owners in ...
  A: Wrong forum, wring type of question- All answer you need to know , go back to all the pages i have ...
POP before financial instrument is given8/30/2008
  Q: From studying TWIY II, one of the dilemmas I see already is this issue with POP before financial ...
  A: (NO SPELL CHECK ..SO FORGIVE AS I WANT TO GO IN DEPTH WITH THIS REPLY) Thank you for you excellent ...
representing "undisclosed" suppliers...and question about HMS 1 and 2 prices.8/28/2008
  Q: Still trying to digets the TWIY reading. Thanks for all the mentorship so far. I have one ...
  A: Always a pleased to help- so long as you are learning- Yes it's there in TWIY- (1) But if it's a ...
Reply to Answer...MT 799 and BGs8/25/2008
  Q: I guess my questions stems from the past couple of HMS 1 and 2 deals I've been trying to conduct, ...
  A: Keep away from scrap metal dealers-is my advice- if i contact Exxon Mobile and they reply to me - ...
Question about MT799 and Bank Gaurantees8/20/2008
  Q: I've purchased your TWIY literature and had some great conversations with Kamal from SouthHall A. ...
  A: As stated in TWIY- You cannot use a bank Guarantee- A Bank guarantee is not a payment ...
new in the crude oil business8/16/2008
  Q: I am novice in this trade and would like a piece of advice in the subject matter. I just got hired ...
  A: Throw the ICPO away-No table top meeting- intermediaries don't work that way- Any intermediary ...
LEARN !!!8/12/2008
  Q: Sir, I'm an Italian girl who lives in Spain, working for an Italian Company, at the International ...
  A: You need to learn basic procedures- It's a study. You study then apply to practice what you have ...
gold bars for sell8/10/2008
  Q: David i am beginner in commodites and I am working on commission and trying to find direct gold bar ...
  A: Keep away from such dealings- You are wasting your time- Too many crooks in the industry, too ...
Current insurance rates on crude oil cargoes8/5/2008
  Q: How has the recent significant increase in crude oil prices impacted insurance rates on crude oil ...
  A: Again only a general insight is provided-as our expertise is aimed at international trade for ...
Current insurance rates on crude oil cargoes8/5/2008
  Q: How has the recent significant increase in crude oil prices impacted insurance rates on crude oil ...
  A: Such a difficult subject matter- as an insight let me advise on the following to give you some clear ...
new in the crude oil business7/30/2008
  Q: I am novice in this trade and would like a piece of advice in the subject matter. I just got hired ...
  A: It's all about acceptable international procedures- It's not easy to advise such matter, as such I ...
Glossary of Acronyms7/29/2008
  Q: Andrew, By accident, my company is shifting gears and moving into the wonderful world of trades. ...
  A: Such terms are flawed and incorrectly applied-Start using them like so many other misinformed ...
Distribution of foreing product in US market7/28/2008
  Q: I was wondering if you could help me to understand the following: We have a product which is being ...
  A: You simply provide the right name to the product-and issue it to Intermediaries to find end buyers ...
1st to buyer, not mandate, and not RWA7/26/2008
  Q: I am friends with a person who has a buyer for D2 and JP-54. I found a refinery, Nortagas in ...
  A: Nobody is RWA- intermediary must obtain offer, and contract from supplier this will take at least ...
D2 Commission7/22/2008
  Q: I am new to trading D2. Can you let me know where to locate information on commission structure for ...
  A: i have given a part sample of the intermediary export publication on www.ftnexporting.com- have you ...
selling wine to China7/21/2008
  Q: I have read your answer to the bonded winery question on 10/31/2006 regarding shipping to China. I ...
  A: No Incoterms EX WORKS, means you sell at factory floor , and at factory prices- the Intermediary or ...
wine import in newzealand7/20/2008
  Q: I have a prospective supplier of wine in india and i want to import the wine from him,please suggest ...
  A: Samples apply at the local post office- No more than a few cases- as such samples are exported via ...
Bulk REO Sales7/15/2008
  Q: I recently read your answer on mandates for an oil purchase. I am a licensed realtor who is ...
  A: www.ftnexporting.com has TWIYIII publication as created by me- It applies to use strict laws of ...
exclusive vs. sole agency7/8/2008
  Q: I very much enjoy reading your answers, esp. those related to the import/export business. Please ...
  A: Too complex again- so here are the approriate insights to draw from- No- "Exclusive Agency" is in ...
exclusive vs. sole agency7/5/2008
  Q: I very much enjoy reading your answers, esp. those related to the import/export business. Please ...
  A: Too complex of a- Let me simply define it- ie- A mandate ship (Very difficult to get- only very ...
fully funded transferable lc6/29/2008
  Q: Straight forward scenario. I'm the middle man; My supplier gives price £XXXX amount i then add £xxxx ...
  A: I can't explain 500 pages needed to learn and study correct trading procedures-You are trading ...
"Custom Agreement" / custom formalties for wine branding6/27/2008
  Q: I have a situation were a U.S. distributor of foreign wines is requesting a "Custom Agreement" for ...
  A: I don't know what you mean, because what you've defined does not make sense as a matter of ...
trms of payment to an exporter/we are bueyr6/26/2008
  Q: Below is what i received from the first time exporter to us, Will this method of paymnet be secure ...
  A: Under no circumstances- Even if port trouble were resolved overnight. Destination as best is ...
Novice intermediary6/25/2008
  Q: Davide, Thank you so much for your sharing your knowledge and insight as far as intermediary is ...
  A: You must have purchased TWIY through Kamal (USA)Excellent! I am glad you are willing to learn- Yes! ...
Resolution to Closing6/25/2008
  Q: Good Day - Mr. Davide Andrew Papa. I had a questions for you. I have been acting in global trade for ...
  A: This is a big question - Naturally I cannot cover all Angles-You must study and learn intermediary ...
finding real buyers6/23/2008
  Q: I am just starting out in this so i am sure i could use your help. i have basara light crude oil to ...
  A: LOI what's that..? ( Get my point!!!- Your procedures are flawed and incorrect right from the start) ...
Italy - Asia - Australia6/13/2008
  Q: Ciao David, Here I am again! I hope my english has improved since last time I submited a question to ...
  A: I am not sure of your Question-The terms you use could mean so many things-"Agent on behalf of ...
RE: Importation of Cereals6/12/2008
  Q: I would first like to commend you for the good work you are doing. My name is Symon and I have an ...
