Syndicus Global

Syndicus Global’s principal motivation is to offer to our customers a reliable source of supply. We only engage in contracts where this is guaranteed after careful consideration and due diligence.

By following a clear set of principles and procedures that protect all involved parties, Syndicus Global’s agents and traders are consistent in auditing each step of the process to ensure that all industry standards are followed and that your investment is safeguarded.

Syndicus Global either acts as a link connecting the buyer and the seller directly or it may also acquire products for export from the producer and trades these to its buyers. As payment instruments backing the trade, Syndicus Global, usually requires an irrevocable documentary credit with the credit being transferred in the process of trading.

Depending on the terms of the contract a Performance Bond (PB) might be issued by the seller before the payment instrument is issued.

The procedures may vary, depending on the products traded, but in general we follow these steps to arrive at a Sales and Purchase Agreement:

Buyer issues a LOI (Letter of Intent) or ICPO (Irrevocable Corporate Purchase Order). The document should be on buyer’s letterhead and should be signed and sealed by the buyer and include buyer’s banking details to allow the supplier to check buyer’s financial capability.
In addition, some suppliers require buyer’s BCL (Bank Capability or Comfort Letter).
On receipt of the LOI/ ICPO and BCL, the seller will furnish the buyer with a Pro Forma Invoice, a Sales and Purchase Agreement, and/or a FCO (Full Corporate Offer)
Once the buyer and suppliers have agreed and signed on the pro-forma invoice, FCO and/or contract, the deal is executed in compliance with the terms of the agreement.

Before the above steps are undertaken an NCND (Non-Circumvention and Non- Disclosure) and FPA (Free Protection Agreement) will be signed by the buyer, the seller, and all intermediaries involved.

	2010-09-02 ALUMINIUM ALLOY 2220.00 2010-09-02 ALUMINIUM 2104.00 2010-09-02 COPPER 7625.00 2010-09-02 LEAD 2127.00 2010-09-02 NICKEL 21450.00 2010-09-02 TIN 21545.00 2010-09-02 ZINC 2147.50 2010-09-02 NASAAC 2090.00 2010-07-28 STEEL - MEDITERRANEAN 440.00 2010-07-28 STEEL - FAR EAST 0.00