FTN:ITB Inquiry to Buy

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©ITB- FORM: (INQUIRY TO BUY)
ADVISED TO A SUPPLIER IN POSSESSION OF GOODS

 “Academy of Global Intermediaries” (AGI) Adhering to the “Uniform Rules  and Practice for Intermediaries and Brokers” 2009 (URPIB)  
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Transaction Code :
Date e-mail sent :
Validity of Reply :


THIS "ITB" IS SOUGHT BY FTNX REPRESENTATIVE
NAME:
E-MAIL

ON BEHALF OF OUR PRINCIPAL
FTN Exporting C/O: CEO Davide Papa
P.O Box 468 Carlton North Melbourne Australia 3054
Facsimile; 613 93470003

Hereby defined as the buyer acting on behalf of an undisclosed principal.

For the confidential consideration by:
(Full details of supplier)




Hereby defined as Supplier or Producer in possession of goods being offered.



Dear Sir or Madam,
(If name is unknown)

Could your firm please provide us with a quotation for the following products for our formal purchase consideration. We would like the quote to remain valid for 10 days. Should it happen that we decide to buy such goods after the said expiration of validity becomes apparent, an updated price will be requested before issuing our purchase order. The goods and other information that we are seeking in support of the quote being sought is hereby advised;

(a) Product Name:

(b) Initial identifying produce grade:

(b) Quantity per Month:

(c) Total contract of supply per year

Please provide us with the following added information;

(d) Earliest Delivery date at FOB incoterms .
(e) Matter of packaging /loading defined:
(f) Initial first shipment Price in United States Dollars.
(g) Named Port of Loading.
(h) Name of Inspection Agency providing PSI Quality/Quantity assurance.

Should we proceed to make confirm purchase of offered products quoted, a formal procurement offer will be advised, in where once accepted a legally binding status becomes apparent. Once the offer is accepted, we would expect the issuance of a contract. Once the contract is returned as signed as per its terms and conditions, our financial instrument will advised within 7 days thereafter. Accordingly, offer and contract negotiation period should be applied so as not to exceed a 21 day period ,in where first delivery would be expected from 60 days or more thereafter. The quote given should be indicative of a Performance Guarantee issuance value of 1.50% of each shipment price of on board goods. Such a “P.G” will be required to issued once our financial instrument has been accepted.

FTN Exporting only applies to trade using strict safe procedures of acceptable compliance. FTN Exporting applies to only use UCP600 formatted financial instruments. We do not offer bank guarantees and the likes. In where multi shipments are ordered the said financial instrument to pay for goods will be advised as “Non cumulative revolving”, providing support to the whole contract value being purchased upfront. FTN Exporting applies to also use Delivery Rules as per Incoterms 2000, and URC 522 Collection Rules. Collection is applied by the supplier at sight of of clean delivery document presentation in where leading document of title shall be endorsed “To order” Notifying party FTN Exporting. We also apply to use English law of contract applications and foreign governance of such and expect that the issued contract will in part or fully, comply with such governing applications. FTN Exporting does not entertain DCL, ICPO, LOI type of transactions and our non transferable type of payment instrument is advised well in advance of future delivery.

We await your quotation if such is forthcoming for the mutual and fruitful benefit of both. Please do not hesitate to ask us any relevant questions, accordingly or now, all that is being sought is a well informed quotation, which adhere to safe and acceptable international trade practices.

Thank you.


(Name of issue) In print
Date :
Per FTN Exporting.






In Matters of Crude oil or Fuel being sourced (Not LNG)

Dear Sir or Madam,
(If name is unknown)

Could your firm please provide us with a quotation and or assurance of supply for the following products at FOB incoterms, for our formal purchase consideration. We would like the said assurance to remain valid for 10 days. Should it happen that we decide to buy such goods after the said expiration of validity becomes apparent, an updated price or assurance of supply will be requested before issuing our purchase order. We do not entertain Aramaco or OPEC primary contract of supply, accordingly no refinery information or destination information will be forthcoming. We are seeking a private confidential allocation of secondary market supply. The goods and other information that we are seeking in support of the assurance of supply being sought is hereby advised In accordance with Mediterranean Platts-


(a) Product Name:

(b) Initial identifying produce grade:

(b) Quantity per Month Metric Tons -/+10%

(c) Total contract of supply per year

Please provide us with the following added information;

(d) Earliest Delivery date at FOB incoterms .
(e) Named Port of Loading.
(f) Name of Inspection Agency providing PSI Quality/Quantity assurance.
(h) Name of transparent online bench mark indices used to establish price
(I) Define discount per BBL supplier prepared to provide buyer
In return for a Buyers added premium offer.
(j) The required Loading time /Rate should be indicated. Off shore pump capacity . Ships manifold coupling sizes.

