Click Here: BACK TO SITE MAP

PRE ADVICE:
SMICE acts on behalf of undisclosed principals for most ot the time and on behalf of disclosed principals on very rare occasions. What do these matters in reference signify in the simplest term?

On Behalf of a Disclosed Principal.
Supplier asks SMICE to represent them openly to which in turn we offer goods of the Supplier, disclosing the name of the Supplier or Exporter in possession of goods upfront to any potential End buyer taking possession of goods on offer. SMICE closes the deal for the Supplier as their official mandated agent. and funds are generally paid into the account of SMICE but often into the Supplier directly or at the counter of a nominated bank. SMICE must disclose all matters of the deal including End buyer details and matters of commission payment expected.The supplier issues the sell price with added agreed upon commission rate incorporate into the price. Final price as offered by the Supplier in not allowed to be changed.In such a deal the Supplier takes all legal responsibilities of the transaction being conducted. When the transaction is complete, the Supplier pays the agreed upon commission to SMICE based on the commercial agency agreement entered into between the Supplier and SMICE. When “disclosed” goods of a Supplier is offered on the SMICE site, it will state that the offer will be issued “On behalf of a disclosed Supplier”(OBDS). A Supplier would engage SMICE because of the valuable trading knowledge and expertise SMICE brings to the transaction especially those which are considered complicated or when a specialised counter trade type of transaction is envisaged. SMICE looks after the interests of the Supplier and ensures a proper and safe transaction is conducted with the End buyer. End Buyer may also secure tenure of SMICE (at the discretion of SMICE) applying the same disclosed transparent trading basis if such asks SMICE to source goods for them.

On Behalf of an Undisclosed Principal.
SMICE scours markets world wide for hard to source and much wanted products often in huge quantities. Such goods are sometimes broken down to smaller lots. This method of securing such goods takes a great deal of effort, money and time to achieve. SMICE is only allowed to secure such goods from a Supplier in possession of such goods and must do so before entering into a contract to sell such goods to an End buyer/ End user of such. To do anything differently is implied to be an act of fraud. Invited Intermediaries may assist SMICE to secure such End buyers. SMICE is then also obligated to secure and pay commission to such intermediaries if through their efforts a deal is closed. Such goods are often secured “On a first come first serve basis.” SMICE is often in competition with other Buyers to secure such goods and may have to buy such goods at times by offering a premium on the standard selling price offered. SMICE must seek supply, and enter into contract of purchase with the Supplier as BUYER as well as take all legal responsibilities of the deal entered into with the Supplier. SMICE then sells such goods to its own End buyer(s) taking possession of such goods, on a first come first serve basis as well. SMICE has no time to waste with potential End buyers looking to apply precarious trading applications. Accordingly, many offers for the same goods are often issued to a number of potential End buyers. SMICE takes full legal responsibilities of the deal being entered into its secured and conforming End buyer. SMICE does not take possession of goods it has contracted with the Supplier. SMICE sells title to the goods to its End buyer using strict safe effective procedures based on current International Trading Rules and laws in support. of such activities. No disclosure of Supplier is given nor entitled to be given until the end buyer has first proved financial capability to SMICE being a Financial Instrument or appropriate deposit.;if such is agreed upon. Once verifiable evidence disclosing supply status is provided, the End buyer is formally obligated to perform or such may face a breach of contract with SMICE. Secured product is usually a once only offer. There is no guarantee that more goods will be made available on a at call basis. The Supplier often provides such goods to SMICE in unreserved form, hence the Supplier will sell to anyone on a first come first serves basis if SMICE is unable to perform with the Supplier quickly. SMICE in such circumstances could find itself selling goods which the Supplier has sold to someone else if disclosures of the supplier is made before financial instrument are secured, therefore no disclosure whatsoever of the supplier is provided until a safe intangible financial instrument is first secured, along with and offer and contract SMICE does not sell “Spot” products and sells all secured products at 90-150 days in advance of its own purchase as per contracting conditions in force. SMICE for most of the time sells such goods upon such a “Undisclosed Premise”. End buyers who do not understand as much, nor understand the valuable contribution of our trading expertise brings to the deal especially in matters of safety and delivery should not be seeking goods from SMICE, and should be seeking their own direct suppliers instead.

Procedures: End buyer Purchasing offered goods from SMICE:
(1) End buyer advises “Request for a Quote” details and supporting information applicable to such for SMICE consideration via a licensed SMICE agent
(2) Once Quote is confirmed by the End buyer, SMICE as Seller advises an offer . Such an offer is often issued as “Legally binding subject to final contract acceptance”, but may be issued as a “Legally binding once offer is accepted”, if the offer specifically is advised in such a manner.
(3) Once contract is formally signed, End buyers tests financial instrument issuance protocol. Seller is required to accept such an instrument within 5 days.
(4) Sellers must then advise a document defined as a PPI (Policy Proof of Interest ) in where the End buyer may tests the verifiable attributes of evidence provided that goods have been ascertained by the supplier.
(5) As per contract, delivery takes place. Delivery/presentation documents are presented at sight. If document and clean and presentation od such complies as per the terms and conditions of the DLC, collection is applied under stated Collection rules to which the End buyer now has title to the goods for presenting to the carrier or their agents at port of unloading, in where such enables the entitled buyer to possession of goods as per normal customary practices. The goods are owned by the End buyer when goods pass over the ships rails at the port of loading.