  A: much appreciate it- But the question you asked covers the A to Z of intermediary trading- So many ...
OIL/Russia: intermediary vs. trader6/9/2008
  Q: for methodological reasons (writing an article) I look for a definition of oil trader and ...
  A: Unless the Agent works for the Russian oil company as an employee or mandated agent-FOR WAGES, then ...
Exporting Wine License6/3/2008
  Q: I have read through a number of your past answers and have found them very helpful. I thank you for ...
  A: The license to export is held by the winery- you are a "seller" not a "producer/supplier" - you ...
sourcing intermediary6/2/2008
  Q: Sir, DO YOU THINK THAT A GOOD SOURCING INTERMEDIARY- NO MATTER HOW WELL INFORMED CAN EVER BE A ...
  A: Understand this FACT: 99% of all so called " intermediaries" are trading in nonsese LOI/BCL/POP- ...
Import5/28/2008
  Q: I will first give you an overview of the situation and after I will ask my questions. I have found ...
  A: If you are Physically buying the goods using your money then sure you are considered to be a ...
Two questions5/27/2008
  Q: How does one, as a sourcing intermediary obtain procurement mandates from i.e. mines and once that ...
  A: The question is way too broad and amibiguous - You cannot "procure " mandateship- it's conferred to ...
Consulting5/4/2008
  Q: I previously asked you a question in regard to a Banana deal I may be able to proceed with. I ...
  A: It's now May? the busier I get the less I can offer other services-Some months I am very busy some ...
Selling Wines via website4/29/2008
  Q: Davide I would like to set up a website and sell imported wines to the US market. I have ...
  A: I'm Located 22,000 Kilometers from your country-Hence matters of tariffs , taxes and the likes has ...
banana deal4/28/2008
  Q: Lets say for example a large banana deal of which the buyer is owner of banana vessel to pick up ...
  A: Again I've used CAPITALS in reply - Big questions lik this are very difficult so excuse any ...
banana deal4/23/2008
  Q: Lets say for example a large banana deal of which the buyer is owner of banana vessel to pick up ...
  A: .You've made effort to provide as such..lets see if I can Shed more light on the subject matter-I ...
What they stand for LOI+BCL+POP n so manymore?4/21/2008
  Q: Couldn't find the info about those acronym following your instruction. Acronym are everywhere. Any ...
  A: look at the many deals on the net -(You will see many sellers plying procedures who are offering ...
Step back procedure4/15/2008
  Q: Papa, At the moment we are in the middle of a possible LNG deal. On the left side we have the ...
  A: Have you read URPIB- It's all there- If you are in the middle then YOU MUST convert from the ...
Distribution of Products4/4/2008
  Q: Our company is an initial distributor of medical device, (topical gel to heal acute and chronic ...
  A: (1) It's not that easy- You are asking more so a question releated to marketing- You enter the ...
UK Based Export Agent Query4/3/2008
  Q: I hope you can help. I've been asked to find UK based Export Houses - any UK company that buys in ...
  A: if you read the last two past questions back when tou read this reply- you answer applies ...
tramp vessels3/28/2008
  Q: Is there a directory that lists international tramp vessels with boat specs? Otherwise how else ...
  A: I don't understand th question how it relates to tha activity of the intermediary- " No trans ...
RE:How to transfer L/C3/28/2008
  Q: I am interested in importing wine...haha,sorry i couldn't resist that,I would like to write and say ...
  A: You've read my book- ???? It states how to transfer a DLC-Read past answers on this very complex ...
Cargo insurance3/24/2008
  Q: Do you know of the general different kinds of cargo insurance coverage, typical costs and recommend ...
  A: The answers you seek are very broad complex and very complicated--Hence only an insight is given ...
procedure for building/construction3/24/2008
  Q: Since your the EXPert in financial instruments.. here it goes: Typically in international trade ...
  A: let me give you some kind of response, that may help guide your thoughts- This is a study on it's ...
Grain Exports3/7/2008
  Q: I am in the process of setting my Grain business of Exports ,i am wondering about a) The Grains ...
  A: (1) YOU AGREE TO A FUTURE VALUE DATE SAY 90 DAYS DELIVERY- THE DLC IS OPENED AFTER CONTRACT AR ...
State Laws Regarding Imporation of Wine3/5/2008
  Q: Davide, We are a wine importer based in Florida but do business with distributors outside Florida. ...
  A: (Big question- forgive grammar- Spell check failed) I can only give you good guiding advise here-so ...
Commission protection and assurance2/21/2008
  Q: I really enjoy to read your answers here. 1) What is the best way for principal buyer/seller to ...
  A: (1) Thank you for your compliments- (2) With the issuance of ain house UCP600 SLC personally backed ...
Bullion Collection2/18/2008
  Q: How do I go about liquidating a bullion collection? I live in Canada and the coin collection is in ...
  A: Again I have covered most of your answers in general you are now asking specificS- which i cannot ...
Bullion Collection2/17/2008
  Q: How do I go about liquidating a bullion collection? I live in Canada and the coin collection is in ...
  A: This is way outside of my expertise- but let me give you a little insight and be very careful in ...
Suppliers2/14/2008
  Q: I have been a trader for a few years, and have had the chance to meet some of my buyers overseas, ...
  A: First you need a LOI, then a BCL, followed by a ICPO and MPA- Opps..! I'm only joking- Yes ...
Exclusive ageny for wine importer2/10/2008
  Q: Hypothetical situation,I have a vineyard that has agreed to give me exclusive agency rights to his ...
  A: We don't provide such a service anymore- You need an agency agreement- In where for the first year ...
the LNG trade Commission2/7/2008
  Q: it's nice to write to you , so the question is " how is suppose to pay the LNG Dealing Commission on ...
  A: It's a process- and its complex; Please read past answer on this site and read information on ...
Refinery -intermediary commissons2/6/2008
  Q: 1) Do refineries generally give out Transferable L/C's so that we can use their money to get ...
  A: Der Kris- You control the deal- you can only trade as per your applications- Intermediaries must ...
trading in the USA from the UK via Asia2/3/2008
  Q: I run a business in the UK importing various products from China and Taiwan, I wish to expand into ...
  A: Question asked is way to complex- In short you will have no problems using your UK company- no ...
Scanned signs in contract import export1/29/2008
  Q: Papa I want to know if scanned signatures has any value in the international market. For example ...
  A: What's arguable is the intent of the parties wanting to become legally bound- prove the intent and ...
