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Commodities

Commodities

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Commodities

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  1. Presented by J. Williamson Of E.L. Johnson’s Sons & Mowat The ROUGH GUIDE to Commodities

  2. Wheat Coffee Tree Cocoa Tree Soya Beans Cotton Plant The Simple Chain (1)

  3. Crop Harvested Sewn / Grows Dried / Cleaned Sorted Stored / Packed Finally Shipped… The Simple Chain (2)

  4. The Sugar Association of London & The Refined Sugar Association

  5. GAFTA Number 64 – Grains on FOB basis • GAFTA Number 100 – Grains on CIF basis Contracts For Example: • FOSFA Number 4 - Oilseeds on FOB basis • FOSFA Number 11 – Oilseeds on CIF basis

  6. Other terms For example: 1) Weight and quality final at port of loading 2) Age of vessel not more than 20 years) Typical Contract Terms • Seller • Buyer • Product & Quantity • Price • Quantity & Tolerance (eg. 10% more or less) • Shipment Date • Load/Discharge Rate • Load/discharge Port • Form Of Payment • Payment Terms • Seller • Buyer • Product & Quantity • Price • Quantity & Tolerance (eg. 10% more or less) • Shipment date • Load/discharge rate • Load/discharge port • Form of payment • Payment terms • Other terms • eg. 1 Weight and quality final at port of loading • 2 Age of vessel not more than 20 years)

  7. Other Documents • Certificate/report of quality • Certificate/report of weight • Certificate/report of fumigation • Phytosanitary certificate • Confirmation of vessel’s cleanliness/suitability • Certificate of non-radioactivity

  8. Reporting of problems Eg: Cargo work to be suspended during rainfall Superintendence • Can be nominated by either buyer or seller • Buyer and seller may agree upon common superintendent acceptable to both parties • Verifies state of vessel, condition of cargo holds, condition of cargo itself, drawing and sealing of representative samples (prior to, during and after loading/discharge) in accordance with contract terms • Reporting of problems • Eg: Cargo work to be suspended during rainfall • Verifying quantity loaded/discharged • Can be nominated by either buyer or seller • Buyer and seller may agree upon common superintendent • acceptable to both parties • Verifies state of vessel, condition of cargo holds, • condition of cargo itself, drawing and sealing of • representative samples (prior to, during and • after loading/discharge) in accordance with contract terms • Verifying quantity loaded/discharged

  9. Moisture Contents* Typical optimum moisture contents are: • Green coffee beans 11-13% • Cocoa beans 7– 8% • Soya beans 10 –13% • Rice 11 – 14% • Ground Nuts 7 – 8% *Original moisture contents vary widely

  10. Methods of Shipment Most commodities traditionally shipped in bags • Cocoa Beans 60-65kgs per bag • Coffee Beans 60-65kgs per bag • Rice 25-50kgs per bag • Ground Nuts 25-50kgs per bag • All of these are now also shipped in bulk and big bags

  11. Cocoa in bags

  12. Cocoa In Bulk

  13. Cocoa In Bulk (2)

  14. Cocoa In Bulk (3)

  15. Cocoa In DV Container

  16. Vent Container

  17. Pre-Slung Cocoa

  18. Storage For Exchange Trading • Liffe Robusta Coffee – 5 tonne lots • NYBOT Arabica Coffee – Approx. 17 MT Lots • Liffe and NYBOT Cocoa – 10 tonne lots • Liffe and NYBOT Sugar – 50 tonne lots • NYBOT Cotton – 50,000lbs (approx 22.7 tonnes)

  19. Storage Under Warrant

  20. Fumigation Methyl Bromide Phosphene

  21. Health considerations • Aflatoxin • Ochratoxin A • Traceability • Minimum Residual Values (MRL’s)

  22. Problems In Transit • Sweat/condensation • Water damage • Contamination • Shortages • Infestation

  23. Bulk Latex in Container

  24. Bagged Sugar

  25. Who’s Counting?

  26. Bulk Cocoa Beans

  27. Leaking Bulk Cocoa Barge

  28. Heated Cocoa Butter In Container

  29. Heating Animal Feed

  30. Bulk Soya Beans (1)

  31. Bulk Soya Beans (2)

  32. Bulk Soya Beans (3)

  33. Bulk Soya Beans (4)

  34. Bulk Rice – Barge (1)

  35. Bulk Rice – Barge (2)

  36. Bulk Rice – Barge (3)

  37. Bulk Rice – Barge (4)

  38. Coffee In Store New Orleans

  39. Coffee In Store New Orleans (2)

  40. Coffee In Store New Orleans (3)

  41. Russian Plywood

  42. Russian Plywood (2)

  43. Far Eastern Plywood (Hospital Area)

  44. Far Eastern Plywood (2)

  45. Containerised Brazilian Plywood

  46. Containerised Brazilian Plywood (2)

  47. Thanks For Listening! Any questions? That’s only the beginning of a long story….!

  48. Presented by J. Williamson Of E.L. Johnson’s Sons & Mowat The ROUGH GUIDE to Commodities