FECO EXPORTING LTD

FECO EXPORTING operates with the strictest and safest trading processes. We believe these procedures should be acceptable to all suppliers, as we will not consider any that are legally precarious or unsound. Our standard procedures apply at all times. A supplier unable to accept an ICC UCP-endorsed Documentary Letter of Credit (DLC) as payment cannot conduct business with FECO EXPORTING.

A supplier, for us, is an entity that owns the export-ready goods they offer to FECO EXPORTING on a monthly basis. We will also work with duly appointed agents who represent a named, disclosed supplier. In such cases, the agent obtains their commission directly from their represented principal if FECO EXPORTING purchases the offered goods.

Our business arrangements are private and not subject to formal public scrutiny. These arrangements are governed by binding contracts and the physical delivery of goods purchased and sold.

Feco Exporting exclusively handles large contracts. We are able to consider transactions with suppliers who have significant stock and can service at least three or more revolving shipments per year. We work with suppliers who are looking to secure a new end buyer for these large quantities.

Delivery

Feco Exporting strictly abides by ICC Incoterms® 2020 delivery rules, or the most current version. Initially, we will accept goods under FAS, FCA, CPT, or FOB Incoterms, regardless of the product, including refined fuels and crude oil. If we require a CIP or CIF price basis, we will request this from the supplier once the initial transaction has been accepted. If CIP or CIF is not available, Feco Exporting will arrange its own shipping charter.

We do not deal in speculative prices. Instead, we operate on physical market prices for commodities that are physically secured, typically based on a predetermined fixed price rather than a free-floating exchange-created price. We buy goods today for physical delivery in the future to a pre-qualified buyer. Our "future" delivery date is typically limited to between 60 to 90 days from the signing of purchase contracts.

FECO EXPORTING is committed to signing a contract and lodging its financial instrument for payment within 7 days for a delivery due 30 days after the contract signing date. This is crucial because the financing to purchase goods must be secured well before the contract with the supplier is signed. FECO EXPORTING cannot base goods pricing on an average taken the day before, on, or after loading, as we require a confirmed value to lodge a financial instrument long before loading commences.

In all cases, FECO EXPORTING will first examine the supplier's requested terms. If FECO EXPORTING is unable to purchase under those terms, the offer made to FECO EXPORTING will be rejected. At this point, a counteroffer will be advised for the supplier's careful consideration. This process aims to establish a middle ground where some of the original requirements of both FECO EXPORTING and the supplier can be met, while others may not.

We do not engage in small Full Container Load (FCL) transactions. Our focus is on securing the largest revolving contracts for Non-Bulk Cargo (NBC) lots. This means one buyer and one whole shipment. We effectively leverage the internet to conduct our business safely, a domain in which we are highly proficient.

Our services include drayage at all major ports, and our worldwide network of USCT members can act as agents to supervise deliveries. In this industry, mistakes and misunderstandings are common and can result in significant financial losses for both buyers and suppliers.

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