FTN EXPORTING ©"OTS"
© FTNX: Australian Business Number ABN:B2144654K
P.O BOX 468 CARLTON NORTH 3054
MELBOURNE, AUSTRALIA Facsimile: (61 03 ) 9347 0003
E-MAIL General: Davide_ftnexporting@yahoo.com.au
E-MAIL Private: ftnexportingceo@bigpond.com
No phone number provided until contract issuance
AGI
ACADEMY OF GLOBAL INTERMEDIARIES
© ftnexporting@yahoo.com OTS Model
ADVANCED PROCEDURES: ITSI
As per FTN Exporting Trading Doctrine
POSTED “ OTS” FORM UPDATE: 16th December 2009 JULY 2009
USE: Purchaser of ITSi make my work easier to apply , because I don't need to explain every single aspect of trading, therefore lets get straight to the point in matters of defining forms like this "OTS". This type of form is provided by the intermediary to the Supplier making and inquiry to such by e-mail. You should practice making you own style of such a form as best suited to your needs. Very simple 'OTS" forms can be made to apply as a direct e-mail application,s but such often don't look very professional. Even while writing amongst your own trading group, forms should always apply- In matters when a deal become apparent, as such is the best way to keep track and files of the inquiries made -The Intermediary is looking for well informed information so such can conduct due dilligence of such via the net. It also ensures that another misguided seller is not apparent for most times- as you will only deal with a Supplier in possesion of goods being offered. If the initial e-mail already defines such good information , then asking for an OTS to be filled in is not appropriate. In essence if you get a basic e-mail as per our example-
Typical Example:
We are pleased to inform the supply of Coal 5200 Grade, at USD$39.00 per MT Indonesia FOB .
The above type inquiry is simply not good enough, and assuming the approach was made by an entity to you, then asking for the OTS to be filled in before you will consider "Buying" such, is the best way to stop wasting time by obtaining good information for you to check. If you are looking for a supplier directly then asking for a quote or offer or even producing a good looking PDF or Jpeg type ITB is the best approach.
IN SUMMARY OF ABOVE:
(a) OTS: Offer to sell form- is advised when a entity is making a weak inquiry, offering goods to the intermediary.
(b) An OTS is asked to be filled and returned for your purchase consideration.
(c) An OTS is best issued as a PDF/Jpeg in where the supplier scans a copy, fills it in by hand, rescans it and returns it to you in PDF form.
(d) Those who use Mac, Appleworks does the job via Drawing application. MS Users Powerpoint is the application.
(e) The OTS by defualt becomes the supplier's Offer. The Intermediary is converying to the supplier on how such an intermediary is able to perform. In essence there is a lot more than meets the eye when issuing a "OTS"
(f) If it is found out that another intermediary has the supplier; IF another one intermediary has the supplier and is willing to "Step back" to you for your protection of commisson, then add the following under your header (below) - Such is reminded to look at the URPIB rules of which you are following. He remains transparent to the deal as your 'PI" until failure of success is implied.
(g) All such appies if you have declared to be a URPIB Trader- without such means you are a private trader who working uder your own procedures-
Detail issued by and entity looking for Commisson protection of the "buyer" (If apparent) Yes: ( ) No: ( )
Name:
E-mail:
I.D Number
Note: Intermediary must disclose all others involved on a separate advice when surrendering “OTS” to buyer:
Typical information sought when producing a OTS.
PDF model will be disclose later showing actual final document format, on how your document should look like.
(URPIB Logo)
(Letter Head)
(Form Start)
OTS
(Offer to Sell)
Marked as “Original”
Internet trading allowed up to Offer Issuance/ Acceptance stage
As returnedfrom Supplier to Buyer
Non legally binding inquiry.
(Mark with (X) as Required)
"OTS" issued by the Buyer:
Name of Buyer: FTN Exporting
E-mail:
Date of issue:
Transaction code:
Returned to the buyer by the Supplier in possession of goods ( )
Returned by Mandate holder /Agent of the supplier ( )
(Please retrn OTS with jpeg/pdf copy of official Mandate ship Papers)
For the attention of the Buyer
© FTN EXPORTING (TRADING HOUSE)
© FTN Exporting Australia : Australian Business Number ABN:B2144654K
AGI: Education Division: Intermediaries/ Buyers/Sellers ABN:B2043651G
P.O BOX 468 CARLTON NORTH 3054 MELBOURNE, AUSTRALIA
Facsimile: (61 03 ) 9347 0003 : Phone ( on contract only)
E-MAIL General: Davide_ftnexporting@yahoo.com.au
Defined as the Buyer securing title of of goods on behalf of an undisclosed principal
Goods offered by the following Supplier
Corporate name of Supplier :
Registered Business Number :
Name of Export manager :
Postal Address :
Phone ( Inc; Area Codes)
Facsimile :
E-mail address :
Web site address :
Hereby defined as the Supplier /Producer holding possession of goods .The term seller gives reference to such.
