Our Commitment to Legal and Safe Practices
FECO EXPORTING's procedures are meticulously defined, highly secure, and rigorously applied. We operate under stringent laws and rules with the specific purpose of safeguarding the interests of all our clients, whether they are end buyers procuring goods from FECO EXPORTING or suppliers selling to us. Our operations are consistently governed by ICC Incoterms® delivery rules and ICC UCP (Uniform Customs and Practice for Documentary Credits) DLC (Documentary Letter of Credit) rules, which form the bedrock of our offers and contracts.
Dealing in Physical Commodities
Unlike entities engaged in speculative or spot price trading, FECO EXPORTING deals exclusively in physical commodities. Our prices are negotiated privately and confidentially between the supplier (who is in possession of the goods) and FECO EXPORTING (the buyer) through our online trading division. The prices we offer for goods are always real and current.
Our operational margin, applied to our prices, typically results in an average gross profit often under 2.5%, from which all associated delivery costs, FECO EXPORTING operational expenses, and agent commissions are drawn. Once "assurance of supply" is fully secured, we then sell these goods, as the seller, to our own clients in both smaller and larger lots. This means FECO EXPORTING undertakes the burden and obligations of two distinct contracts for each buy-and-sell transaction.
The Duality of Contracts: Our Unique Expertise
In our model, a supplier deals solely with FECO EXPORTING when selling, and an end buyer deals solely with FECO EXPORTING when buying. This "dual contract" approach presents a significantly more complex and demanding operational challenge. It requires a profound level of expertise that few trading entities worldwide can effectively manage or apply, including advanced principles like "counter-trades."
This complexity underscores a critical legal principle: we cannot legally offer any products to our clients for purchase consideration unless we have first secured the goods being offered. To do otherwise could expose FECO EXPORTING to severe legal and even criminal charges for offering goods not definitively ascertained prior to making any offer. The serious nature of our business and our unwavering commitment to this position stands unconditionally, without qualification, for all to see (In Rem).
We are dedicated to practicing safe trading applications, guiding and directing all transactions. We pride ourselves on being among the most informed sellers and buyers of physical commodities globally. Upon successful completion of a first transaction with FECO EXPORTING, end buyers may be offered additional incentives, such as very generous interest-free deferred payment terms of up to 120 days in some cases, further highlighting the significant merit of doing business with FECO EXPORTING. For our suppliers, confidential business dealings are guaranteed, as are securely directed transactions and payments well in advance of the first delivery.
We are FECO EXPORTING, and we possess an in-depth understanding of the entire nature of this business.
International Trade Rules and Laws Applied by FECO EXPORTING LIMITED
FECO EXPORTING rigorously applies the following international trade rules and laws:
ICC UCP (Uniform Customs and Practice for Documentary Credits) and URC (Uniform Rules for Collections) rules for DLC issuance and collection.
ICC Incoterms® 2020 delivery rules.
LCIA (London Court of International Arbitration) Arbitration Rules.
English law, governing contract formation rules and the foreign governance of the contract.
Exclusion of Dishonorable Entities: We do not engage in transactions with dishonorable entities, including certain Asian trading houses.
Sanctioned Countries: End buyers located in countries subject to Western sanctions may not be eligible to apply.
For the purposes of clarity and education, FECO EXPORTING defines the following terms:
Supplier:
End Buyer:
An end buyer is an entity that pays for and takes possession of imported goods, becoming the legal owner. This party may also be the final consumer or a wholesaler in their own country. In a string deal, the end buyer must be clearly identified as the end user or a legitimate wholesaler. The practice of individuals falsely representing themselves as end buyers is no longer acceptable.
AOS (Assurance of Supply):
