In this industry there are hundreds of thousands of agents, brokers and re-sellers who are trading sugar (and other commodities like oil, cement, urea, iron ore, etc..) from their home. It’s safe to say that 99% of these traders will never achieve a sign …

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  …

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  …

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 …

Bank Guarantees Bank guarantees are commonly used financial instruments in the sugar industry. Primarily they are used to provide protection to the seller, and an assurance that no matter what happens on the buyer’s end, funds are in place and available t …