Above procedures are no different than if a End buyer were to buy such goods they have sourced from their own Supplier - accordingly, SMICE enacts same procedures as per normal custom and practice. SMICE mainly conducts business in accordance with universally accepted ICC Trade mark applications and Rules of Delivery as per Incoterms 2000 (Incoterms 3000 1st Jan 2011) and UCP 600 Letter of Credit Rules. All contracts are entered into as applicable to superior universally supported English Contract law and formation of such, fully or in part, in where Foreign Governance is able to prevail.

SMICE are the buyers of all goods sought.The structure and mechanism applying as per the above “Undisclosed” trading premise is the main application used by SMICE. Suppliers wanting to create more sales must make an offer to SMICE otherwise there is no legal premise nor basis in allowing SMICE to formally attempt to buy goods from a Supplier and owner in possession of such goods;or their appointed exporter or Mandated Agent.. SMICE does not consider purchasing goods in Container loads in where 100 or less FCL are advised per month for a minimum 6 month contracting period. When FCL quantities of goods are offered, Supplier is to offer FCA delivery modes with expectations that if an FCA offer is accepted , a CIP price may be sought at contract time.

SMICE is mostly looking to secure much sought after type of goods from ONLY reliable suppliers and owners in possession of such. Large quantities of bulk in hold cargo in where monthly deliveries for a minimum of 12 months or more is made available on a Non cumulative revolving payment basis. The bigger the quantities offered the better. All offers to be advised as applying a fixed, semi fixed or bench marked index prices for SMICE immediate purchase consideration .First delivery 4 month or even later are also considered and preferred in where payment way in advance of first delivery will be advised for full, total contact quantities offered. SMICE does not offer financial statements, bank comfort letters or LOI, and other ineffectual said matters. SMICE only trades using superior current best practices and safe financial instrument issuance and collection applications as well as ICC Incoterms Delivery Rules as a minimum protocol. This is the modern way of trading. Fast deals done quickly and safely using only superior trading applications. SMICE expects an offer and that such an offer be updated as required while product is available, in return we will attempt to purchase any such offered goods in where within 30 days of offer being made- after contracts are sealed and financial instruments are lodged for acceptance, even if said goods are many months away from 1st deliverydate. All offers provided are kept very confidential even against competing industries is an absolute understanding.

We require an offer to stipulate at minimum amongst other things;

1. Verifiable suppliers details.
   
2. Offer should be firm for 15 days at a time or more in where renewal of such should apply every 15 das there after for at least one month or more even if price of goods offered needs to rise. The longer we are able to secure validity of the offer the better our chances in being able to buy such goods.
   
3. Origin of goods information. Port of loading as well as point of delivery must be advised.
   
4. Security information in regards to loading must be advised.
   
5. A FOB Incoterms delivery protocol “Named port of Shipment” offer applies at first .
   
6. If FOB is accepted, the supplier must be prepared to advise a CFR quote if needed.
   
7. First delivery date, monthly quantities and delivery frequency must be specified.
   
8. An FOB price- fixed or via transparent Benchmark we can all use as being transparent and assessable by the internet.
   
9. Name of PSI Inspection Agency and name of agency offering tally count separate to PSI agency should be stated.
   
10. Name of Bank accepting DLC should also be advised with the offer .
    
11. The Supplier shall help SMICE to secure BOL if required.
    
12. The Supplier and the Buyer shall assist each other amicably to ensure good clean delivery occurs.
    
13. Importantly; Full specification and grade of products must be advised with then offer.
    

Fraud list is privately complied monthly and issued at the end of each month as a master file- sent out to all SMICE licensed Agents (SLA). Seriously minded offenders are exposed in-house especially those who seem to appear again and again under differing names and offer differing services. Ignorant trivial matters not entertained for listing so as to ensure only very real current scam artist remain identifiable. Only those people who have elaborately planned their fraudulent approach are listed in where there is a very real and apparent danger that unsuspecting traders could be duped with such dealings .

Very Serious and immediate fraudsters are also reported to relevant authorities in country of scam origin.

WHAT IS REQUIRED BEFORE WE LIST A FRAUDSTER-

• SMICE conducts direct internet Due Diligence in where at least 2 different reports made by others implicate named scam artist on the net in where no viable defence is apparent .
  
  
• SMICE also looks at the deal in question as experts and if such a deal is dangerous, precarious and risky , listing will apply.
  
  
• Misinformed intermediaries who should have known better in where it can be ascertained that no bad or wilful intent is apparent with their offerings will be given one warning by SMICE licensed Agents to cease and desist trading until they learn effective legally sound procedures as it applies to intermediaries , as well as intermediate buyers and sellers - If the SMICE warning is ignored in where the Trader is again plying suspect business on the net , such will be reported.
  
  
• Unlicensed traders taking and offering product listing from SMICE site as their own, will be listed. Those who take any information listed on the SMICE or any FTN Exporting site to claim such as being their own will be listed and may face prosecution as well.
  
  
• Any dishonest claims of association with SMICE or Agents of such Listing will apply.
  
  
• Disclosed URPIB traders who intentionally are acting in other procedures not conducive to the FTN Doctrine will be Listed.
  
  
• Any deemed dishonourable Principal of any industry will also be listed.