POP1/21/2008
  Q: Why would a major top 200 bank take responsibility and send in SWIFT format a POP for a seller. My ...
  A: (Sorry for spelling mistakes no spell check applied) (1) Article 3 UCP600: basically implied:Banks ...
Import/Export/Deal/Agent/Commission1/8/2008
  Q: David I run a company with two other partners and a number of international agents whom work solely ...
  A: I can't answer such a question- but let me say this "TWIYII"is ideally suited to you, if anyone- I ...
partnerships w/ intermediaries1/7/2008
  Q: Your answers are interesting and entertaining to read, keep up the good work... Im sure you ...
  A: It's all about supply- Information sourced , goods secured from suppliers who many are already ...
procedures, general advice and wafer scrap1/5/2008
  Q: Seasons Greetings! I'm an independent Broker (limited experience, small scale, occasional ...
  A: It there anyway I can answer your many questions in less than 300 pages and less than 3 months of ...
Maunufacturers1/3/2008
  Q: I have 2 questions. I'm a farley new broker for cement, out of the US, and I've been running into ...
  A: My website(s) have these answers-So I'm nor sure what you are stating with the first or second ...
used rail11/13/2007
  Q: Davide how are you? i am in the need of some question of used rail importing my seller required ...
  A: Hello Naveed- I am well thank you- There is no question here so let me give you some genuine ...
Exporting wine question11/12/2007
  Q: I have read through your past answers and have found some enlightenment. I could really use your ...
  A: if you Buy wine from lets say Argentina for selling lets say to Spain and you are in California- ...
LNG Mandate11/11/2007
  Q: First of all I would like to thank you for all the answers you have provided for us (novice) ...
  A: There is no way to effectively advise you- But will give you some correct leading insight - (1) ...
The poor unexperienced middle man - the usual!11/9/2007
  Q: Doing a Deal for IRON ORE - CIF. Working with buyer but only can collect commission from seller. ...
  A: See it all before- It can't work- there is no deal- Never give a P.G before DLC even inoperative - ...
Wine Import and Exclusive Trade11/1/2007
  Q: David, I have read your expert advice on many of these topics and enjoy the education. Although I am ...
  A: The answer is simply too broad to answer - go back to my past wine question, study the ...
Crude Oil10/30/2007
  Q: I have strong connections for securing oil at a discounted price, but need to find buyers. In ...
  A: "I have strong connections for securing oil at a discounted price"- YOU MUST HAVE THE SUPPLIER ...
Supplier's offer10/23/2007
  Q: I am preparing an offer to send to the Supplier. The problem is I don't have yet the End-Buyer, but ...
  A: I'm not sure what you mean- All Quotes are sourced FOB , FCA or FAS or AS CIF, CIP is advised once ...
Petroleum10/18/2007
  Q: Davide, You have experience buying and selling Petroleum? I am looking for an agent to buy some ...
  A: This is the wrong forum for such a question- Please tell me exactly what you need , including grade ...
Please help - Letters of Credit/Can we revoke the contract?10/12/2007
  Q: could you please help us with the following case: National Bank of Australia has paid Canterella ...
  A: I know of the sellers- I'm surprised at what you say,they are good respected operators- But ...
Transportation of cargo10/12/2007
  Q: What are the issues for the transportation of cargo if an Australian company imports raw materials ...
  A: Not really an appropriate question- but let me give you some insight- Tariffs, taxes and duties are ...
OIL LC'S - SCALATION CLAUSES10/11/2007
  Q: Is it save to accept Stand-by letters of credit which do not have a price clause mechanism but have ...
  A: Finally an easy straight forward question- Maria- NEVER accept a SLC for payment of goods-It a full ...
Exclusivity Agreements10/4/2007
  Q: Hey David, Can you please point me in the direction of the best way to get a blank exclusivity ...
  A: Aggggrrrrrrrrrrrr...!Wine questions-I drink the stuff..!Ah well, better open another bottle while I ...
Do I need an export license?10/4/2007
  Q: We are a wine importer, located in Atlanta, GA. We currently import wine from Europe to the US. ...
  A: Please read previous answers- In essence - All documents are secured from the Supplier to you which ...
import from china10/3/2007
  Q: I am interested in importing from China business. I have resource of flower pot stand and they are ...
  A: That's not the type of questions answered on this forum but maybe i can give some guiding advice. ...
Diamond deal9/27/2007
  Q: Gentlemen: I've questions on diamonds. African Suppliers from various nations, case by case, can ...
  A: (1) URPIB:Intermediaries shall not trade in Diamonds- URPIB is available for sale(inexpensive sale) ...
PB, POP and PADLC9/24/2007
  Q: We are buyer/seller agent, the supplier has agreed to issue to us a PB and POP as soon as the ...
  A: Again the questions you asked as bridged into each other and would take too many pages to ...
PB, POP and PADLC9/24/2007
  Q: We are buyer/seller agent, the supplier has agreed to issue to us a PB and POP as soon as the ...
  A: I will give answer Mihn- but your contact and everything else has to be perfect-otherwise you will ...
Agency rules exporting importing FTN exporting9/22/2007
  Q: I have recently expanded my business, i distribute home decor and home supplies. I am still a small ...
  A: It's difficult to find such a private person who is well informed who oould be able to assist you- ...
shipping iternationally9/20/2007
  Q: I have recently expanded my business, i distribute home decor and home supplies. I am still a small ...
  A: You need to get an well informed agent if you are doing the deal- its simply too complex without ...
container shipment went bad9/18/2007
  Q: I bought my own container in Los Angeles filled it full of stuff and shipped it off to Constanza ...
  A: LEGAL DISCLAIMER; THE OPINIONS GIVEN HERE IS A PERSONAL ONE BASED ON THE INFORMATION ADVISED, AS ...
container shipment went bad9/17/2007
  Q: I bought my own container in Los Angeles filled it full of stuff and shipped it off to Constanza ...
  A: I'm not getting the big picture here- Freight and carriage is one charge, Insurance is another, ...
Export Wines9/13/2007
  Q: Mr. Papa, I am intrigued of your profession as a commodities dealer. My ultimate goal is to export ...
  A: then resell as a Seller to a buyer you have secured using his money- this makes you a "buyer/seller" ...
Export import Procedures for a Seller/shipper9/12/2007
  Q: My US-based Limited Liability Company is going to buy Californian wine in bulk and export it to the ...
  A: (To long- excuse grammar/mistakes spell check not working) Besides any other statutory regulations ...
