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  …

Buying Sugar from Brazil 20 years ago if a buyer wanted to purchase sugar from Brazil, he had to deal with one central selling agency. Now he can buy directly from the Brazilian sugar mills or even foreign companies (investment funds) who own large suga …

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 require …

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  …

The Multi Million Ton Myth – Brazilian Sugar Scams Sugar buyers are often warned about scams in the sugar industry. Because this is such a large industry, and because there are so many dealers and brokers, not to mention buyers, sellers, and mills in  …

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 delibe …

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, telegr …

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 lev …

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 befo …

Trading Terms ASWP – This acronym stands for ‘Any Safe World Port’. It is quite common for sugar sellers to offer delivery to any safe world port of the buyer’s choice. BG – An acronym standing for ‘Bank Guarantee’, which is a financial instrumen …