SUPPLIERS OFFER
I , the affirmed supplier or authorised signatory of the above named disclosed supplier /producer holding position and capacity of such do here by offer the following goods, for the said buyers purchase consideration.
International Name of Product :
Name:
International Specifications/ Grade/Standards applied:
Grade:(Main specification; Full specification must apply on contract)
Packaging
(Please define bags lots/Export grade packaging material used)
Packaging Details:
Named Port of loading as per FOB incoterms:
Country........................ . Name of Port:.
....................................
First and Earliest Future Date of Delivery:
(90 days or later from offer date )
Date: ......................... Day of ............ 2009
Quantity offered in Metric Tons/M3/BBL per shipment
Each shipment range load offered: Min/ Max
(1):
Shipment offered per month :
(1): We offer ( ) Shipments per month for( ) Months
Name of Bank accepting Irrevocable NON TRANSFERABLE UCP600 DLC payment advice.
Name of Bank :
Address :
Country /City :
Name of pre shipment quality and quantity inspectors service offered:
On Board ( ) Along side ship( ) Warehouse factory ( )
Name of inspection service:
Note: Quote to included “Certificate of Origin” made for the account of the buyer.
How long are we able to consider purchasing such goods for :
(Must be for 10 days or more- 1 month or more preferred )
BUYER may consider purchasing offered goods for ( ) Days
IF EXTESTION IS REQUIRED WILL SUCH BE GRANTED EVEN AT NEW PRICES: YES ( ) NO( )
CONFIRM : We are offering delivery FOB..( ) as per Incoterms 2000
If FOB price is accepted is CFR/CIF quote available upon request:Yes ( ) No ( )
We are offering FCA( ) CIP ( ) : CIP Available upon request :Yes ( ) No ( )
Note: 50 x 20ft FCl or less per month single or Multi not considered
Price basis ( Mark as Appropriate : Add more info in comments section if need be)
(1) IF Benchmark to be used, Less discount plus a buyer premium:( )
(2) Define Benchmark supplier prefers to use: Http// www.
(3) DEFINE A PREMUIM IF ANY THAT THE SUPPLIER SEEKS:USD$
(4) DEFINE DISCOUNT FROM ABOVE BENCH IF IS ANY IS GIVEN:USD$
(5) Currency Preferred : USD( ) EURO( ) OTHER:
(6) IF FISED PRICE IS OFFERED : First shipment Delivery Price $:
(7) Subsequent delivery: ( ) Consecutive days after the first
Are you offering a Performance Guarantee once buyers payment is accepted:
IF YES; Please state percent of goods value you are offering as a P.G:
P.G percent value offered is :>>>>>% NO P.G OFFERED:( )
Rules of Trade:
Buyer informs the seller that the minimum rules of application shall included Incoterms Rules of Delivery , UCP600 DLC issuance Rules, URC 522 Collection Rules, English Language Contract and Foreign Governance of such.
Supplier and Buyer agree to the following procedures, should buyer proceed to buy said goods;
(1) Buyer issues Offer to procure/ Supplier Acceptance: Allow 5 days minimum
(2) Supplier issues Contract/ buyer Acceptance : Allow 21 days minimum
(3) Buyer issues DLC /Supplier Accepts: Allow 7 days there after
(4) (If applicable) Supplier Issues P.G /Acceptance: Allow 3 days there after
( 5) Presentation of delivery documents at Sight:Allow 60 days minimum there after
(6) Collection per each delivery allowed to apply by the supplier
(7) Deal closed: Next Shipment delivery applied for if defined as revolving delivery.
RELEVANT COMMENTS:
(Any other important general comments please place here in the simplest form)
SUPPLIERS DECLARATION:
I, the supplier or signatory of such as identified on this OTS form do hereby inform the buyer that we can supply offered goods as per the details of this offer. Accordingly we offer the said goods with good and honourable intent, and may withdraw our intent to supply such goods anytime without notice or obligations once validity has expired. We the supplier will verify the details of this OTS as a non legally binding offer, subject to contract accpetance.
if advised to so by the buyer in writing, the supplier shall advise to verify the intrestes of the purchase once only, to any appropriate third party stating the transaction code applied, including the Buyers Bank, lawyer, or Accountant, and to do so without disclosing the buying price, and only mentioning that the buyer has or is purchasing such goods, once contract to purchase has been accepted by the buyer and seller.
Date
Signed
Stamp/Seal
BUYERS CONFIRMATION:
I, the said buyer has considered the offer and do hereby accept as such, for said goods offered, As non leglaly binding subject to final contract. I confirm that I am not Ready, Willing and Financially able to purchase such goods but will be in such a financial position to do so within 7 days after the contract is returned as signed. The buyer hereby advises the supplier to please issue draft contract by e-mail in Microsoft DOC format.
Print Name
Provide copy of signature:
Buyer returns OTS Confirmation to the supplier by PDF e-mail.