ABOUT POP, POF

<sup>FTN Exporting and the FTNX

ADVICE FOR SUPPLIERS, END BUYER, AND OUTSIDE NON AFFILIATED INTERMEDIARIES</sup>

^{FTN Exporting buys goods from suppliers. FTNX then sells such goods to End buyer- This is the nature of business applied by FTN Exporting and registered associated representatives.}

^{SUCH ASSOCIATED REPRESENTATIVES HAVE SPENT MONEY AND TIME TO BE INFORMED ON WHAT IT TAKES TO BECOME A PROFESSIONAL INTERMEDIARY. THEY PRACTICE AND STUDY OVER THE LONG TERM THE VERY SAME PROCEDURES THAT AN END BUYER MUST APPLY WHEN DEALING WITH A SUPPLIER DIRECT WHICH TAKES A LONG TIME TO LEARN FULLY. THEY DO NOT DEAL WITH UNWORKABLE , AMBIGUOUS , FLAWED STUPIDLY CONCEIVED EDICTS OF LOI, ICPO, BCL, POF, POP, ASWP, MT SWIFT, SLC, BG, MPA, NCNDA, AND THE LIKES.}

^{FTNX agents are Professional Intermediaries- The first of their type, acting under a set of very unique , legally effective, uniform rules of trade as created and well tested by FTN Exporting for over 20 years. FTNX exporting intermediaries have nothing to do with the 99.9% of intermediaries as found on the net using the above said flawed trading applications. FTN obtains the best price it can from the supplier on the goods it is buying, adds a small FTNX operating expense and resells such goods as seller, to it own secured end buyers. One side of the deal has nothing to do with the other.}

^{FTN EXPORTING (AND REPRESENTATIVES ) SEARCH THE PLANET FOR MUCH WANTED GOODS. MANY MONTH OR YEARS ARE SPEND SEARCHING FOR AND SECURING MUCH WANTED GOODS AT A MOMENTS NOTICE- GREAT PERSONAL EFFORT, SKILL AND EXPENSE APPLIES IN SECURING SUCH GOODS FROM ONLY SUPPLIERS HOLDING POSSESSION OF SUCH GOODS BEING SOUGHT AS OWNERS. FTN DOES NOT CONSIDER OFFERS TO BUY OR SELL GOODS FROM OTHER SELLER S, BUYERS OR SOURCING INTERMEDIARIES AND THAT ALL SUCH OFFERS ARE TRASHED ONCE RECEIVED UNLESS THE OUTSIDE NON URPIB INFORMED SOURCING INTERMEDIARY IS PREPARED TO “STEP BACK” AND DISCLOSE THEIR SOURCE TO THE INFORMED URPIB SELLER AND BUYER. IN RETURN FOR SURRENDERING SUCH HARD EARNED VIABLE AND VALUABLE INFORMATION THE SOURING INTERMEDIARY BECOMES ATTACHED TO THE DEAL AND HAS HIS COMMISSION PROTECTED BY THE URPIB TRADER UNCONDITIONALLY. SUCH A TRADER IS ALSO PRIVY ON HOW SUCH DEALS MUST CLOSE .}

^{FTN exporting has many clients who often seek such much wanted products. FTN Exporting are not mandated agents to supplier and purchase such goods at will, most of which are reserved as allocations. FTN Exporting often has a certain time frame to perform purchase with its supplier and if unsafe practices arise with matters of contract, often allocated goods will not be purchased.}

^{THE FTNX ONLY APPLIES ENGLISH FOREIGN LAWS GOVERNANCE IN MATTERS OF CONTRACT, UCP600 DLC RULES OF TRADE, INCOTERMS 2000 RULES OF TRADE, URC 522 COLLECTION RULES AND “URPIB” INTERMEDIARY RULES AS CREATED BY FTN EXPORTING -  FTN EXPORTING USES THE VERY SAME RULES AND LAWS THAT ARE USED BY MOST END BUYERS AND SUPPLIERS TO SUPPORT ITS OWN APPLICATION IN A VERY SPECIFIC ALLOWABLE LEGALLY ENFORCEABLE AND APPLICABLE MANNER. FTN ONLY TRADES WITHIN THE SAFE SUPPORT OF SUCH RULES.
SUCH RULES PROTECTS THE END BUYER, PROTECTS SUPPLIERS AND INDEED PROTECTS THE INTERMEDIATE ‘SELLER/BUYER”}

