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SMICE 2011 TERMS

Date of Last Price Update : 8/1/11 10:59 AM AEST

NOTES :ALL PRICES FORMULATED TO NEAREST WHOLE CENTS


FTN003CF:ARABICA GREEN COFFEE: Benchmark: NY ICE + Suppliers Premium + Smice Operational Expense(OPX) Plus SMICE fixed price Premium= SMICE Sell Price per MT. Before 12.01 PM AEST on day of RFQ request. Min: 240 MT FCL per month @ 10 x 40ft FCL over 10 months .

Next SMICE Coffee Fixed Price Change : NY ICE Rise 239 Fall Application: 231.

FTN003CB: Seller FTN Exporting:FCA QingDao China other grade: N330 USD$670 MT N550 USD$595MT N660 USD$659 25 Kilo P/P bags. 3 FCL 20ft or more per month. One or multi shipments. Secured from Disclosed Principal: TianJin HengChi Chemicals  LTD China

FTN003CS: Seller FTN Exporting: FCA TianJin China.99% Purity Add USD$15 per MT for Granules, 20FT FCL@ 25MT Secured from Disclosed Principal: Shijiazhuang Weiou Chemical LTD China

FTN003CL: Notes: From Indonesia . Late MARCH delivery. Mine inspection allowed.

FTN003SU: Brazilian Sugar. First delivery MARCH 2011. PP-PE Bags 50 Kilo/ 3.6 Million MT . CFR to India Distance .CIF @110% Class ‘C” 288.00 per MT . Full Offer in restricted pages to be advised late December.

FTN003ET: Seeking ONE Automotive grade Hydrous Ethanol suppy for SMICE Board Listing, Testing and Selling. Same listed Supplier will be used for possible U.K Ethanol Purchase May/June 2011. SMICE Agent and invited others may seek Supplier early for listing and earn PI status on U.K sale as well as any other future dealings .(First come first serve basis) 3 Year contract of supply . 1 shipment every 3 months 30,000 MT. CIF London. Same UK offer will be used for SMICE listing and sales as well.

OTHER IMPORTANT MATTERS


Advice: In matters of insurance: Reminder In accordance with incoterms 2010 Clause“C” Suppliers when offering CIF products at nominated distance SMICE ONLY requires clause “C” Institute Cargo Clause Insurance at 110%-115% of total invoice value range.(International underwriting association of London type of policy.) Please ensure offer incorporate such insurance charges otherwise offer CFR or FOB delivery.

Advice: In relation to all distances and freight. All CFR, CIF or CIP ocean distance at price offered. Reference:http://www.timeanddate.com/worldclock/distance.html
(a) 8000 n/m or more (b)Not exceeding 7000 n/m (c) Not exceeding 6000 n/m (d) Not exceeding 5000 n/m (e) 4000 n/m or less . Suppliers offering CIF/CIP goods may use distance reference in where final port of discharge will actually be defined on offer acceptance.

Advice : In relation to matters of SMICE Representation

Seller is FTN Exporting in all offers made by SMICE. Buyer is FTN exporting in all purchase transactions. Anyone representing FTN exporting is; (a) Disclosed on all selling offers at all times unconditionally without recourse. (b) Are registered as a disclosed ACA SMICE Agent online via www.smice.net (c) Provides an authenticated letter of Authority dated and signed at time of transaction or inquiry. All Others: End buyers or Suppliers Please Note; All other claims of representation is one of Learning and support by those studying the WAPI, URPIB or FTN Exporting FYBR or ITSI doctrine and applications and NOT of FTN Exporting business. Only registered ACA SMICE agents End buyer or Suppliers in possession of goods may directly make inquiries regarding supply or making a Purchase from FTN exporting. All prices and goods offered on the SMICE board are provisional subject to offer issuance, final availability and SMICE acceptance.



SIMPLE EFFECTIVE SAFE SMICE BUYING PROCEDURES


SMICE Buying from Supplier in possession of goods:
SUPPLIERS PLEASE NOTE SMICE BUYING PROCEDURES ONCE INTENT IS ENACTED.

  1. SUPPLIER provides OTS or full offer. Goods assured for at least 1 month.(3 months or more ideal)
  2. SMICE list goods while considering purchase. Identity of Supplier kept 100% private at all times.
  3. SMICE if agrees to buy advises “Offer to Procedure” for Suppliers consideration and acceptance.
  4. SUPPLIER accepts offer as legally binding. Issues draft contract.Signing of contract expected.
  5. SMICE advises full proper UCP600 endorsed financial instrument as per contract payable at sight.
  6. SUPPLIER advises delivery documents marked as “ Notify Party FTN exporting” as per contract.
  7. SUPPLIER applies collection on financial instrument as per URC rules of collection.
  8. SUPPLIER payment secured. Ship slips moors and heads for buyers country. Next shipment initiated.

