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What They Stand For Loi+bcl+pop N So Manymore?

The law of the sea.

What They Stand For Loi+bcl+pop N So Manymore?

Postby Melvon » Sat Dec 03, 2016 3:00 am

Couldn't find the info about those acronym following your instruction. Acronym are everywhere. Any book or list for those acronyms what they stand for? And their hidden meaning needs years of study and experience.ADVICE ABOUT: LOI, ICPO, POP DEALINGS.

FTN Exporting does not conduct business with any supplier or end buyer unless such “Strict Doctrine of Compliance” is apparent in all transactions. FTN Exporting does not conduct business with any agents or private intermediaries who attempt to present their inquiry using dangerous, critically flawed and misguided trading applications-, especially ambiguous Inquiries supporting a BCL. / ICPO/ POP/ MPA/ NCND / ASWP type of transaction, which once presented are immediately trashed. I am beginner just like Patricia.

Many thanks
Melvon
 
Posts: 35
Joined: Fri Mar 07, 2014 5:40 am

What They Stand For Loi+bcl+pop N So Manymore?

Postby Lynne » Sat Dec 03, 2016 8:51 am

Couldn't find the info about those acronym following your instruction. Acronym are everywhere. Any book or list for those acronyms what they stand for? And their hidden meaning needs years of study and experience.ADVICE ABOUT: LOI, ICPO, POP DEALINGS.

FTN Exporting does not conduct business with any supplier or end buyer unless such “Strict Doctrine of Compliance” is apparent in all transactions. FTN Exporting does not conduct business with any agents or private intermediaries who attempt to present their inquiry using dangerous, critically flawed and misguided trading applications-, especially ambiguous Inquiries supporting a BCL. / ICPO/ POP/ MPA/ NCND / ASWP type of transaction, which once presented are immediately trashed. I am beginner just like Patricia.

Many thanks
Lynne
 
Posts: 46
Joined: Sat Jan 11, 2014 1:18 am

What They Stand For Loi+bcl+pop N So Manymore?

Postby Gau » Mon Dec 05, 2016 9:16 am

Dear jenifer

look at the many deals on the net -(You will see many sellers  plying  procedures who are offering to sell goods such as ie: Seller required   Letter or of intent(LOI), with bank comfort letter  (BCL) required,  allowing for soft bank  probe- Goods offered  CIF ASAP(Any Safe World Port) Payment by SLC(Stand by letter of credit-) required- ..etc.etc..

These are all flawed, silly foolish and dangerous procedures that intermediaries  MUST NOT  apply, yet 99% of such do...why ..? because nobody has taken the time to learn correct trading procedures..everyone is copying the bad trading applcations of others-"The Blind leading the Blind'

First time traders when entering to do business as an import export intermediary will come across such procedures very quickly and often-FTN is imply that such intermediares should not get involved in deals offering such procedures-

FTN Exporting does not conduct business with any supplier or end buyer unless such “Strict Doctrine of Compliance” Meaning  that FTN does not apply above foolish applcations but applies to striclty enforce international trade rule and practices foremost UCP600 rules for the insuance of documentary letters of credit - and rules of" Delivery" as defined under  Incoterms(CIF,FOB, etc..)(INCOTERMS 2000 trademark application  ICC PARIS,  FRANCE)- that over 95% of all exporters use world wide- yet  as an example, so many intermediaries  are offering delivery such as FOB or CIF  breaking FOB Incoterms Delivery rules-

How can a deal eventuate if  International deliver rules or rules pertaining  to letter of credit issue  of  LC collection are wrong or broken...?

Now see if UCP600 and Incoterms can be found reference on the net-?

FTN exporting educates private home or corporate based Intermediaries tying to close a import export deal for commssion-Those who want to trade and learn how to trade in export/import of commodities as advised to  to a very high , safe  applicable manner   can either go to college  pay to  learn  such procedures , or they can purchase learning material from FTN epxorting-who has witten such material in its simplest form  for intermediaries-

it very difficult to close an import /export deal as a private trader- if you don't know good well informed and correclty defined trading procedures then your chances of closing such deals are  nil-If intermediaries try and trade as per above said LOI/BCL/POP..etc..etc they will be  wasting their time and will never see a cent in commission is strongly being implied-

Read sample of  FTN exporting book "The world is yours" on www,ftnexporting.com- It will open your eyes on such  trading matters

learn correctly applied procedures of forget about trading in commodites is the message being defined.

I hope the above is clear and of help-

Kind regards

Davide Papa

www.ftnx.9f.com

www.ftnexporting.com  
Gau
 
Posts: 37
Joined: Sat Apr 19, 2014 4:10 am


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