Icumsa 45

Commodity Trading Manual for Intermediaries

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…  there are hundreds of thousands of agents, brokers and re-sellers who are trading sugar (and other commodities like oil, cement, urea, …  everyone gets it – this is not how it’s done! Buyers, sellers and brokers all share a common enemy: the scammer. It is safe to say …

Sell Sugar to Us

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…  final Contract.  These are our buying procedures:  a) Sellers sends us the offer b) Contract is drafted and accepted c) Documentary …

Trading Fraud

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…  Polymers Ltd. Win The War Against Fraud Buyers, sellers and brokers all share a common enemy: the scammer. With each passing …  to keep things real. This booklet/site will teach brokers, sellers and buyers how to avoid scams and seal real deals which will ensure …

Frequently Asked Questions

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…  to use is also a factor in determining the price of sugar. Sellers like safe forms of payment, and not all forms of payment are created …  I See SGS Reports Prior To Sending An LOI? No, sellers do not supply SGS reports prior to opening negotiations. Proof of …

Icumsa 45 – Brazilian Sugar

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…  that the sugar trade is a global one, and often buyers and sellers will be operating in completely different parts of the world, not to …

Proof of Product

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…  international reputation for honesty and reliability. Sellers are sometimes reluctant to offer SGS certificates as a PoP, as SGS …  is made prior to the confirmed shipping of the sugar. Sellers may try to ask for down payments, or demand other forms of payment, but …

Brazilian Sugar Scams

Archived under Icumsa 45

…  are so many dealers and brokers, not to mention buyers, sellers, and mills in the world, it can sometimes be difficult to gage what is …  scammers out there, but there are also a great many honest sellers, brokers, and mills who will contribute to the success of your …

Sugar Trading Myths

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…  entering into a contractual agreement with a seller. Most sellers will prefer this, and many will insist upon it, but it is not an …  Liability It is natural that both buyers and sellers seek to have documents verified, confirmed, or guaranteed by major …

SWIFT MT-103

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…  advance can leave a buyer open to fraud, and few, if any sellers, will send sugar before they receive payment or a guarantee backed by a …

MT799 – What is a SWIFT MT-799?

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…  but lesser understood documents is the MT-799. Many sugar sellers will request that the buyer issue an MT-799 before they provide proof …