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  …

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 …

Letter Of Credit The safest and most common form of payment in international sugar trading, letters of credit provide a means of payment which extends the maximum possible amount of protection to both buyer and seller. A letter of credit provides assuranc …