PRILLED UREA 46% AVAILABLE
written by WCS at 12:52 PM on August 12, 2010
AUGUST 2010
WCS HAS SOURCED A DIRECT SUPPLIER "IN POSSESSION OF GOODS" FOR PRILLED UREA 46%
SUPPLIER IS ABLE TO EXPORT SMALL QUANTITIES STARTING AT 500MT
PRICING IS AVAILABLE FOR CIF AND FOB BASIS
AGENTS SOURCING END-BUYERS FOR THIS PRODUCT PLEASE ISSUE A WELL-FORMATTED RFQ FOR OUR REVIEW
LA
AUGUST TRAINING - STARTING THIS WEEK
written by WCS at 03:56 PM on August 04, 2010
AUGUST 2010
WCS HAS CLOSED APPLICATIONS AND INQUIRIES FOR AGENT TRAINING.
TRAINING SESSIONS BEGIN ON MONDAY AUGUST 9TH 2010
ALL AGENTS NEED TO HAVE THEIR APPLICATIONS AND PAYMENT BY THIS FRIDAY
WCS STAFF
CONSULTATION PACKAGE
written by WCS at 08:19 PM on July 19, 2010
JULY 2010
WCS IS NOW OFFERING CONSULTATION PACKAGES - AS WE DO NOT HAVE THE TIME TO SERVICE ALL INQUIRIES AND ORDERS - WE WILL OFFER 3-MONTH CONSULTATION PACKAGES FOR INTERMEDIARIES WHO NEED ASSISTANCE CLOSING A DEAL, SOURCING, UCP600 RULES, INCOTERMS AND CONTRACT/OFFER ISSUANCE
PLEASE CONTACT LUIS ARANGO AT: luis.arango@worldcommodityservices.com IF YOU ARE INTERESTED IN JOINING THE PROGRAM
WCS MANAGEMENT TEAM
WANTED PRODUCT: ETHANOL - ITB
written by WCS at 07:10 PM on July 11, 2010
JULY 2010
HOT > WANTED PRODUCT > ORDER IN HAND DIRECTLY FROM END-CLIENT : ALL WCS AGENTS NEED TO SOURCE A DIRECT ETHANOL SUPPLIER : NO COSCAN ALLOWED AS THEY ARE IN HUMAN RIGHTS VIOLATIONS AND WCS DOES NOT WORK WITH ANY SUPPLIER CONDUCTING BUSINESS THAT WAY
USE SOMETHING LIKE THIS >>
Something like -
Buyer: FTN Exporting via WCS
ITB
WCS is working in partnership with FTN Exporting - a private, independent, secondary-market Buyer and Seller of commodities in its own right.
Likewise, we often act on behalf of disclosed and undisclosed principals.
Our objective is to secure a long term supplier of fuel ethanol, for a large contract of supply -January 2011 CIF Port of Immigham Terminal Delivery London City U.K
Even though we are already proficient in Incoterms 3000 set for application January 2011- We will be buying such Hydrous Ethanol at Incoterms 2000 delivery rules.
FOB Insurance and Freight pricing application would also be acceptable.
We are specifically looking to secure a 5 year contract of supply.
We are prepared to pay an floating premium at fixed price contract application year per year - or at monthly review and premium based on a quarterly review, less a discount . We prefer to use the Cepa Brazilian benchmark , but will accept other acceptable transparent benchmark applications , less a discount for quantity.
For now all we need to know now is that supply can be assured for quantities exceeding 350 ,000 MT plus per year for 5 years. Any offer or information of a such a kind, provided now is only applied for matter of reference so that when the time comes we will be ready to enact such procedures without delays or misunderstandings. Product from Sth American producers/origin are only considered.
Buyer will be paying via a non transferable cumulative revolving UCP600 formatted Documentary letter of Credit as advised from an Australian leading bank . DLC shall be made collectable at sight of clean delivery documents per each shipment. Value of the credit is for 15 months , with a supporting credit advised 2 months prior to each financial instrument expiration date.
This letter is provided with the intent of securing one such a supplier early . Our fully defined and well informed offer to procure will be advised some time in October 2010 which will indicate commencement of formal buying procedures .
One supplier will be approached at a time accordingly this letter remains valid for 7 days of issue . Should no positive indication be expressed in writing via e-mail within validity period, such indicates that your firm was unable to assist with said product on this occasion.
Offer, contract negotiations and DLC deposit to be completed by early November 2010 for for first expected delivery commencing later January 2011.
