Icumsa 45

Incoterms 2000 and Shipping Abbreviations

Here is a list of most commonly used shipping abbreviations and Incoterms 2000:
A/W : All Water
ANER : Asia North America Eastbound Rate
AWB : Air Waybill
B/L : Bill of Lading
B/R : Buying Rate
BAF : Bunker Adjustment Factor
C&F : Cost and Freight
CBM [...]

Trading Fraud

Winning The War Against Fraud
By Andrej Lavrenc – Independent commodity sourcing agent, and CEO of Raw Polymers Ltd.
Win The War Against Fraud
Buyers, sellers and brokers all share a common enemy: the scammer. With each passing year, scammers seem to become more ubiquitous, preying on the strong and the weak alike, and making off with billions of dollars [...]

Frequently Asked Questions

How Can I Obtain A Soft Quote?
A soft quote can be obtained by contacting us and outlining the details of your desired order. We will need information pertaining to the quantity of sugar required, the type of sugar required, the grade of sugar required, and any other requirements you may have. We will also need to know [...]

Shipping Documentation

When sugar is shipped, there are many documents which accompany it. Some of these documents are required in order for the seller to be paid, others are required in order that the shipment can be imported into a foreign country, and still others provide assurances that the sugar meets the requirements set out in the [...]

Firm Corporate Offer (FCO)

Firm Corporate Offer
The following article details the basic elements of the standard FCO (Firm Corporate Offer also known as Full Corporate Offer) which we issue to buyers prior to signing a final contract. This is for the reference of potential buyers who may wish to gain a greater understanding of our trading procedures.
FCO Details
We trade [...]

Proof of Product

Proof of Product
An essential document in the sugar trading negotiation process is the proof of product. The PoP is sent bank to bank, (from the seller’s bank to the buyer’s bank), and is documentary evidence that the product exists. The PoP is crucial from the buyer’s perspective, and buyers should care that the proof of [...]

Sugar Trading Myths

There is a great deal of misinformation circulating regarding various elements of the sugar trading business. Some of these false facts have resulted from simple misunderstandings which have then been widely propagated , and other untruths have been deliberately engineered by unscrupulous types who seek to scam honest traders.
The following seeks to clarify some of [...]

SWIFT MT-103

SWIFT MT103
SWIFT MT-103’s are the most commonly used form of SWIFT communication, and one which many people will have utilized without even knowing it. For most bank customers, they are known not as MT-103’s at all, but rather as wire transfers, telegraphic transfers, or SWIFT transfers. A SWIFT MT-103 is used by the bank when [...]

SWIFT MT-760

SWIFT MT760
The MT-760 is a type of SWIFT message that is sometimes requested in sugar trading because it functions much like a Bank Guarantee, although it carries with it a much higher level of risk for the issuer (usually the buyer), and a reduced level of risk for the recipient (the seller). Essentially, a MT-760 [...]

MT799 – What is a SWIFT MT-799?

SWIFT CODE MT 799
When trading sugar there are multiple documents and forms requested by both parties. One of the more commonly requested, but lesser understood documents is the MT-799. Many sugar sellers will request that the buyer issue an MT-799 before they provide proof of product, or proceed beyond the initial stages of the sale. [...]