Middleman Commission9/6/2007
  Q: If BCL/POP/LOI /NCND type of deals are simply a waste of time and effort and we cannot close a deal ...
  A: I note the term "If"- Ask yourself the question- Assumptions: What are all the problems you have ...
Crude oil trading exporting advice- Crude oil Seller8/29/2007
  Q: I have been accepted in compliance with Chevron. What would my first obligation be to trade ...
  A: (1) As Seller The RFQ comes to you from your potential Buyer - So that side of such pertains to a in ...
agriculture8/26/2007
  Q: How do I make a draft contrast to re-sell corn? Please help me I am a beginner!
  A: How do a build a plane to fly to carry passengers- i am new to this business and i know very little ...
no respons from ftn agent8/9/2007
  Q: my name is Imad and i have recently send some very valuable information on some products that i have ...
  A: This site is related to export import question, but since you have contacted us here let me say ...
Walmart Sales Agent8/9/2007
  Q: I am looking to a qualified Walmart sales agent to represent my company in the USA. We are based in ...
  A: You are wanting Walmart to take your goods, then its Head office Walmart that you must approach - ...
offers and quotes8/3/2007
  Q: I'm a commencing independent intermediary specializing in the secondary material industry like ...
  A: The question you ask is the whole premise on how to trade as an intermediary- Your answer..? Even ...
crude oil trading7/23/2007
  Q: I was reading your responces with real interest and found them very helpfull. Thanks for that. I ...
  A: Take a closer look at the entities involved- Gunvor is a Swiss based Sourcing group (as well as ...
oil7/21/2007
  Q: Please sir, I have read some WONDERFUL answers to the questions poeple have asked you... please sir ...
  A: It's not that simple- if you don't understand procedures simply looking and a offer won't help ...
African crude oil deal7/6/2007
  Q: i can see that you are an expert,so i will like to help me to understand these points since i am a ...
  A: This is not a question-You really cannot expect me to answer such a question in two pages- You are ...
help with CIF deals7/4/2007
  Q: Davide, i must thank you for your answers to my previous questions. they have been of great help ...
  A: (Sorry John no spell check applied its too long of an answer) This is not a specific question- ...
Importing wine from france to the US7/3/2007
  Q: I am working on a project where we are going to be selling memberships to a vineyard in france. The ...
  A: When you read this go back to previous indepth answer regarding the same question asked for the ...
Regarding export of Ground spices6/18/2007
  Q: sir, i started a unit for making ground spices and mixed masale (Blends) with purity and cold ...
  A: Very difficult, as intermediaries or agents can't resell to make money on such small sales- hence ...
importing wine6/18/2007
  Q: My wife and I have an opportunity to take over a wine import business. My question is can there be ...
  A: Big question so let me give a brief very basic insight to grasp the overall ideal- The answer is ...
further advise on suppliers6/14/2007
  Q: Please can you help with further advise on the best way and techniques for identifying genuine ...
  A: Big impossible question- lets see if i can give some insight:(FORGIVE- TOO BIG OF AN ANSWER TO APPLY ...
product specifications and grade6/8/2007
  Q: I have been scouting around the internet for some days now for information on product specifications ...
  A: I'm not sure what you are asking- Are you wanting to conduct due diligence on specification to ...
Importing Wine for Personal Use.5/31/2007
  Q: I am an architect living in Spain and am designing and planning a development in a wine region ...
  A: Sure anyone can export anything so long as they meet local and statutory customs obligations- Wine ...
Contract details5/4/2007
  Q: First of all you should know that basically we are a Food & beverage consulting firm not for very ...
  A: It's not a bother at all- (1) Did you first produce a procurement offer..? By Producing the ...
Food broker4/23/2007
  Q: I am an entrepreneur in Haiti. I have built a reliable supply chain of agricultural product. I am ...
  A: I can't help the way you would like me to help- This forum is for import export question-Those who ...
Import licence4/23/2007
  Q: First of all you should know that basically we are a Food & beverage consulting firm not for very ...
  A: We really cannot give answers to an on going deal being attemptd- this forum does not work that ...
Contract details4/13/2007
  Q: First of all you should know that basically we are a Food & beverage consulting firm not for very ...
  A: The question you ask is simply to great or too broad for me to reply fully and accurately- So one ...
agent3/24/2007
  Q: I am a producer of agricultural products and i am located in Haiti. I am very competitive on my ...
  A: The question is just too broad and is related more to market research.I'll give you a brief about ...
sending samples to china from chile3/18/2007
  Q: a fedex agent here in chile told me couriers cannot send wine samples to china as apparently it is ...
  A: (1) A few Bottles is a matter for your local Post office- Go to a large local city post office and ...
Locating Crude Oil Manufacturers2/25/2007
  Q: I guess I have been using the wrong term for the kind of business I'm interested in. What I'm really ...
  A: My advice still stands- you are defined as a "intermediary " your position is that of BUYER /Seller- ...
Locating Crude Oil Manufacturers2/25/2007
  Q: I'm trying to become a Trade Agent for Crude Oil companies. How do I find list of Crude Oil ...
  A: You cannot simply say "I want to become an agent for Oil companies"-as if its a simple matter of ...
Private Label for Imported Leather Goods2/23/2007
  Q: We want to import leather goods like wallets,handbags,briefcases from India/China into US. ...
  A: This is not the kind of answer we give- As an insight, and in general unspecified and simple terms ...
at home buisness lincence2/13/2007
  Q: my name is antoine andim married and have two kids and im in between jobs and i want to work from ...
  A: I'm not sure of your question at all- unless you clealry advise me i cannot give a good answer- I ...
Hi.12/12/2006
  Q: I am Chinese, I am interested to talk about the exporting wine to China with you.maybe we can ...
  A: When you read here, please look at all previous wine answers- you will find many qestions already ...
occasional intermediary12/10/2006
  Q: 10-12-06 Dear Mr. Davide Papa, I am really very sorry to rouble you again. I received your reply ...
  A: I've answered you 6 times-Messages are going soemwhere else- Spyware and inceception from other end ...
wines samples for an US client12/5/2006
  Q: I want to send 6 bottles of wine as samples for a US client via DHL. I'm looking to download the ...
  A: Large Post office declaration is signed and applied to the package as "export samples" you pay air ...
Wine importation from the E. U.12/3/2006
  Q: David, we have bought a house in Italy and run wine tours, I have spoke to several of the vineyard ...
  A: You only main concern is is botaining an import permit- Go back to all my previous wine questions, ...