Thank you,
WCS AGENT
WCS Representative
Ethanol Purchase Division
World Commodity Services
wwww.worldcommodityservices.com
Partner Email: luis.arango@worldcommodityservices.com
ABOUT IRON ORE / MINERAL DE HIERRO
written by WCS at 12:08 PM on June 23, 2010
JUNE 2010 - NEWS ALERT - SPANISH TRANSLATION
Anteriormente China ha comprado Hierro en el mercado primario principalmente a las empresas Vale, BHP Billiton y Rio Tinto. Sin embargo en los ultimos anos China ha acusado estas companias de mantener los precios artificialmente altos. La semana pasada China decidio rescindir unilateralmente sus contratos con Rio Tinto y comprar Iron Ore en el mercado secundario.
Esto es una excelente oprtunidad para WCS. Sin embargo es importante encontrar un productor mediano que no sea parte de estas tres companias. Los mayores productores en Latino America son Brazil (Empresa Vale), Venezuela (Ferrominera de Orinoco), y Chile. Peru y Bolivia tienen yacimientos grandes, pero la produccion es pequena.Colombia y Mexico producen mas que todo para consume domestico.
PARA MAS INFORMACION PORFAVOR CONTACTAR A WCS PARTNERS
LCK
WANTED: IRON ORE
written by WCS at 12:39 PM on June 17, 2010
© World Commodity Services referred as "WCS"
ITB- FORM: (INQUIRY TO BUY)
ADVISED TO A SUPPLIER IN POSSESSION OF GOODS
_______________________________________________________
Transaction Code : WCS-IO-001
Date e-mail sent : June 17, 2010
Validity of Reply : 10 days
THIS "ITB" IS SOUGHT BY WCS REPRESENTATIVE
NAME: Liz Cruz-Kaegi, PhD
E-MAIL: liz@worldcommodityservices.com
Please respond to representative only
World Commodity Services USA
506 Third Avenue
Haddon Heights, NJ 08035
Tel. (1) 856 534 9078
World Commodity Services COLOMBIA
Av 4n # 8n 37 Edificio El Castillo
Suite 2101 Cali, Colombia.
Tel. (57) 320 677 9092
Hereby defined as the buyer acting on behalf of an undisclosed principal.
For the confidential consideration by:
Hereby defined as Supplier Representative
Supplier
(Full details of supplier)
Hereby defined as Supplier or Producer in possession of goods being offered.
Dear Madam:
Could your firm please provide us with a quotation for the following products for our formal purchase consideration. We would like the quote to remain valid for 10 days. Should it happen that we decide to buy such goods after the said expiration of validity becomes apparent, an updated price will be requested before issuing our purchase order. The goods and other information that we are seeking in support of the quote being sought is hereby advised;
(a) Product Name
Iron Ore
(b) Initial identifying produce grade:
Fe 63%, Rejection 62.5%
(b) Quantity: 50,000 MT to 100,000 MT with possibility of year contract.
Please provide us with the following added information:
(c) Price at FOB Incoterms
(d) Earliest Delivery date .
(c) Matter of packaging /loading defined:
(d) Initial first shipment Price in United States Dollars.
(e) Named Port of Loading.
(f) Name of Inspection Agency providing PSI Quality/Quantity assurance.
Should we proceed to confirm purchase of offered products quoted, a formal procurement offer will be advised, in where once accepted a legally binding status becomes apparent. Once the offer is accepted, we would expect the issuance of a contract. Once the contract is returned as signed as per its terms and conditions, our financial instrument will advised within 7 days thereafter. Accordingly, offer and contract negotiation period should be applied so as not to exceed a 21 day period, in where first delivery would be expected from 60 days or more thereafter. The quote given should be indicative of a Performance Guarantee issuance value of 1.50% of each shipment price of on board goods. Such a “P.G” will be required to issued once our financial instrument has been accepted.
WCS uses UCP600 formatted financial instruments. We do not offer bank guarantees and the likes. In where multi shipments are ordered the said financial instrument to pay for goods will be advised as “Non cumulative revolving”, providing support to the whole contract value being purchased upfront. WCS uses Delivery Rules as per Incoterms 2000, and URC 522 Collection Rules. Collection is applied by the supplier at sight of clean delivery document presentation in where leading document of title shall be endorsed “To order” Notifying party WCS. We also apply to use English law of contract applications and foreign governance of such and expect that the issued contract will in part or fully, comply with such governing applications.