^{Because the option to purchase is held by FTN Exporting and that, among other things; because FTN has no storage facilities for such scare commodities it has sourced, then FTN Exporting cannot obtain possession of goods being purchased. FTN exporting purchase the title to the goods , and sells such title to the their end buyer. No different if there were no intermediaries involved in a deal.This is the main reason it cannot also obtain possession of goods, because it needs the said tile to be surrendered to make the resale.}

^{AN END BUYER BUYS FROM A SUPPLIER DIRECTLY , OBTAINS TITLE TO THE GOODS FIRST, PAYS FOR THE GOODS- THE THEN VESSEL CARRYING THE GOODS ARRIVES AT THE END BUYERS PORT 30 0R 40 DAYS LATER- THE BUYER PRESENTS HIS TITLE TO OBTAIN POSSESSION OF THE GOODS-
THE END BUYER OWNS THE GOODS ONCE SUCH PASSES THE ‘SHIPS RAILS IN THE PORT OF LOADING.” AS IT APPLIES TO AN END BUYER BUYING FROM A SUPPLIER SO MUST IT APPLY WHEN PROFESSIONAL EDUCATED INTERMEDIARIES ARE INVOLVED IN A DEAL.}

^{It now speaks to reason that if any other end buyer approaches our supplier the supplier will sell such goods to the end buyer. This could place FTN Exporting in breach of its own conditions with the same supplier and it could also cause a breach of contract with its own End buyers it has secured when selling such goods. Why?}

^{WE ARE NOT MANDATED ENTITIES OF SUPPLIER OR END BUYERS , A POSITION WHICH WE DON’T NOT WANT TO HOLD ANYWAY. NOR ARE WE AGENTS OF SUCH. WE ARE BUYER AND SELLERS OF COMMODITIES IN OUR OWN RIGHT. WE HAVE NO LEGAL PROTECTION OF THE PRINCIPALS WE DEAL WITH. WE ARE LEGALLY BOUND UNDER PERSONAL CONSEQUENCES FOR FAILING TO PERFORM , WITH THE VERY PRINCIPAL ENTITIES WE DEAL WITH . SUPPORT GIVEN TO ANY FTNX REGISTERED REPRESENTATIVES BY FTN EXPORTING IS DONE SO OVER THE SHORT TERM AS THEY GRASP THE CORRECT APPLICABLE TRADING EDICTS AND BECOME THEIR OWN INFORMED BUYER/SELLER . FTNX AGENTS MUST APPLY TO WORK AS INSTRUCTED. AN AGENT WHO FAILS TO ABIDE BY THE INSTRUCTION OF ITS PRINCIPAL, CAN END UP IN LEGAL TROUBLE, JUST LIKE FTN EXPORTING CAN , FOR FAILING TO PERFORM ON A COMMODITY DEAL. SO FTNX AGENTS ONCE THEY DISCLOSE SUCH A POSITION IN A DEAL MUST ABIDE BY INSTRUCTIONS OF ITS PRINCIPAL FTN EXPORTING- UNLIKE FTN EXPORTING WHO HAS TO INDEPENDENTLY BECOME OBLIGATED TO TWO PRINCIPALS IN A DEAL- THE END BUYER AND SUPPLIER. ANY SELLER /BUYER AS INTERMEDIATE HEAD OF ITS GROUP IS PLACED IN THE SAME LEGALLY OBLIGING POSITION AS FTN EXPORTING.}

^{FTN Exporting unless otherwise stated; works under the legal auspice of ‘Acting on behalf of a undisclosed Principal”- As such; ill informed intermediaries asking for POP and the likes are simply wasting their time in doing so. We (FTN) are sellers and buyer of commodities we secure under contract - We are not protected agents of the supplier or end buyer -We can either buy the goods we have secured or not at all.}

^{THE SUPPLIER WHEN MAKING AN OFFER WILL SELL TO THE FIRST PERSON WHO IS ABLE TO BUY-THEREFORE WE WILL NOT PROVIDE NOR HAVE TO PROVIDE ANY ‘POP” UNTIL PROPER PROCEDURES ARE APPARENT. AN END BUYER CAN SCOUR THE PLANET FOR MONTHS OR YEARS AND FIND THEIR OWN PRODUCTS OR THEY CAN BYPASS SUCH AN APPLICATION AND BUY PRODUCTS IN WHERE ALL THE HARD WORK TO SECURE SUCH HAS ALREADY BEEN DONE BY FTNX AGENTS.}

^{When products like Sulphur or Urea become scarce, an intermediary who can secure such good when such are much sought after must never surrender such valuable information based them ostensible protective attributes of a NCND agreement, to do so means the intermediary has lost control of the deal. A real End buyer will know if FTN or its Reps are offering genuine goods simply by reading a correctly defined offer. An ill advised intermediary will not. Some intermediaries are even confused of their position in that; It’s the the seller who has the right to test the buyer financial capability first , but this can only be tested with intermediaries, as an effective protocol, once the contract and deal in hand is closed. This is done with the issuance of an offer and contract in where a financial instrument is then advised.}

^{A PARTY HAS TO KNOW THE TERMS AND CONDITION OF THE CONTRACT THEY HAVE AGREED TO BE A PART OF, AND BE BOUND BY, TO BE ABLE TO APPLY THE EFFECTIVE TERMS AND CONDITIONS ON THE FINANCIAL INSTRUMENT ONE PARTY IS ABOUT TO ISSUE CARRYING AN “IRREVOCABLE “ PROTOCOL.}

^{An ill informed intermediary should not ask for an offer then ask for “POP”- like wise a supplier cannot ask for so called ‘”POF ”( Proof of funds”) without issuing an offer first- A Buyer Like FTN cannot consider buying “Fresh air”- A buyer asks for an offer to consider first. The buyer then considers what has been offered and what are the general terms and conditions of the offer- A supplier not understanding this very simple basic commercial business application should be avoided at all times.}

^{THE RULES OF CONTRACT FORMATION DICTATES THAT SUCH ABOVE PROTOCOL APPLIES. THE FIRST BEING -”THE INTENTION OF PARTIES TO CREATE LEGAL RELATIONSHIP”-}

^{IT’S UP TO THE SUPPLIER TO ASCERTAIN IF THE INQUIRY IS WORTH THE ISSUANCE OF AN OFFER. AN INQUIRY MADE WITH ALL THOSE PERVIOUSLY SAID FLAWED TERMS OF REFERENCE IN THE FIRST INSTANCE IS NOT WORTHY OF THE EFFORT AND TIME NEEDED TO ISSUE OF AN OFFER. LIKE WISE AN END BUYER APPROACHING A SUPPLIER DOES SO WITH A REQUEST FOR A QUOTE- WITH THE TYPE OF REQUEST WHICH IS READILY VIABLE AND ADDRESSES THE MATTERS IN REFERENCE CORRECTLY. IT’S NO DIFFERENT WHEN END BUYER OR SUPPLIERS MAKE AN APPROACH TO FTN EXPORTING OR VISA VERSA.}

^{FTN Exporting and URPIB traders are very special well informed intermediaries defined under the united umbrella name of “Buyers and Sellers.” All URPIB traders understand clearly what’s being advised here. Misinformed intermediaries do not. Many End buyers and Supplier can see what’s stated here is in line with acceptable procedures, alas until they get to know FTN exporting many are hesitant to deal with informed intermediaries, because of the bad experiences they have encountered with ill informed traders-}

^{WITH THE RELEASE OF FTNs PUBLICATION “ITSI” (INTERNATIONAL TRADE AND THE SUCCESSFUL INTERMEDIARY) WORLD WIDE LATER THIS YEAR , SUCH ISSUES WILL BEGIN CHANGE RAPIDLY.}

^{Many lawyer as well as Bankers world wide who have already purchased FTNs in-house publication have spoken highly of the virtues of the publication (FYBR) and of it procedures., also clearly understand what is being explained here. A genuinely informed and correctly trading intermediary has a very small window to apply their trade with full support of the laws of most countries around the world,accordingly;}

^{AN INTERMEDIARY HOLDING THEN INDEPENDENT POSITION OF BUYER/SELLER MUST NEVER DISCLOSE ITS SUPPLIERS TO END BUYER AND VISA VERSA UNTIL A COMMITMENT FROM THE END BUYER HAS BEEN RATIFIED. THE COMMITMENT IS APPLIED UNDER THE SAFE TRADING APPLICATION OFFERED UNDER THE ISSUANCE OF A UCP 600 FORMATTED LETTER OF CREDIT. 90% OR MORE OF THE WORLDS MAJOR BANKS ADHERE TO UCP600 RULES OF TRADE. THIS MEANS A PROFESSIONAL INTERMEDIARY WOULD NEVER SECURE FUNDS FORM AN END BUYER FOR GOODS IT DOES NOT HAVE TO SELL, BECAUSE TO DO SO COULD LEAD TO FRAUD CHARGES.}

^{A UCP600 Advised DLC is not cash. It’s not tangible and it literally worthless to a intermediary, because of the conditions that apply on such a financial instrument . Such a DLC becomes very valuable only when the seller is able to perform as per said condition applies on the DLC. If an end buyer does not want to open a Full active DLC , it could open a simpler inexpensive Pre advised DLC, in where such becomes operative once the said “Proof” as described on contract is physically issued.}

^{BUT IT NEVER CEASES TO AMAZE FTN EXPORTING EVEN WHEN MOST ILL INFORMED INTERMEDIARIES ARE CONFRONTED WITH THE CORRECT LEGALLY APPLICABLE DOCTRINE THAT MUST PREVAIL, EVEN AFTER SUCH VALUABLE PROOF IS OFFERED WITH THE REQUEST OF “PRE ADVISED” NON ACTIVE CREDIT - SUCH ARE UNABLE TO PRODUCED SUCH A CREDIT FROM THEIR UNDISCLOSED “END BUYERS”  A ‘END BUYER” WANTING TO BY MULTI MILLIONS OF DOLLARS OF GOODS WHO CANNOT EVEN ISSUE A “ PRE ADVISED CREDIT” KNOWINGLY THAT THE DEMANDS OF A DIRECT SUPPLIER WOULD BE FAR GREATER, CLEARLY INDICATES ONE SURE MATTER - THAT MOST ILL INFORMED INTERMEDIARIES DO NO HAVE AN END BUYER AT ALL-OR FOR THAT MATTER SUPPLIER WHEN AN OFFER IS CALLED FOR-}

^{A supplier will often spend months ascertaining the RWA status of a end buyer in where once the first two elements of contract formation is applied, a lot of confidential documents has to be created and provided to the supplier for verification before the supplier will agree to supply goods to an end buyer - (BCL, POF) This is because the end buyer often is borrowing funds to support the purchase of goods being sought in where the supplier can start servicing the end buyer needs while the DLC is being made ready under a guarantee of a the buyers bank-This means a lot of time, a lot of delays will become apparent because of this and other very specific situations.}

^{GENUINE PROFESSIONAL INTERMEDIARIES CANNOT APPLY SUCH ‘POF” PROCEDURES. THEY NEED TO CONDUCT BUSINESS AT A MUCH HIGHER LEVEL OF APPLICATION WHILE DOING SO IN A LEGALLY ENFORCEABLE MATTER. ILL INFORMED INTERMEDIARIES S TRADE IN SUCH FLAWED PROCEDURES BECAUSE THEY DON’T KNOW ANY BETTER AND DON’T UNDERSTAND THAT SUCH PROCEDURES CAME FROM PAST END BUYER DOING BUSINESS DIRECTLY WITH A SUPPLIER OF WHICH SUCH INTERMEDIARIES HAVE TRIED TO EMULATE, MANY WITH DISASTROUS RESULTS. 99% OF SUCH INTERMEDIARIES HAVE SIMPLY COPIED SUCH FLAWED PROCEDURE OF OTHER ILL INFORMED TRADER WITHOUT UNDERSTANDING THAT SUCH PROCEDURES CANNOT CLOSE DEALS NOR SECURE COMMISSION WHEN A THIRD PARTY BECOMES INVOLVED IN A 2 PARTY DEAL-}

^{FTN Exporting has to produced its financial instrument within 7 days after contract are signed with a supplier. This the FTN’s RWA status. Where other End buyers take months just to get to contract closing stage, FTN exporting does not and must try to close the deal measured in weeks, days and hours. An End buyer buying through FTN exporting does not need to produce such confidential material either. That side of the deal will be tested immediately as well when they sign a contract to buy with FTN exporting- as they too must be RWA reading after such contracts are signed. RWA meaning that they are “Ready willing and financially able “ to produce the financial instrument to pay for the goods. Just like the Buyer(FTN) too, must comply with the supplier. If the end buyer is not financially ready after contracts are signed with the seller (FTN), a serious breach of contract situation prevails.}

<sup>THERE ARE NO DISCLOSURE WHAT SO EVER UNTIL THE END BUYER HAS REACHED RWA, AFTER WHICH THE RIGHT OF DISCLOSURE IS ALLOWED TO APPLY TO ONLY INFORMATION REGARDING THE SUPPLIER WHO IS HOLDING GOODS BEING SOLD TO FTN EXPORTING AND NOTHING MORE- THE END BUYER IS ALLOWED ONCE ONLY, TO VERIFY THAT THE GOODS THEY ARE BUYING IS GENUINE AND READY TO BE SHIPPED AS OFFERED BY FTN EXPORTING - IF SUCH GOODS ARE FALSELY OFFERED , THE DLC IS ALLOWED TO BE CANCELLED AND THE SELLER (FTN) COULD FACE FRAUD CHARGES. LIKE WISE THERE ARE NO DISCLOSURES TO A SUPPLIER- THEY ARE DOING BUSINESS WITH THE BUYER FTN EXPORTING AND ARE DIRECTED BY SUCH ACCORDINGLY. IT CANNOT SELL THE GOODS OFFERED TO THE END BUYER ONCE SUCH CONTACTS THE SUPPLIER TO VERIFY FTNs INTERESTS IN THE GOODS BEING OFFERED , BECAUSE FTN EXPORTING WILL NOT RELEASE PAYMENTS TO THE SUPPLIER. IN SUCH A CIRCUMSTANCE THE SUPPLIER WOULD BE IN SERIOUS BREACH OF CONTRACT WITH FTN EXPORTING AS WELL. SUCH A BREACH COULD BE A E VERY EXPENSIVE EXERCISE TO ANY SUPPLIER AND IS COMPELLED TO PERFORM WITH FTN EXPORTING EVEN THOUGH THE SUPPLIER EVENTUALLY FINDS OUT TO WHOM SUCH PURCHASED GOODS  ARE BEING RE-S OLD TO-

NOTICE THE DIFFERENCE? FTN BUYS FROM A SUPPLIER FIRST.
FTN THEN RESELLS THE GOODS TO ITS OWN END BUYER.</sup>

^{Accordingly FTN exporting cannot be circumvented in not being able to sell its goods to their end buyer-It can’t lose its goods . it cant lose commissions it it protecting of others. it cant lose its own commercial gains, nor be placed in a position to face breach of contract matters- FTN exporting takes full legal responsibilities of its dealing accordingly, such consequences as it creates of its own doing not influenced by the bad, dishonourable intent or interference of offers.}

^{THE SAME INTERMEDIARY ASKING FOR “POF” IS OFTEN THE SAME INTERMEDIARY WHO WILL NOT PRODUCE A POF OR POP WHEN A REVERSED TRADING SITUATION APPLIES- HOW'S THAT FOR BEING “AMBIGUOUS” - SO MANY KNOW THAT SUCH SITUATIONS CANNOT BE APPLIED YET DAY IN DAY OUT THEY PERSIST WITH THE SAME FLAWED TRADING APPLICATION.}