Should we proceed to confirm purchase of offered products assured,a formal procurement offer will be advised, in where once accepted a legally binding status becomes apparent. The Procurement offer will apply advice as to the Premium that will be offered by the buyer to favour the supplier, for future date delivery based on the discount being offered by the Supplier to the Buyer.

Once the offer is accepted, we would expect the issuance of a contract. Once the contract is returned as signed as per its terms and conditions, our non transferable financial instrument will advised within 7 days thereafter. Accordingly, offer and contract negotiation period should be applied so as not to exceed a 21 day period,in where first delivery would be expected from 60 days or more thereafter. The discount given should be indicative of a Performance Guarantee issuance value of 1.50% of each shipment price of on board goods. Such a “P.G” will be required to issued once our financial instrument has been accepted.

FTN Exporting only applies to trade using strict safe procedures of acceptable compliance. FTN Exporting applies to only use UCP600 formatted financial instruments. We do not offer bank guarantees, SWIFT, SLCs and the likes for payment of initial goods ordered. In where multi shipments are ordered the said financial instrument to pay for goods will be advised as “Non cumulative revolving”, providing support to the whole contract value being purchased upfront. FTN Exporting shall issue a financial instrument based upon the price of Oil or Fuel offered less discount, with agreed upon premium added, 7 days after contract signing date, to prove Ready, Willing and Financially able status (RWA), based upon the benchmark price apparent at such contract signing date. The financial instrument shall have applied a plus or minus 5% tolerance factor and the goods shall apply a plus or minus 10 percent tolerance factor in where should the full price not be able to be applied at delivery time, amendments to the credit shall be advised as per Bill of Lading date, as advised in the contract that will ensure final arrived price per each delivery is adjusted for,or where a supporting standby credit will be issued from the difference of the established revolving credit value and the escalated price in any becomes apparent , as per each shipment value, month by month.

FTN Exporting applies to use Delivery Rules as per Incoterms 2000, and URC 522 Collection Rules. Collection is applied by the supplier at sight of of clean delivery document presentation in where leading document of title shall be endorsed “To order” Notifying party FTN Exporting. We also apply to use English law of contract applications and foreign governance of such and expect that the issued contract will in part or fully, comply with such governing applications. FTN Exporting does not entertain DCL, ICPO, LOI type of transactions and our non transferable type of payment instrument is advised well in advance of future delivery.

We await your supply assurance if such is forthcoming for the mutual and fruitful benefit of both. Please do not hesitate to ask us any relevant questions, accordingly or now, all that is being sought is a well informed supportive quotation and or assured supply , which adheres to safe and acceptable international trade practices.

Thank you.


(Name of issue) In print
Date :
Per FTN Exporting.

INTERMEDIARIES ARE VERY LIMITED IN THE METHOD THEY ARE ABLE TO SOURCE GOODS INFORMATION ONLY FOR INVITED EXPERIENCED FTNX AGENTS.

In matters of LNG
Apply the fuel application on ITB except adjust to ensure Designation Port is advised and CIF price is sought. Destination port for the month of July is “CIF Qingdao” China. Quantity is 140,000 MT.

FTNX Attached Invited Participating Agents-
Formulation : Fixed Premium and Discount advice-Crude oil only
(1) Go to www.wtrg.com - Take Nymex price of Crude.
(2) Go to FTNX board-”Price offer less discount to FTNX” Subtract API price of goods being SOUGHT, from taken Nymex price on any given day. This gives you FTNX required discount being sought .Apply to nearest ten cent value-

I.e: WTRG Nymex@ $63.50 per BBL subtract 32 API goods being sourced equals USD$49.70: FTN discount sought= Nymex less USD $13.80 per BBL

I.e: FTNX offers to Buy USD$ API 32 =USD$63.50 less fixed discount USD$13.80 per bbl FOB Plus Premium.

(3) Premium = Difference between “Price offer less Discount to FTNX and “ with “Premium FTNX buys at” I.e: USD$49.70 subtract from USD$55.80= USD$6.10

Added Premium that FTNX will pay to supplier after discount= USD$6.10 per Barrel.

(a) ITB advice issued to potential supplier carries 5 days validity.
(b) FTN offers Nymex price ( Apply price)
(c) Discount per BBL required :USD$13.80 per BBL
(d) FTNX will pay added premium every month after discount : USD$6.10 per BBL
(e) DLC opening value for full contract: USD$49.70 bbl + Premium USD$6.10
(f) BBL FTNX buy Price=USD$ 55.80 per BBL

SELL PRICE: :32 API USD$61.90 add FTNX floor expense+USD$63.10 less FTNX fixed discount to the buyer monthly- USD$6.10- Sell price USD$57.00 pr BBL FOB

FTN final gains to pay further expenses left over: USD$ 1.60 per BBL

With new shipment applied such needs new re formulation- Month by month.

(4) Advice formulation for fuels yet to be advised