We await your quotation if such is forthcoming for the mutual and fruitful benefit of both. Please do not hesitate to ask us any relevant questions, accordingly or now, all that is being sought is a well informed quotation, which adhere to safe and acceptable international trade practices.
Thank you.
Liz Cruz-Kaegi
Managing Partner
World Commodity Services
TO ALL AGENTS - JUNE 2010
written by WCS at 12:36 PM on June 17, 2010
JUNE 2010
SUGAR INQUIRIES ARE BUILDING UP STRONG - PLEASE BE ADVISED THAT WCS DOES NOT REVIEW ANY INQUIRIES FROM MISINFORMED INTERMEDIARIES -
ALL OFFERS NEED TO COME FROM END-CLIENTS TAKING POSSESSION OF GOODS AT PORT.
LA
UREA
written by WCS at 12:32 PM on June 17, 2010
JUNE 2010
UREA INQUIRY HAS BEEN POSTED and RESPONDED TO ALREADY BY ONE OF OUR AFFILIATE AGENTS
WILL ADVISE ON OUR PRODUCT BOARD ONCE DETAILS ARE CONFIRMED
LA
RFQ APPLICATION
written by WCS at 03:59 PM on May 27, 2010
MAY 2010
ALL RFQ'S NEED TO BE SENT TO US ON COMPANY LETTER HEAD AND COMPANY INFORMATION
LA
RAW SUGAR
written by WCS at 12:55 PM on May 05, 2010
MAY 2010
WORLD COMMODITY SERVICES WAS JUST INFORMED OF THE POSIBILITY OF RAW SUGAR AVAILABILITY FROM BRAZIL - THROUGH OUR DIRECT SUPPLIER / EXPORTER -
BY TUESDAY OF NEXT WEEK WE WILL CONFIRM PRODUCT AVAILABILITY FOR ANY WCS AGENT INTERESTED
LA
PRODUCT IN HIGH DEMAND >> Superabsorbent Polymer
written by WCS at 12:06 PM on May 04, 2010
MAY 2010
BUYERS >>
DIAPERS PRODUCERS AND MANUFACTURERS (SMALL AND MEDIUM SIZE MANUFACTURERS)
BUYERS >>
FEMININE PROTECTION PRODUCERS & MANUFACTURERS
LA
WCS PROUDLY ANNOUNCES
written by WCS at 01:16 PM on April 26, 2010
APRIL 2010
THIS POSTING IS DEDICATED TO DAVIDE PAPA, CEO OF FTN EXPORTING WHO'S MENTORSHIP AND COACHING HAS DIRECTED WORLD COMMODITY SERVICES INTO A SOLID COMPANY.
DAVIDE IS THE PLANET'S BEST (AND ONLY) INTERMEDIARY EXPERT WITH YEARS OF EXPERIENCE DEALING WITH BULK COMMODITY TRADE DEALS.
PLEASE PURCHASE HIS PUBLICATION AND STUDY, STUDY, STUDY!!! DAVIDE'S METHODS ARE THE ONLY SOURCE OF APPLICATION VIABLE FOR ANY INTERMEDIARY LOOKING TO GET INTO THIS BUSINESS
PUBLICATION: INTERNATIONAL TRADE AND THE SUCCESSFUL INTERMEDIARY
ATT: WCS PARTNERS
SUGAR/RICE UPTADE
written by WCS at 07:36 PM on April 19, 2010
APRIL 2010
WCS HAS RECEIVED CONFIRMATION THAT RICE DEAL FOR BENIN HAS BEEN CONFIRMED -- AMENDMENT TO THE OFFER WILL BE ISSUED WITH NEW QUANTITY
SUGAR OFFER HAS BEEN RETURNED SIGNED/SEALED ON ALL PAGES >> SALES AND PURCHASE CONTRACT WILL BE ISSUED WITHIN 48 HOURS
MORE UPDATES ON THURSDAY
LA
SUGAR OFFERS ISSUED : 300,000MT BENIN
written by WCS at 01:03 PM on April 09, 2010
APRIL 2010
SUGAR OFFER HAS BEEN ISSUED TO END-CLIENT THIS MORNING FOR THE PURCHASE OF 300,000MT CIF BENIN
PROTECTION GUARANTEE: JEAN DE DIEU MINAKODE
NEXT TRANSPARENCY REPORT: APRIL 14TH 2010
HIGH SEAS - SUGAR AVAILABLE
written by WCS at 05:18 PM on March 29, 2010
MARCH 2010
DUE TO DEMAND IN INDIA AND NEARBY REGIONS >> WCS SUPPLIER IS NOW OFFERING LOTS OF 100,000MT HIGH SEAS SHIPMENTS EVERY 15 DAYS STARTING APRIL 10TH 2010
PLEASE SEND RFQ OR LETTER OF INTENT FOR HIGH SEAS ORDERS
PAYMENT METHOD ACCEPTED: MT103/23
LA
ICPO/LOI IGNORANT PROCEDURES
written by WCS at 10:44 AM on March 20, 2010
MARCH 2010
ICPO / LOI IGNORANT PROCEDURES POSTING HAS BEEN PRODUCED ON OUR RESTRICTED AREA FOR WCS AGENTS --
HERE'S A TASTE OF WHAT YOU CAN FIND....
