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DFS International Trading
Introduction
DFS International Trading provides full corporate offers and contracts to qualified buyers. We supply grains, poultry and other fine products. DFS offers top quality commodities at the best prices to anywhere in the world.
DFS INTERNATIONAL TRADING PROCEDURES
These procedures are designed to expedite transactions between DFS International, Buyers and Buyers’ Agents. The procedures do not unfairly favor either the Buyer or DFS International but do favor the successful completion of a transaction. Our approach to business is designed to quickly stop a transaction if any Buyer or Buyer’s Agent is not serious. It also stops brokers' chains immediately.
Step 1.
Buyer submits RFQ and DFS International issues a Pro Forma Offer.All transactions begin with a Request for Quote (RFQ). You can fax it to 478.934.3199 or email it to dfstrading@unitedstatestrading.com The RFQ must contain at least the following:
- Product quantity and specifications
- Contract length
- Target price in $(USD)
- Method of packing. (Bags, Bulk, etc.)
- Destination port or country
- Shipping terms
- Method of payment
- Preferred shipping date
- Contact information for Buyer or Buyer’s Agent
Only completed RFQs will be replied to. If you have any questions about specific requirements or details to include, email us.
All completed RFQs will be responded to with a Pro Forma Offer within 72 hours.
Step 2
Buyer's bank issues draft LC for DFS International to review.
If the price and terms of the Pro Forma Offer are acceptable, the next step is for the Buyer to arrange with the bank issuing the Letter of Credit (LC) to fax or email us the text of the proposed LC. This allows our legal department to informally review the proposed LC at no cost to the Buyer. .
Step 3
DFS International accepts draft LC & extends Full Corporate Offer to Buyer. At this point if all terms and conditions of the Pro Forma Offer and the draft LC are acceptable to both Buyer and DFS International, a legally binding Full Corporate Offer (FCO) is extended to the Buyer. Now is when the Buyer can also request Proof of Product, but only against Proof of Funds.
Step 4
Buyer makes a 2% deposit to DFS International to hold Full Corporate Offer. If the FCO is accepted by the Buyer, a two percent (2%) deposit of the total value of the transaction is required to hold the offered price. Since it will take anywhere from 5 to 10 working days to complete the transaction, we require this deposit to lock-in the price and availability of the commodity offered. If you require trade references to make a deposit, we would be happy to provide them at your request. Upon receipt of the deposit, the price offered in the FCO will be locked until the completion of the transaction.
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From here on the transaction proceeds quickly to a successful conclusion, because at this point the Buyer and/or Buyer’s Agent has been effectively pre-qualified.
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PLEASE READ THE ABOVE PROCEDURES CAREFULLY.
IF YOU CANNOT ACCEPT THESE PROCEDURES WE WILL NOT BE ABLE TO WORK WITH YOU ON ANY OF YOUR REQUIREMENTS.
DFS International Trading
The London Stock Exchange
New York Board of Trade
Chicago board of Trade
Send E-Mail to: dfstrading@unitedstatestrade.com
Copyright © 2002 DFS International Trading. All Rights Reserved