WVO or RBD Palm Oil Samples11/29/2006
  Q: Well...good for you...Davide Papa...retirement. But I have a REAL deal here: My partner, in U.S. ...
  A: Just retirement from tutoring- have to get back to the core business of trading- You've made a ...
D211/29/2006
  Q: Addressing MY error and "Does my error affect your answer?" Thank you very much for you quick ...
  A: Never - as already stated- NEVER means just that- The Payment for goods always comes first the PG ...
WVO or RBD Palm Oil Samples11/28/2006
  Q: I know I am at the end of questions. Can I have your private email so we can talk about what u do, ...
  A: I've taken a break from giving Tuition- Keep an eye on the website if i am looking for more new ...
WVO or RBD Palm Oil Samples11/27/2006
  Q: Wow...I am overwhelmed! Thanks a Millions! I know this is my last email (3rd). So I will target ...
  A: (1) Sell only at FOB- its standard practice-Keep away from CIF (2) When the Buyer gives you the L/C ...
WVO or RBD Palm Oil Samples11/26/2006
  Q: AN OFFER QUOTE CONTRACT-OR NO DEAL ..VERY SIMPLE REALLY. YOU CONTROL THE DEAL OR YOU HAVE NO DEAL ...
  A: Yes thats the only way- never surrender information-I'll use capitals so my answers stands out ...
WVO or RBD Palm Oil Samples11/26/2006
  Q: Davide Andrew, I am so glad to have seen your site. I am a first timer and have been doing ...
  A: I will use CAPITALS to address each question- its not a matter of who is right or wrong its simply a ...
RE: Coal Trade11/24/2006
  Q: Recently I am assigned to import coal for our electric factory. I have a question about the terms ...
  A: Before I start, so as to be able to express myself freely, let me state the following disclaimer- ...
Exporting Ice Wine to Australia11/22/2006
  Q: Giovanni, I'm writing because i read another question and answer about Ice Wine and Exporting it to ...
  A: Your questions are too broad to give specific answers- (1) The quote; The buyer gets a quote- the ...
Wine from Australia11/17/2006
  Q: I purchased wine in Australia and did not have room in my suitcase to bring it back with me. I asked ...
  A: Already answered see my previous replies- POST OFFICE- She goes to a normal large city post office ...
Selling Light Crude Oil for Exporter11/16/2006
  Q: My firm has been asked to assist in locating leads for buyers of Basra Light Crude Oil. Prior to ...
  A: SOMO controls the sale of Iraqi oil- thus is your supplier SOMO Agency Iraq...More importantly ...
Comission11/15/2006
  Q: Andrew, I have read your answer about the comission. However, I would like to know what is the ...
  A: You are right..You don't need a BCL and the rest of the nonsense- Small or large deals, it all the ...
icumsa 45 brazilian sugar trading11/13/2006
  Q: Papa. Thank you, Thank you ... I can't thank you enough for all the free info. God bless you. I ...
  A: LOOKS LIKE I HAVE A FAN- PLEASE GO TO WWW.FTNEXPORTING.COM- GO TO FAQ PAGE- I ADDED SOME HEAVY DUTY ...
Wine exports to Taiwan & China10/31/2006
  Q: I am a U.S. bonded winery and i have been approached by an exporter of goods to Taiwan who want to ...
  A: You need very little- except possibly the export license, but that depends if you produce the wine ...
sample wine10/27/2006
  Q: Papa, Could you please advise me on the following issue. We are trying to import some sample ...
  A: All wine answers in detail can be found on previously answered questions- including anwers about ...
Transferable LC Pre-Advice10/27/2006
  Q: The PADLC is issued by the Buyer's bank and advised to us by our advising bank, which will later be ...
  A: I'm still not sure what you mean- i'll add comments in capitals- You last question was ' Because ...
Transferable LC Pre-Advice10/26/2006
  Q: We have negotiated a contract under which we, as the trader, will be receiving a transferable ...
  A: Let me get this into perspective- as i am not sure whats definded here- Re: help cash flow ...
Label approval for wine imports to the US10/15/2006
  Q: I was asking only if I as the producer located in a foreign country can send tothe FDA my labels for ...
  A: General Answer is "No"- But we can go all over the place with such a simple question- You dont for ...
Label approval for wine imports to the US10/13/2006
  Q: I have read over the Q/A´s on importing wines and have not seen anything about labels. Is it ...
  A: We dont answer wine questions any more as the answers given is already intensive-We mainly deal with ...
Procedures9/24/2006
  Q: I am starting new. 1.I am acting as an agent on commission basis on behalf of buyer and seller and ...
  A: Lets be frank, Harry, it allows me to give some deeper insight, so that you don't get your efforts ...
Payment9/18/2006
  Q: I am an individual working on commission basis but do not have any firm or company registered under ...
  A: In effect therE is no "mechanism" to ensure you get paid should your efforts leads to a conclusion ...
Step by Step Guide9/18/2006
  Q: Papa, Would it be possible to get a copy of the wine importation guide from Argentina that you sent ...
  A: when you read this advice, it should expose you to all my previous answers given- there you will ...
Agency9/13/2006
  Q: What could be the normal commission/fees for a broker/intermediary in facilitating and identifying ...
  A: There is a double question here- Are you a (1)Private independent intermediary..? or are you an (2) ...
Import Export9/13/2006
  Q: What is the meaning of "certificate of free sale" in relation to being an agent/distributor of an ...
  A: This is not a general certificate as applicable under ICC -I suggest that its simply a in house ...
oil trading9/6/2006
  Q: A Neighbour of mine has for the past 4 months been working as an Intermediary selling various ...
  A: Wow..! To begin with forget about all the nonsense about funding of "Coal"projects- for so many ...
importing human remains from mainland China to Los Angeles8/31/2006
  Q: I need information on the procedures of sending cremated remains from mainland China (probably ...
  A: I can give some very light advice on the matter based on some personal near related experience, as i ...
CIF/FOB8/25/2006
  Q: I Read your mail on FOB and CIF and I honestly feel that as an intermidiary,using the CIF procedure ...
  A: (1) Why would you be engaged in such Logistics? Intermediaries deal in documents- If the supplier ...
Commercial Wine Samples for France to USA8/24/2006
  Q: Davide, My DHL contact in France has now clarified (and altered!) what documentaton they want. ...
  A: DCA/DAC are not standard Custom Internationally applied term ,(But I dare say it soon will be) ...
Commercial Wine Samples for France to USA8/23/2006
  Q: Davide, I've been sending commercial samples of French wines (from the Luberon) to US distributors ...
  A: ATA Garnet is the applicable applications which states that "samples" may be sent through the ...
Importing Tokay for resale to a restaurant8/22/2006
  Q: I saw your reference to Tokay in a response and wondered what steps I could take to get some into ...
  A: Take a look at my previous answers given when you read this message- it will enlighten you fully ...
to be seller n buyer8/19/2006
  Q: papa Before i start , let me tell you i am brand new in this business and have been doing a bit of ...
  A: Read all my answer i have already given when to read this message.NO atter if you read about Wine or ...
tradingplace and urpib8/19/2006
  Q: I have been reading all the questions and answers now for two weeks. this is the best school there ...
  A: So many traders have had their hopes dashed by silly internet traders- that someone had to do ...
International Trade8/8/2006
  Q: I would like to enter the international trade where I act as an agent between two companies. I have ...
  A: The word here is "Intermediary"- and intermediate buyer /Seller- A person who has the skill, ability ...
Buyer/Seller7/27/2006
  Q: Good day papa, As I told you trading in Petroleum products in my country is through Transshipment. ...
  A: I'LL USE CAPITALS TO CUT INBETWEEN YOUR ADVICE- THE PROBLEM HERE IS THAT I AM NOW ADVISING ON AN ...
Opportunity to distribute commodities7/25/2006
  Q: Papa, I have been introduced to an excellent opportunity through a reliable contact to distribute ...
  A: Too diffiuclt to fully define on this forum, far to many "if's " would apply- Please read FTN ...
Acting Buyer/Seller7/25/2006
  Q: Good Morning Papa, How are you today,I have taken sometime to go through the URPIB and most material ...
  A: Good questions, I'm glad someone is taking notice- I've given answer in captial in reply to your ...
Transfer of L/C7/23/2006
  Q: it provided a lot more clarity. My contract with the my buyer doesn't have to be a NAEGA2 contract - ...
  A: Phew..! this is a big but good question- I will try an make it as clear as possible, as the full ...
Export Procedure Buyer/Seller - US Grains7/21/2006
  Q: it has been MOST educational. I wonder if you clarify two particular items: Assume I have received ...
  A: (BIG ANSWER TO GOOD QUESTION- SO FORGIVE SPELLING/ Grammar MISTAKES-It will take some time to give ...
Acting Buyer/Seller7/20/2006
  Q: I think, like you have said over and over again:MOST TRANSACTIONS FAIL COS OF PROPER TRADING RULES. ...
  A: I think you did not get the gist of what I was saying- I am defining international trade ...
Acting Buyer/Seller7/19/2006
  Q: I have a cargo of 65,000MT of Diesel coming into my country by a seller in the next three ...
  A: You have some serious issues with what you have stated-Thus I can only advise based on the ...
Process to export wine from italy to USA7/18/2006
  Q: we are 2 italian guys wholeseller of wine in italy and we are trying to find the way to export some ...
  A: Yes thats right- FDA: What you need to do is simple, write exactly the specifications of the wine, ...
Comodity trading7/17/2006
  Q: What RWA stands for? Thanks
  A: So an End Supplier has been asked directly from a end Buyer for goods. After the supplier has issued ...
Deciding who is a buyer's Mandate7/13/2006
  Q: Papa, I have 2 important questions for you. I read over some of your other advice posts. We are in ...
  A: IMPOSSIBLE QUESTION TO ANSWER- IT TOO COMPLEX AND WOULD TAKE TOO LONG- SO LET ME GIVE YOU A GOOD BUT ...
Italian tipical products in Australia7/12/2006
  Q: Ciao Davide, I just finished to read all about import and export matters in your great list of ...
  A: My Italian is no good and your English is no good, this will make it difficult to explain it fully ...
Exporting/importing wine from Argentina7/12/2006
  Q: Some friends wish to purchase a winery in Argentina and import and distribute the wine themselves in ...
  A: i an interested to go to the moon, can you please advise me how to do that- Tobin, its not that ...
Distributor/agent7/11/2006
  Q: I am dead-set on starting a small Importing business, initially on a part-time basis based from ...
  A: A simple yet complex answer is given- Tom the buyer in Melbourne can go to Harry the distributor in ...
Documents/forms for Import Custom Clearance7/10/2006
  Q: I'm a newbee to the import procedure, particularly in custom clearance. The situation is that my ...
  A: Your advice is too vague- let me assume the following; You have the "Title Document" in your hand ...
Wine Importing/ buying7/5/2006
  Q: I have read your information and it is incredibly detailed and insightful. I have a simplier ...
  A: One can bring as much wine they wish- The ATA Postal Garnet answer is related to procedures- Full ...
US customs6/27/2006
  Q: I am thinking it might be interesting to bring in antiques and art from Europe (especially Italy) ...
  A: It's all about US custom compliance- MaNy years agoI tried to export a stuffed eagle- it was ...
Export Procedure6/26/2006
  Q: I couldn't have asked for a better explanation :) Hats off 2 ya! Your site has been really ...
  A: let me guide you with some reply to answers asked-naturally cannot explain it fully just enough to ...
oil trading6/22/2006
  Q: I would like to know if it is possible to protect yourself in securing commissions as an ...
  A: Please refer to my previously answered question regarding oil- then be guide by below- (1) ...
Export Procedure6/16/2006
  Q: the Information you provided were really useful! As we belong to same city & you having such ...
  A: I will use Captials to anwer your qestion is the simplest form- As stated , each part of the answer ...
Export procedure6/14/2006
  Q: i Have been reading this forum for few days & your detailed information on export procedures has ...
  A: Follow my lead below , as your question is well defined-It’s going to be hard to define everything ...
Procedures for buying from another country6/12/2006
  Q: I buy product's wholesale then resell them. I'am trying to find a better supplier,I don't know ...
  A: It's impossible to advise you fully on such matters- but when you read this message go back to all ...
Import Agency6/3/2006
  Q: I just wanted to say thanks again for the sound advice, I realise I still have a lot to learn in the ...
  A: No problems- 1 allow 2 or 3 continual replies, then so long as there is a break- Remember- (1) If ...
Import Agency6/2/2006
  Q: David, Many thanks indeed for your very detailed answer, you have really helped me clarify things. ...
  A: That's exactly what I meant- in defining that you MUST know procedures, much of which has to do ...