|
MATTERS OF RUSSIA - CRUDE - FTN POSTING
written by WCS at 09:34 AM on March 12, 2010
MARCH 2010
Please be advised that the United States and the Russian Federation are signatories to the Hague Convention of October 5, 1961. In accordance with the Convention, in order for U.S. documents to be valid in Russia, they must bear an Apostille - certificate confirming the capacity of the government official signing the document, authenticity of the signature and, where appropriate, of the seal or stamp on the document. Documents with Apostille do not require any further legalisation. (Apostille: A notation. A marginal note:Noted-)
As it applies to USA Government so does it applies to many other countries - Accordingly if you get goods from Russian intermediary , then the contract in matters of export has to be endorsed by the government Authority allowing exporting goods , unless the company is a government owned body-
So much for the many Crude oil offer out there-
Upon legalisation of contract by Ministry of Energy, Russia Federation, copies of legalised contract issued are exchange to all parties within one week of signatory electronically.
And typically some of the main delivery documents- to included ;
Copy of License to Export: Department of the Russian Ministry of Energy
Copy of Approval to Export: Department of the Russian Ministry of Justice
Copy of Statement : Availability of the Product
Copy of the Russian Refinery Commitment to Produce the Product
Copy of Transneft pipeline Contract/ to Port of loading
Copy of the Russian Port Storage Agreement
Copy of Tank Receipts and SGS Report
In effect- you get an offer for Russian fuels/Crude- then test the offer - Ask the “Seller” to stipulate delivery documents - If you get something like above , continue If not- RF it .
FUEL MT to GALLONS
written by WCS at 03:23 PM on February 24, 2010
MARCH 2010
CONVERTION RATES
AGREED UPON CONVERSION RATE:
http://www.eppo.go.th/ref/UNIT-OIL.html
SUGAR SMALL OFFERS
written by WCS at 09:57 PM on February 23, 2010
FEBRUARY 2010
WCS IS OFFERING SMALL SUGAR QUANTITIES USING DIFFERENT PAYMENT METHODS
PLEASE SEND YOUR RFQ FROM END-BUYER ONLY - NO MISINFORMED INTERMEDIARY OFFERS ENTERTAINED
LA
MATTERS OF FRAUD
written by WCS at 11:59 AM on February 22, 2010
SOME WORLD BANK RULES
Until May 2004, the fraud and corruption provisions were contained in paragraphs 1.15(a) and 1.25(a) of the Procurement Guidelines and the Consultant Guidelines, respectively. Revisions to the Guidelines in May 2004 resulted in a new paragraph numbering of 1.14(a) and 1.22(a) respectively. In October 2006, the provisions were again revised, although the relevant paragraph numbering remained as 1.14(a) and 1.22(a) respectively.
