SUPPLIER PRE-OFFER ADVICE

ADVANTAGES OF BEING A GGT SUPPLIER:

GGT INTERNATIONAL TRADE RULES & PROCEDURES:

GGT adheres to FTNX’s formidable legally defined doctrine of International Trade, originally called ‘Uniform Rules and Practice for Intermediaries and Brokers’ (URPIB), which in 2017 has been revised and renamed “Trade Rules for International Business and Entrepreneurs” (TRIBE). GGT applies ICC Incoterms Delivery Rules, UCP Banking Rules, and universally accepted, leading Contract Formation Rules, based on British law, for the benefit of our clients worldwide. