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More elaborate matters will no longer  be disclosed online from 2020, as we keep update to it minimum aspect. Personal opinions of SMICE CEO are served without prejudice.

Last amendments / posting  29 February  2020 All new entries appear at the bottom.Please refresh page to update.


The FTN Exporting Doctrine of Trade (FDOT)  whether studied via our  in house USCT endorsed beta publications 2015 onwards, or as offered in our formal best selling hardcopy publication ‘International Trade and the Successful Intermediary’ remains valid and current in structure, in support of new  New Incoterms 2020 which has not changed this structure. The trading routine remains the same. 

  1. For all contracts signed from the Jan 1, 2020, ICC Incoterms 2020 may now apply to the PCT
  2. Incoterms  2010 may still be used as a choice, if applied on the contract, more so should a principal have angst with new incoterms 2020 

Current Assumptions: Incoterms 2020 we are able to use is as follows.

  1. CIP: CIP default insurance is now Class "A" cover, which the PCT has very little interest in applying CIP. 
  2. The above insurance aspect was always a variable option which we have been applying from time to time anyway .Keep  class “C” cover  and remain on the Class “C”aspect is allowed. 
  3. Class ‘C’ is still the default  option for FCA  and may be offered if suppliers insists on the condtions the end buyer is aware of such.
  4. FCA delivery term  remains as ‘CFS’ delivery as far as the PCT is concerned as we have very little  interests in localised or interstate kind of deals.  
  5. FAS,  CIF ,CFR, FOB our main trading aspect, remains intact as per doctrine.
  6. Unofficially, we are able to still use FAS for matters of pricing as an in house tool.
  7. DAT is replaced with DPU which is of no interest to us
  8. ICC is preparing outer space delivery advice FTN Exporting first published Space Ship Delivery (SSD) in 2010 (Ultra-terms). 
  9. FTN Exporting will also release its formal SMICE supplementary delivery modes made for the PCT to use in 2020 commencing with DPL ( Delivery port of loading) and DPD ( Delivery Port of Destination) 
  10. DPL and DPD option can be used as a delivery modes on the condition  current Incoterms is not specified and that all the delivery conditions  are written  on the offer and  contract.
  11. Banks requires a Shipped BOL when delaying in FCA or CIP is already a conditions of doctrine recognised  a decade ago by FTN. 
  12. New Incoterms rules allow for notation of a BOL to be added once loading is compete- is a risky proposition and I  we can already foresee, will create problem .The PCT  will not entertain this aspect  in any manner. 
  13. Somer extra security related cost may now apply under new Incoterms; again ships rails dictates this aspect
  14. Bank  apply UCP rules require a   ‘Shipowners  BOL’  which is  a much more  important aspect than insurance cover changes-not emphasised by Incoterms 2020



Sellers will now be subject to more scrutiny in matters of gross profits earned via  Customs. Documents in particular the seller invoice will now  be subject  to higher levels of  due diligence  and must be produced in a very defined manner, including invoices applies to the IPG and payment of commission. There are no shortcuts in this business.This has always been the case for the PCT.


FTN Exporting has been testing a new 15 day spot transactions, which we can report is unlikely to be added to the doctrine as an advance trading aspect, as the  delays  caused often by end buyers  asking for anASAP prices/delivery mode, were unable to perform is such a such a short period of  time, once served, has been come apparent.Spot deals cannot work for the PCT is officially confirmed. AOS, OTP or Offers outright must cary no less than 30 day validity  for a highly wanted product. In essence securing supply for 3 months or more is now becoming the normal aspect.


We have been asked on a number of occasions if an assigned credit  could  be used, by the PCT. The general answer is NO!  There is an option to use and assigned credit, but it’s a difficult process that only a PCT with good trading experience could attempt to apply. A PCT who has studied the doctrine and has traded for over a year may attempt to close deals using advanced treading aspect  like the one being advised herein.  PAT  application will be advised from time to time once SMICE has tested such aspect in the open market place for a year or more.The main issues with an Assigned credit , is that the whole credit must be handed over to the supplier in return for commission payment , that may not reflect the differential between the buyer and sell price. Circumvention may be an issue as well. 


It is very important to understand where your commission or profit is coming from once a deal is closed. The PCT is earning money as secured from the supplier not the end buyer.  A 10 million dollar contract  is different to a 100 million dollar contract. The large contract allows the supplier  to serve their best lowest price for quantity. If the discount is great, the end buyer can expect a great price as well,  often much better than the standard price offered in the market place.   If a product from a supplier  is offered at lets say  $100.00 per MT FOB in where the  usual market price  is lets say $107.00 per MT  for smaller single shipments, then the PCT  would offer the end buyer a starting price of $103.50 per MT  when selling such goods. The end buyer takes the offer because it’s the cheapest price he has seen to date.  The PCT earns his profit in where from this sum he pays all those ISS string members who assisted the PCT  on the deal, their rightful commission. The  ‘money’ earned  did come from the end buyer; but is fact it was the buyers price that served the opportunity to to secure such a profit, because the supplier in his wisdom did serve a great price, on the condition a certain quantity of product was ordered. 


To effectively secure a much wanted product and sell such a product above the international  average price, requires the applicant once more to apply an advance trading routine and a fixed price routine.  If lets say  the PCT  is  offering  to ISS string member a secured supply  of  D2 monthly for 3 years. The price of D2 averaged over there years at $500.00 per MT  in where the lowest price was $400.00 and highest was $600.00 in the simplest aspect  take the difference encountered in the last 3 years,  and divide it by 50% and tact it to the average price basis arrive at. The PCT could offer a fixed price  for the D2  at $550.00 per MT even though current speculative  price  are indicating a base price at some ports  of $488.00.  Even if the supplier has  not agreed to a fixed price basis , the experienced astute trader could still ‘play the market’ using fixed price basis. The PCT is ‘playing the market place’ and it’s ‘the end of the line’ of the learning application as this is the pinnacle application that very few reach trading alone. It’s also the application  that can earn the PCT a lucrative profit, more so that using the standard process alone.  


So many suppliers and end buyers who are applying  the wrong or incorrect aspect of trade is increasing. So many people with so many opinions will often  advise suppliers and end buyers, which ultimately  leads to precarious risk laden transactions.The role of the  FTNX informed PCT  is becoming noticeable all over the world and many suppliers and end buyers  actually appreciate intently  the advice offered on all our documents.The role  of the PCT is going beyond the realm of the trader to advisor. Governments  in secretive trade deals, tariffs applied at moments notice by leaders who don’t know what they are doing, lack of information online to do with freight rates and insurance rates added with delivery terms snd payments aspect that people are confused with-the PCT has to become highly informed if it intends to trade in  commodities  or  even conduct business internationally as an entrepreneur. Being a PCT will means much more in the future. Having earned  an ITAF Certificate  will means much more in 2020.


There are SMICE  USCT members and then there are confirmed FTNX SPCT members ; who may at times be allowed to act for FTNX  Exchange as a P.A when sourcing goods. All, current P.A’s are found on the FTNX.net site . A (confirmed) USCT member  many only seek attachment with a SPCT FTNX  member . Outsiders must be attached to a  USCT member, who is able to connect with a SPCT P.A member, before FTNX will examine any deal potential. A SPCT member when sourcing goods or representing FTNX on a deal MUST apply their SPCT logo  or claim status in their email signature. Confirmed USCT member must also use their logo when attached to a SPCT P.A. Below is an excellent example of how correspondence by email should end when a SPCT  member is acting in our name. All SPCT  members and P.A   will appear on FTNX Exchange .USCT members are not listed and are not allowed to represent FTNX directly; such must follow the directives of a SPCT should a USCT present a deal  which was accepted for trading.



It is imperative when trading alone  to apply your position and status correctly and intently. Below is a typical example of an excellent  signature basis. Also ensure you Jpeg letter head is well made .Your document must ooze professionalism .  

Mr Mo Shajera (USA) 

Profession Commodity Trader and Specialist 

Principal of Trade & Procurement Manager, Accord Global Trade (AGT) 

Registered Agent/Professional Commodity Trader (PCT), FTNX Exporting





International Trade Procedures, Rules, and Regulations: Accord Global Trade (AGT) applies only the safest international trade procedures, rules, and regulations available and adheres to a doctrine of strict compliance as defined in UCP600 Banking Rules, Incoterms 2020 Delivery Rules, and URC522 Collections Rules. AGT does not use nor entertain wrongly applied LOI, ICPO, BCL, ASWP, FCO, NCNDA, etc. type of offers from so-called Suppliers, nor do we provide such risky and inappropriate procedures to our End Buyers.

Trade Association Membership: AGT is a member of the FTNX Exporting, the United Society of Commodity Traders (USCT), and the Society of Professional  Commodity  Traders (SPCT). AGT adheres to the FTNX Doctrine of Trade (DOT), the TRIBE Rules of Association (TRA), and a Principal of Trade (POT) of exportable commodities, as per Trade Rules for International Business and Entrepreneurs (TRIBE) 2020. 

Confidentiality Note: This email, its contents, and attachments contain information from Accord Global Trade (AGT) and/or its affiliates, which may be privileged, confidential, or otherwise protected from disclosure. The information is intended to be for the addressee(s) only. If you are not an addressee, any disclosure, copy, distribution, or use of the contents of this message is prohibited. If you have received this email in error, please notify the sender by reply email and delete the original message and any copies.



We tried social sites ,B2B, twitter, facebook, linkedin..etc.. although the site pages are active, they are unmanned and not used by FTNX as we simply do not have the time to engage with peer members.It is improper act to trade form such sites as the PCT MUST personally secure goods from a suppliers and not third party actors.  Anyone using our email in their mailing list do so without our authority and should  be deemed as being dishonourable traders.  


Reminder: There has been a rise in the number of ill informed intermediaries online . With more LOI/POF/BCL/POP/NCNDA/ICPO/PB, and MT/SWIFT type of transaction appearing, produced by idiotic traders who have no idea what they are going. We deal in ‘international’   business and cannot use localised business terms to conduct such businesses, as  courts will not  address such matters. A supplier doing business with an end buyers  may ask for a BCL, at the end buyers expenses, but we are not end buyers nor suppliers but sellers and buyers ands therefore cannot the same process as they do  as we  depend on a very different set of procedures that are in support of ‘international laws.’ LOI means letter of indemnity under such laws, and PB is incorrect as the delivery basis is formed off successful delivery and thus performance. We use Performance guarantees, not ‘bonds.’   The laws applicable to the issuance of  PG are universally effective whereas ‘bonds’ are not. Further more if you call yourself an ‘Intermediary’ and a dispute arises with a supplier  or end buyers, the jilted  intermediary  may not even be able to have its case heard, as most Suppliers in leading economies, have their cases heard under federal jurisdictions,  in where intermediaries are not.  A PCT  must act as a seller /buyers for this important issue to apply. PCT be aware ‘the clowns are creeping’ back in.


A PCT  may still  use  2010 incoterms  if its implied on the offer,  as UCP 600  banking rules  fully supports  both aspects. Apply incoterms 2020  if a CIF transaction is contemplated in where classes “A” insurance now applies. In effect both incoterms can be fully utilised  in where CIF may in any case sill revert to Class “A” issuance as a variant. Why was the new incoterms  implemented?   We have no idea. We’ll let others to make such a judgement call. 


Commodity  trading business has come to a  stand still for exporters /importers as well as  the PCT. Writing letters  rather than sending email now,  to potential suppliers , will ensure targeted suppliers  will  receives such postal mail outs. The market place will bounce back with a vengeance  by mid year. “It’s going to be crazy.” This is the best time  to study the doctrine or send out postal mail (not email until the market returns)  to suppliers.  A bug , far less dangerous than the flu, thanks to sensational media reports has turned into some  kind of pandemic. The angst and  panic stirred up by the media is unwarranted.  A reasonable healthy person, waking up  feeling tired. A  mild headache turning to a fever peaking at 39.4 C, with or without a cough are the COVID 19 symptoms, which the media  has  not reported about.The Coronavirus has been know to mankind for around 5000 years.  Drinking liquids, resting  with ‘over the counter medication’ for a few days will break the fever. Recovery is quick. This is  what  has been reported by those who have caught the bug. “I and many others have had such mild common symptoms in the past.”  As for the media, they will milk this story to the end then return to ‘climate change’ issues. A 14 day quarantine  order will become  a ‘festive season ‘ for advertisers  and television stations. I would really question  health officials and governments once this fiasco ends,  for creating such a panic and Schifu (SKI-FU) therein . The trade business  will return with a boom. So when China  gets sick, the rest of the world now feels it. Best governments concentrate on resurrecting local business and consumers best think about paying  a little more for  locally made products, would be a prudent  move.  As for the price of  crude oil?  Expect  prices to go “through the roof  by next year as will  coal.”   Russia  is flexing its crude oil muscles against Armaco / KSA producers in  retaliation against western democracy imposed sanctions. We have always stated that  consequences prevail when weak minded  governments have nothing better to do than to impose Tariffs or Sanctions against another Government. What ever  happened to the “Rule of Law”  that so many democracies speak highly about . Have an issue with another country , let ‘the rule of law’ resolve the issue. Sanctions and excessive Tariffs  does nothing but hinders progress and business.  It does not  help having an   idiot run a country. One who entertains an idiot, will eventually become an idiot as well.  Observation: Food for thought:  In  recent times it was thought that viruses and bacteria can live in any environment, Scientists have only recently  confirmed  they were wrong,  and  that their is one surface that such antagonists  cannot live in – SALT. The home owner must practice Salinating everything. A common bowl  containing  10/15 grams of dissolved salt in a litre of  water  should be used daily  to wipe down everything  in a home. An unseen layer of salt  will  remain built up on  most  surfaces,  sanitising the whole home over the long term. Alcohol based products are useless and may be  actually spreading the virus. Alcohol solution is  good for ‘only for the moment’  use, and  does nothing by way of ‘protection  within minutes  of use while people think they reman protected. Salt continually  being used remains  on the surface /skin for  weeks unseen, and the communal  surface or hand washing bowl cannot become contaminated. Throw away all chemicals , everybody ‘salt wipe’ everything  daily, tables, chairs , benches, etc. Building  up the salty  surface, will stop  the spread of the virus, when combined with social  distancing. 


We have seen two fake  offer for Gold bullion in Feb 2020.The clowns are returning to the scene. Oce was offering 9000 MT the other 14, 000 MT out of Switzerland  in where  US Treasury(One of the world’s biggest Gold depositories)  currently has 4500 MT of gold bullion. A PCT must have a securities license to trade in Bullion ( or  certificates) and the incoterms used for physical deliveries  is CPT. Deep storage gold can be traded by the PCT , that is un-assayed  not hallmarked  Gold  bullion ( also known as Holocaust Gold. ) The problem here is that  such gold is often sold in kilo’s or pounds not MT, as quantities are small.  Rumours that such DSG exist in Switzerland has been around for as long as we have been trading ( 32 years) . FTN Exporting  for a number of years from 1990 was chasing  such Gold Bullion. All proved  to be fake.When buying and selling bullion Certificates, the parties to the deal meet  a designated bank i.e: London,  Switzerland etc.etc.  Passports are handed over, and nobody leaves until the deal is concluded.