The relevant excerpts of the Guidelines for Procurement under IBRD Loans and IDA Credits prior to May 2004 follow:
Fraud and Corruption
It is the Bank’s policy to require that Borrowers (including beneficiaries of Bank loans), as well as bidders/Suppliers/Contractors under Bank-financed contracts, observe the highest standard of ethics during the procurement and execution of such contracts. In pursuance of this policy, the Bank:
(a) defines, for the purposes of this provision, the terms set forth below as follows:
(i) “corrupt practice” means the offering, giving, receiving, or soliciting of any thing of value to influence the action of a public official in the procurement process or in contract execution; and
(ii) “fraudulent practice” means a misrepresentation of facts in order to influence a procurement process or the execution of a contract to the detriment of the Borrower, and includes collusive practices among bidders (prior to or after bid submission) designed to establish bid prices at artificial, non-competitive levels and to deprive the Borrower of the benefits of free and open competition;
Fraud and Corruption
1.25 It is the Bank’s policy to require that Borrowers (including beneficiaries of Bank loans), as well as consultants under Bank-financed contracts, observe the highest standard of ethics during the selection and execution of such contracts. In pursuance of this policy, the Bank:
(a) defines, for the purposes of this provision, the terms set forth below as follows:
(i) “corrupt practice” means the offering, giving, receiving, or soliciting of any thing of value to influence the action of a public official in the selection process or in contract execution; and
(ii) “fraudulent practice” means a misrepresentation of facts in order to influence a selection process or the execution of a contract to the detriment of the Borrower, and includes collusive practices among consultants (prior to or after submission of proposals) designed to establish prices at artificial, noncompetitive levels and to deprive the Borrower of the benefits of free and open competition;
The relevant excerpts of the current Guidelines for Procurement under IBRD Loans and IDA Credits (May 2004, revised October 2006) follow:
Fraud and Corruption
1.14 It is the Bank’s policy to require that Borrowers (including beneficiaries of Bank loans), as well as bidders, suppliers, and contractors and their subcontractors under Bank-financed contracts, observe the highest standard of ethics during the procurement and execution of such contracts. [18] In pursuance of this policy, the Bank:
(a) defines, for the purposes of this provision, the terms set forth below as follows:
(i) “corrupt practice” [19] is the offering, giving, receiving or soliciting, directly or indirectly, of anything of value to influence improperly the actions of another party;
(ii) “fraudulent practice” [20] is any act or omission, including a misrepresentation, that knowingly or recklessly misleads, or attempts to mislead, a party to obtain a financial or other benefit or to avoid an obligation;
(iii) “collusive practice” [21] is an arrangement between two or more parties designed to achieve an improper purpose, including to influence improperly the actions of another party;
(iv) “coercive practice” [22] is impairing or harming, or threatening to impair or harm, directly or indirectly, any party or the property of the party to influence improperly the actions of a party;
(v) "obstructive practice" is
(aa) deliberately destroying, falsifying, altering or concealing of evidence material to the investigation or making false statements to investigators in order to materially impede a Bank investigation into allegations of a corrupt, fraudulent, coercive or collusive practice; and/or threatening, harassing or intimidating any party to prevent it from disclosing its knowledge of matters relevant to the investigation or from pursuing the investigation; or
(bb) acts intended to materially impede the exercise of the Bank’s inspection and audit rights provided for under par. 1.14 (e) below.
[18]In this context, any action taken by a bidder, supplier, contractor, or a sub-contractor to influence the procurement process or contract execution for undue advantage is improper.
[19]For the purpose of these Guidelines, “another party” refers to a public official acting in relation to the procurement process or contract execution]. In this context, “public official” includes World Bank staff and employees of other organizations taking or reviewing procurement decisions.
[20]For the purpose of these Guidelines, “party” refers to a public official; the terms “benefit” and “obligation” relate to the procurement process or contract execution; and the “act or omission” is intended to influence the procurement process or contract execution.
[21]For the purpose of these Guidelines, “parties” refers to participants in the procurement process (including public officials) attempting to establish bid prices at artificial, non competitive levels.
[22]For the purpose of these Guidelines, “party” refers to a participant in the procurement process or contract execution.
The relevant excerpts of the current Guidelines for the Selection and Employment of Consultants by World Bank Borrowers (May 2004, revised October 2006) follow:
Fraud and Corruption
1.22 It is the Bank’s policy to require that Borrowers (including beneficiaries of Bank loans), as well as consultants and their sub-consultants under Bank-financed contracts, observe the highest standard of ethics during the selection and execution of such contracts. [16] In pursuance of this policy, the Bank:
(a) defines, for the purposes of this provision, the terms set forth below as follows:
(i) “corrupt practice” [17]is the offering, giving, receiving or soliciting, directly or indirectly, of anything of value to influence improperly the actions of another party;
(ii) “fraudulent practice”[18]is any act or omission, including misrepresentation, that knowingly or recklessly misleads, or attempts to mislead, a party to obtain financial or other benefit or to avoid an obligation;
(iii) “collusive practices”[19] is an arrangement between two or more parties designed to achieve an improper purpose, including to influence improperly the actions of another party;
(iv) “coercive practices”[20] is impairing or harming, or threatening to impair or harm, directly or indirectly, any party or the property of the party to influence improperly the actions of a party;
(v) “obstructive practice” is
(aa) deliberately destroying, falsifying, altering or concealing of evidence material to the investigation or making false statements to investigators in order to materially impede a Bank investigation into allegations of a corrupt, fraudulent, coercive, or collusive practice; and/or threatening, harassing, or intimidating any party to prevent it from disclosing its knowledge of matters relevant to the investigation or from pursuing the investigation; or
(bb) acts intended to materially impede the exercise of the Bank’s inspection and audit rights provided for under paragraph 1.22(e) below.