Import Agency6/1/2006
  Q: I already sent this question to Mr Gawley but I just noced that your the one who answers most Int. ...
  A: (1) First of all you MUST know a good set of guiding procedures- if you don't, then you are wasting ...
Importing wine from Spain5/27/2006
  Q: My business partner and I are looking to start a importing, distributing, wholesaling, and retailing ...
  A: See my previous answers on this site regarding wine- Your quetion just cannot be answered in the ...
Copper Trading5/26/2006
  Q: I've read some of your responses online and was very impressed with your expertise. I need an advice ...
  A: Sure ..it's great that you found a real end supplier of copper- a very well sought after product -if ...
Selling wine from importer to the store5/16/2006
  Q: I've read your extensive and brilliant replies to many questions here. I am hoping you can help me ...
  A: These type of question would need many pages to fully advise upon - The question is really beyond ...
PETROLEUM5/15/2006
  Q: I was wondering could someone close deals on the internet rather then going half way across the ...
  A: (1) No such thing as an LOI in international trade- thus in effect it carries no liability to the ...
importing wine for personal use and possible sales5/15/2006
  Q: I am interested in obtaining an importers license to import wine from Italy. For now it would be ...
  A: So you want to import wines- then read ll the articles i have alread answered when you read this ...
PETROLEUM5/12/2006
  Q: I was wondering could someone close deals on the internet rather then going half way across the ...
  A: The Immediate answer is No..The internet is basically a cheap tool to make the initial connection ...
UPC5/11/2006
  Q: I´m about to buy DVDs in bulk but I´m afraid they´re counterfeit. Is there any website in which I ...
  A: These are not the type of questions we answer- but let me say this- If they are counterfeit they ...
Wine importing: process clarification4/29/2006
  Q: My wife and I have spent a good amount of time reviewing ALL of your responses regarding importing ...
  A: I am not sure of your question- I am assuming that you live in USA- I am assuming that your are ...
export from Italy4/29/2006
  Q: My family own a company in north east of Italy We are exporters to USA (NJ) and we are looking for ...
  A: Mmmmm..."Peach Bellini" You really need Prosecco fro that drink-Unfortunately the question you ask ...
Wine from Argentina Import US4/27/2006
  Q: Saw your posting about a vineyard. Can I import wine from Argentina in containers (bottled, ...
  A: look at all previous answers- when you read this message, it's all been answered- Your question ...
importing amber jewelry to US from Poland4/24/2006
  Q: I have a friend in Poland who produces and have access to people who produce amber/silver jewelry. I ...
  A: This is not the type of questions that I usually answer- but let me give you some goods hints and ...
just to thank you for now4/10/2006
  Q: Papa. Being in oil trade business and having strong computing background, i have found your answer ...
  A: if you are going to play with fire, then its always best to be well prepared- What's the point of ...
argentinian and chilean wines3/28/2006
  Q: Sr: I want to do a project about argentinian and chilean wines,specially why chilean wines get more ...
  A: We deal in export questions- there are many hints to your question in all the answers given to ...
Export wine from Canada to Australia3/10/2006
  Q: I am looking into an export business that will make Canadian Ice Wine available to Austalia ...
  A: The question of marketing is what you are looking for. The previous posts define exactly what you ...
Import License, Distribution Permit, Texas3/6/2006
  Q: David, I have family in Italy, and they would like me to get a license to import wine from there, a ...
  A: Please go to www.ftnexporting.freeservers.com go to CIF page it tells of procedures pertaining to ...
new business2/27/2006
  Q: I hope you can help me, i am considering importing an energy drink beverage from Australia to the ...
  A: If you intend to import the produts yourself then its all about procedures- use a GOOD private ...
Saudi Oil12/22/2005
  Q: First of all thank-you for your previous intelligent answers. They have been helpful to my future ...
  A: Its a diffuclt set of answers that you are requiring- as it takes a long tome to formally learn ...
Monthly oil deliveries10/27/2005
  Q: Papa, I have read all your answers to questions about oil brokerage with great interest. However, ...
  A: First let me make this legal disclaimer- this way I can advise more openly- THE PERSONAL OPINION ...
Direct Refinery Agent10/18/2005
  Q: How can i become a primary agent to a refinery or source / get refineries who want to buy Nigerian ...
  A: Primary agent- You work for the refinery in limited capacity. You getpaid (low) wages every week- ...
import/export8/29/2005
  Q: I am interested in importing/exporting wines and I would like to know what sort of relationship I ...
  A: I hardly never get a question from anyone who lives in the same suburb as me- most of my answers are ...
Wine Imports to USA8/24/2005
  Q: My Father and I are interested in importing wines from Italy and Chile to be sold by us to ...
  A: (1) Good choice- Italian wine from the north has already been greatly exploited- but great cheap ...
road shipping and packing standards8/16/2005
  Q: I'd like to prepare an instruction for road shipping and packing for my company whcich manufacture ...
  A: I know a little of the subject matter as it goes beyond my forum parameters-I assume you are dealing ...
Wine import to USA8/15/2005
  Q: I want to import wine from India. i do not know from where and how to start. can you please help me ...
  A: when you read this, you should be able to access all the information already answered in direct ...
Importing Wine8/7/2005
  Q: I am attempting to start my own business in Texas, that will pertain to importing wine from Italy. I ...
  A: When you read this- go back to the last 6 answers there you will find the specifics of "Mark Ups" , ...
supplier licence to sell to hoseseller,please answer soon!8/6/2005
  Q: Please forgive my english i know i am confusing you because i cannot explain what i mean.But here we ...
  A: )ne question at a time- You want to act quickly- but first you must learn to ask and understand each ...
supplier licence to sell to hoseseller,please answer soon!8/6/2005
  Q: This is Anna the hunhgarian woman again, I appologize for bothering you with so many questions ...
  A: THE AMOUNTS YOU WISH TO ORDER ARE SMALL-and ideal for small personal applications-You really should ...
supplier licence to sell to hoseseller,please answer soon!8/6/2005
  Q: ------------------------- ANNA AGAIN, Dear Davide Andrew Papa, Well since i wrote you i changed ...
  A: (1) PAPA-is Hungarian:(PAPA is also a big town In Hungary) My Name is from My father- My mother is ...
importation of wine from France8/2/2005
  Q: I was reading the precious answer of Davide Andrew Papa, and I was asking myself if 1)the protocole ...
  A: (1)No-They are not EXACTLY the same-but maybe similar: But the basic rules would apply- I know that ...
importing6/26/2005
  Q: I would like to know what's involved with shipping bulk goods from china to the USA. www.Alibaba.com ...