Main Rules of Trade
UCP600, Incoterms 2010 and in part or fully English contract formation laws or foreign governance of such.

SIMPLE EFFECTIVE SAFE SMICE SELLING PROCEDURES


SMICE Selling to a End buyer taking possession of such :
END BUYERS PLEASE NOTE SMICE SELLING PROCEDURES ONCE OFFER IS ADVISED.

  1. END BUYER fills in / advises RFQ (Request for Quote) form. 5 days given for Confirmation of RFQ.
  2. SMICE advises “Offer ” for consideration and acceptance of End buyer. (7 days given)
  3. SMICE accepts offer as legally binding. Issues draft contract for formal signing. (14 days given)
  4. END BUYER advises full proper UCP600 endorsed financial instrument as per contract.
  5. SMICE “Endorses In Blank” clean delivery documents from “Notify Party FTN ” to End buyer.
  6. SMICE applies collection on financial instrument as per URC rules of collection.
  7. SMICE payment secured. Ship slips moors and heads for buyers country. Next shipment initiated.

Main Rules of Trade
UCP600, Incoterms 2010 and in part or fully English contract formation laws or foreign governance of such.

SPECIAL RUSSIAN PROCEDURES (SRP)


Some problems with Russian law and matter of UCP600/banking applications and contract formation laws may be encountered from time to time accordingly Russian procedures in matters of document presentation are much more stricter and forcibly defined by the Russian Government Russian Petroleum Suppliers offering exportable goods for SMICE buying consideration. Following procedures apply . SMICE will buy using Roubles or Euro is asked.

SMICE Buying from RUSSIAN Suppliers in possession of goods:

  1. SUPPLIER provides full offer. Goods assured for at least 1 month.( 3 months or more ideal)
  2. SMICE list goods while considering purchase. Identity of Supplier kept 100% private at all times.
  3. SMICE if agrees to buy advises “Offer to Procedure” for Suppliers consideration and acceptance.
  4. SUPPLIER accepts final offer as legally binding. Issues draft contract. contract signing expected.
  5. SMICE advises full proper UCP600 endorsed financial instrument as per contract payable at sight.
  6. SMICE DLC advised to nominate country accepting UCP 600 financial instruments(i.e: Latvia, Italy)
  7. SUPPLIER advises clean delivery docs marked as “ Notify Party FTN exporting” as per contract.
  8. Documents to Include;
  9. Copy of License to Export: Department of the Russian Ministry of Energy
  10. Copy of Approval to Export: Department of the Russian Ministry of Justice
  11. Copy of Statement : Availability of the Product
  12. Copy of the Russian Refinery Commitment to Produce the Product
  13. Copy of Transneft pipeline Contract/ to Port of loading
  14. Copy of the Russian Port Storage Agreement
  15. Copy of Tank Receipts and SGS Report
  16. SUPPLIER applies collection on financial instrument as per URC rules of collection.
  17. SUPPLIER payment secured. Ship slips moors and heads for buyers country.
  18. Next shipment initiated.

Main Rules of Trade
UCP600, Incoterms 2010 and in part or fully English contract formation laws or foreign governance of such.

GOLD BULLION SALES


Only registered exporters may offer physical Gold. CPT with variables is the only acceptable delivery mode as per Incoterms 2010. DAP not accepted. Gold bullion as defined as “Deep Storage Gold” (DSG) Alluvial, dust or any other uncertified and not holding current assay type of bars may be offered. Intermediaries attachment allowed if end buyer/Supplier is disclosed. Buy Deal starts and finishes 10 days. Supplier must clear goods for Export including SED and pre -entry. Buyer must secure import permit. DLC cannot be collected until final product is ready and in possession into buyers hand. DLC held in trust in a Australian top 50 bank. All transactions in Buyers country defined as Melbourne or Perth Australia. (Refinery costs if/ for Australia for Buyers account) Any supplier or end Buyer attending a sale with SMICE must secure their own entry Visa’s /accommodation costs. No electronic transactions. No “Swiss” procedures. Other safe countries /delivery considered. Physical Gold only as per offer.

(1) Offer Advised - If /once accepted as legally binding.
(2) Contract advised and accepted with confirmation of buyers refinery appointment
(3) Confirmed DLC lodged and Accepted
(4) Plane Loaded /Sealed
(5) Documents Produced as per CPT delivery mode
(6) Gold taken from Airport of destination / Security delivers AU to Confirmed buyers refinery.
(7) Gold purity assayed and/smelted and hallmarked/Buyer expense.
(8) Refinery Certificate of assay confirming product was as offered or better.
(9) Collection of DLC applies.

*UCP600/ Incoterms © ICC Paris France.
© SMICE, FTN EXPORTING , FTNX, FTNXX, AGI, LOBBEX, RFQ,OTS, LDD , FYBR, ITSI,TWIY : © ftn exporting 2010



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