[16]In this context, any action taken by a consultant or a sub-consultant to influence the selection process or contract execution for undue advantage is improper.
WCS FAQ
written by WCS at 09:47 AM on February 12, 2010
1. What is WCS?
WCS (World Commodity Services) is a buyer/seller of physical commodities acting on behalf of undisclosed principals. We source products such as sugar, ethanol, Iron ores, fuels, etc... from Suppliers in possession of goods and sell to End Buyers taking title and possession of the product.
2. What are WCS Rules of Trade?
WCS adheres strictly to UCP 600 DLC issuance Rules, Incoterm 2000 Rules of Delivery, URC 522 Collection Rules, URPIB ©, English Language Contract and Foreign Governance of such.
3. What are WCS Trade Procedures?
(1) Offer issuance/Acceptance: Allow 15 days minimum
(2) Contract issuance/Acceptance : Allow 15 days minimum
(3) DLC issuance /Acceptance: Allow 7 days there after
(4) P.G Issuance /Acceptance (If needed): Allow 3 days there after
( 5) Presentation of delivery documents at Sight Allow 50 days minimum there after
(6) Collection per each delivery allowed
(7) Deal closed: Next Shipment delivery applied for at defined revolving delivery.
4. What is URPIB © ?
URPIB© is a set of rules of trade recommended specifically for intermediaries, agents, brokers. These rules were designed by International Trade Negotiator, David Papa, author of the book: International Trade and the Succesful Intermediary.To request a copy of URPIB© send an e-mail to info@worldcommodityservices.com or visit: http://www.itsi.itgo.com/blank.html
5. Which forms of payments are accepted by WCS?.
To protect the interests of every party involved in a deal, WCS uses the best trade applications. Thus, the preferred payment instrument is a UCP 600 Irrevocable, Confirmed Documentary Letter of Credit. The credit must be issued from a Top 100 world class safe bank. We do not make transactions based on wired transfers, advanced payments or any other similar form of payment.
6. What are RFQ and OTS
A RFQ (Request for Quote) and OTS (Offer to Sell) are forms that we ask Buyer and Suppliers respectively to submit to WCS when sourcing for product or offering product for WCS product board. You can also submit the information by going directly to our website at http://worldcommodityservices.com
7. Why doesn't WCS accepts LOI, BCL, RWA, or ICPO?
LOI, BCL, RWA and ICPO are documents used in a two party deal when end buyer is negotiating directly with supplier. WCS is a intermediary buyer/seller. We trade only in the title of the goods (documents). We buy at a certain price from the supplier and sell at a slightly higher price to the end buyer. The difference is our commission for negotiating the deal. Therefore any transaction involving WCS is a three party deal. To protect our commission and avoid circumvention we contract with the supplier and the end buyer separately. One side never crosses the other and the only document that protects the intermediary is the issuance of a DLC.
5. I'm a sourcing intermediary, how will WCS handle my commission payments?
As stated above, WCS deals on behalf of undisclosed principals, as a sourcing intermediary you sign an Intermediaries Payment¡ Guarantee (IPG) with us and disclose the name of your supplier or buyer. When the deal closes, WCS will take a commission from the difference between the buy price and sell price. Part of that commission will go to you. For more information consult URPIB© .
6. Why WCS doesn't use NCNDA and MPA?
Non Circumvent Non Disclosure Agreement and Master Payment Agreement are used by intermediaries when they step back from a deal and allow the End Buyer and Supplier to negotiate directly. We do not believe that a NCNDA and MPA offer enough protection. WCS acts either as a Mandate from a direct supplier or as an Intermediary Buyer/Seller acting on behalf of undisclosed principals. In the first case we don't need a NCNDA because we have an agreement in place with the Supplier and we only sell to End Buyers taking possession and title of goods. In the second case, we avoid circumvention by never letting the supplier side cross to the buyer side. In the case of sourcing intermediaries or brokers, please read Question # 5. For more information about NCNDA, read our blog posting at http://worldcommodityservices.com/tradeblog.php?blogId=19
For more information on WCS please submit your questions at our website:
worldcommodityservices.com or contact us at info@worldcommodityservices.com
