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Trade Facilitation Service
RMG provides trade facilitation service to buyers
and sellers across the globe who are interested in buying or selling primary
commodities or manufactured goods. RMG conducts a probe through its own database
as well as trade sites to locate buyers or sellers for specific goods and acts
as facilitator in negotiating the terms of business between the buyers and the
sellers.
The international trade has its own opportunities and challenges. It demands
thorough knowledge of the market situation prevailing worldwide in any trade and
industry, behavior of buyers and sellers, flow chart
of trade between countries and regions and so on. It requires constant trade
watch to tap the potentials and to meet the challenges of global competition
while protecting the interests of the buyers and the sellers
and their agents, brokers, and other middlemen.
The global trade is expanding by heaps and bounds. The trading partners are
changing. The trading regions are changing. The trade patterns are changing. The
going word is Change. The people who change with the
changing times succeed; those who lag behind become stagnant or vanished.
Knowledge is the key to success. Timely knowledge of the changes around us,
timely analysis and synthesis of the information, timely
decisions and timely implementation are nothing but pre-requisites in today's
globalization of trade.
RMG provides the knowledge and experience to its buyers and sellers to
facilitate them in taking right decisions at the right time and in the right
manner. It is realized that it is often difficult and ,at
times, impossible for traders to indulge in fact finding in a fast track
business environment without losing the opportunity or getting their feet into
the wrong boots. Stakes are high; so are the prospects.
STANDARD BUYING AND SELLING PROCEDURE
Resource Management Group (RMG) facilitates trade between the buyers and the
sellers of commodities around the world. To keep transactions easy and simple in
the interest of all the parties involved, the following standard procedure is
followed at RMG.
RMG does the sourcing of buyers and sellers of commodities through internet
tools and techniques. It keeps on building up its data base of buyers and
sellers. It also keeps itself updated on current market situation of the
commodities. It has the expertise and ethics to protect the interests of the
buyers and the sellers alike.
When a buyer asks for the supply of a specific commodity, RMG sources out the
sellers and sends the best offer to the buyer. The details of the commodity
description, country of origin, port of loading, quantity, delivery time,
pre-shipment inspection procedure, payment terms and price etc. are obtained
from the seller and passed onto the buyer or vice versa. Once the buyer and the
seller agree on the terms of business, RMG starts the buying and selling
procedure detailed below:
1. Buyer issues the purchase order or contract in the name of Resource
Management Group (RMG)
2. RMG issues the purchase order or contract in the name of the Seller
3. Seller issues the Proforma Invoice in the name of the Buyer
4. Buyer issues the L/C or CAD instructions in favour of the Seller
5. All correspondence between the buyer and the seller is routed through RMG
unless specifically permitted by RMG to have direct contact.
6. RMG assumes no responsibility for any loss accruing to the buyer or seller in
the event of non-compliance of the terms of the transaction at any stage and in
any manner whatsoever. The buyer and the seller are at liberty to satisfy
themselves about the bona fides of each other before the P/I is issued and/or
L/C and CAD are issued. That is why the name of the buyer and the seller is made
known to each other through RMG.
7. Both the buyer and the seller are bound by the terms of the Non-Circumvention
Non-Disclosure Agreement (NCNDA) of International Chamber of Commerce in favour
of RMG by virtue of their dealing through RMG.
RMG provides the trade facilitation service against a fee to be paid by the
seller, or the buyer or both as may be the case.
NCNDA of ICC
INTERNATIONAL
CHAMBER OF COMMERCE (I.C.C.) NON-CIRCUMVENTION, NON-DISCLOSURE WORKING AGREEMENT
WHEREAS,
the undersigned wish to enter into this agreement to define certain parameters
of the future legal obligations, are bound by a duty of confidentiality with
respect to their sources and contacts.
WHEREAS, the undersigned desire to enter a working business relationship
to the mutual and common benefit of the parties hereto, including their
affiliates, subsidiaries, stockholders, partners, co-ventures, trading partners,
and other associated organizations (herein after referred to as affiliates).
NOW THEREFORE in consideration of the mutual promises, assertions and
covenants herein and other good and valuable considerations, the receipts of
which is acknowledged hereby, the parties hereby agree as follows:
I. TERMS AND CONDITIONS :
1. The parties will not in any manner, solicit, nor accept any business in any
manner from sources nor their affiliates, which sources were made available
through this agreement, without the express permission of the party who made
available the source and,
2. The parties will maintain complete confidentiality regarding each other’s
business sources and/or their affiliates and will disclose such business sources
only to named parties pursuant to the express written permission of this party
who made available the source; and
3. That they will not in any of the transactions the parties are desirous of
entering into and do, to the best of their abilities assure that the transaction
codes established will not be affected and
4. That they will not disclose names, addresses, email address, telephone and
facsimiles or telex numbers to any contacts by either party to third parties and
that they each recognize such contracts as the exclusive property of the
respective parties and that they will not enter into any direct negotiations or
transactions with such contracts revealed by the other party and
5. That they further undertake not to enter into business transaction with
banks, investors, sources of funds or other bodies, the names of which have been
provided by one of the parties to this agreement, unless written permission has
been obtained from the other party(ies) to do so. For the sake of this
agreement, it does not matter whether information obtained from a natural or a
legal person. The parties also undertake not to make use of a third party to
circumvent this clause.
6. That in the event of circumvention of this agreement by either party,
directly or indirectly, the circumvented party shall be entitled to a legal
monetary penalty equal to maximum service it should realize from such a
transaction plus any and all expenses, including but not limited to all legal
costs and expenses incurred to recover the lost revenue.
7. All consideration, benefits, bonuses, participation fees and/or commissions
received as a result of the contributions of the parties in the agreement,
relating to any and all transactions will be allocated as mutually agreed.
8. This agreement is valid for any and all transactions between the parties
herein and shall be governed by the enforceable law in Australian courts,
Canadian courts, USA courts, English courts, French courts, Singapore courts, or
under Swiss laws in Zurich, in the event of dispute, the arbitration laws of
states will apply.
9. The signing
parties hereby accept such selected jurisdictions as the exclusive venue. The
duration of the agreement shall perpetuate for five (5) years from the date
hereof.
II. AGREEMENT TO TERMS:
A. Signatures of this agreement received by the way of facsimile, mail and / or
e-mail shall be deemed to be an executed contract. Agreement enforceable and
admissible for all purposes as may be necessary under the terms of the
agreement.
B. All signatures hereto acknowledge that they have read the foregoing agreement
and by their initials and signature that they have full and complete authority
to execute the document for and in the name of the party for which they have
given their signature.
C. By signing above, both parties acknowledge this agreement as valid and accept
other party's electronic signature as original hand-written signature, and thus
enforceable in any court.
ACCEPTED AND AGREED
WITHOUT CHANGE.
1ST PARTY
Signed on:
Signature:
Date:
Signatory’s Full
Name:
Passport No.:
Signatory Position:
Phone No:
Fax No:
Email Address:
Company
Name:
Company Address:
2ND
PARTY
Signed on:
Signature:
Company Seal : (Optional)
Date:
Signatory’s Full
Name:
Signatory’s Passport No.:
Signatory
Position:
Phone No:
Fax No:
Email Address(es):
Company
Name:
Company Address:
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