  A: (sorry it has taken a while to give you a reply- but there were problems on the Q&A site from the ...
Importing samples of wine5/26/2005
  Q: We need to send samples of wine from italy to california for our distributros. We are a licensed ...
  A: International trade: The Two loves of my life (beside my family) is my expertise in import export ...
importing wine5/18/2005
  Q: I live in the south of france, and I wanted to start importing wine that i feel is under represented ...
  A: Imoprt export advice for all Commodities- The question has been extensively answered to such an ...
Wine laws in Argentina5/17/2005
  Q: I just bought a winery in Argentina and would like to know about export laws, regulations and ...
  A: Huge question..about 300 pages worth; When you are finished reading this, make sure you go to all ...
Importing Wine12/26/2004
  Q: I am thankful for your 3/26/04 step by step procedure to import Argentine wine. I am in a similar ...
  A: Very difficult question for me to answer as it involves the branch in International trade law ...
Oil brokerage12/20/2004
  Q: I need your advice on how to start a brokege company. How do i go about starting it in london. ...
  A: The question is so broad, i wouldn't know how to answer you.Please look at the previous answers when ...
wine importing.....regulations...legalities12/11/2004
  Q: ..I have a friend who is looking to have some wine imported form peru...His idea is to sell it here ...
  A: I have posted so much information about wine importation,please see the questions already answered ...
wine export and import USA12/7/2004
  Q: This is a two parts question. First, I am planning to import USA wines into Asia (Hong Kong and ...
  A: Being a commodity dealer..is the business you are in-hence you can make commission but only as BUYER ...
Curde oil and Refinery products11/16/2004
  Q: I work for a Swiss Company. They deals in light crude oil and refinery products. I have the ...
  A: This is a real problem, that many intermediaries face...97 percent of all deals are false or ...
IT10/22/2004
  Q: http://www.cioinsight.com/article2/0,1397,1456958,00.asp Thank you so much!
  A: This question is out of my expertise parameters, nevertheless I can still give you an insight. I ...
Re: Australian wine importing10/5/2004
  Q: I'm trying to get my importing license right now. Do u know how long the process will take? What ...
  A: Get your license to import..It should be easy. Ask for a full C.I.F quote from Australian ...
Re: Australian wine importing10/5/2004
  Q: I'm going to get my licenses now. How many do I need? How long they take for approval? Whats my next ...
  A: I'm not sure what your are asking-please explain,what do you mean licenses..?Please explain..? The ...
Re: Australian wine importing9/29/2004
  Q: A friend of mine has a winery in Australia and would like me to import his wine into the US (WA). ...
  A: First of all,when you read this reply,check out the many questions I have already answered on the ...
Importing Uruquayian wine-national rules and state7/21/2004
  Q: David Andrew, I have contacts in Uruguay (3 wineries)and I have investors that want to bring ...
  A: A lot has been said about wine export,please read all my previous answers which are all listed when ...
Importing wine from Portugal7/15/2004
  Q: I read an answer to a question you responded to almost two years ago now regarding someone beginning ...
  A: The enquiries you speak of...are still relevant and are still on the www.allexperts .com site for ...
Dear Sir Recently I received...7/3/2004
  Q: Recently I received some information from an associate that he is a seller mandate for Saudi Light ...
  A: (1)If a person is claiming to be a mandate holder on behalf of a Saudi Prince or other entity-It is ...
Documents for exporting jewelry6/1/2004
  Q: I want to know how can I export jewelry to united states by plane.(from Chile) I need to know what ...
  A: It doesn't matter what's being exported the basic procedures are the same... If you are exporting ...
Tariffs and Quotas from Korea4/28/2004
  Q: Gerald
  A: This question is outside our area of answering:such quotas and tariffs contiually are updated..You ...
Import chilean Wine4/1/2004
  Q: How i can get a license to import wine from Chile to New York Area..? Also, How can i do it..? ...
  A: .. Sorry for Lateness..just got your message: Take a look how I answered my previous question ...
Importing Wine3/26/2004
  Q: I read the letter to you and the response on importing wine from Portugal and am very interested in ...
  A: 'Dear leon Big question...?But let me offer you some advice which may help..and I am going to ...
shipping3/12/2004
  Q: I am an artist who works in an unusual medium and need some shipping advice. My work incorporates ...
  A: The question is difficult for many variants that are applicable...in general the answer is NO you ...
gasoline contracts12/6/2003
  Q: 1)Do I need a license to broker deals between oil refineries and a) gasoline distributors in the ...
  A: (1)You are allowed to buy or sell anything so long as it does not contravene the laws of a ...
Terminology5/20/2003
  Q: I am a fellow expert in home entertainment. Recently I wrote to a Chinese cable supplier and he ...
  A: Be careful when dealing with Chinese Sellers...Make sure everything is 100% tight...and make sure ...
export brokering (?)1/13/2003
  Q: I came across an article on small business exporting U.S. good and services, and have become ...
  A: (forgive any spelling mistakes..its a big subject matter also look at the other questions I have ...
Hi, Mr. Papa We produce...1/7/2003
  Q: Mr. Papa We produce art & craft from Haiti, you can see samples of our products ...
  A: You have been attempting to sell your products overseas,and now a merchant has approched you to ...
Wine importing4/18/2002
  Q: Do you have any knowledge you can share pertaining to importing s.african wine including laws. I'm ...
  A: I have had other enquiries re;wine import/export,and can only give you general advice. (1)How it ...
Topical Hairgrowth Formula2/17/2002
  Q: Papa: I plan on trying to sell a topically applied hair nourishment/growth formula over the internet ...
  A: Although the question you asked is outside my sphere of expertise,I am able to give some advice ...
wine imports1/27/2002
  Q: I wanted to know if you have any information on wine imports to the United states? I am going to ...
  A: Wow..What a question..?where Do I start..? Let me try to answer it as simply as possible..then go to ...
Shipping terms12/6/2001
  Q: In negotiating with a possible customer for importing goods from Asia into USA. I was asked for a ...
  A: Product Asia to USA:No such term in international trade as S&B usually such codes belongs to the ...

All Questions in This Category

Distribution of Products

All Answers


Answers by Expert:


Ask Experts

Volunteer


Davide Andrew Papa

Top Expert on this page

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.

©2012 About.com, a part of The New York Times Company. All rights reserved.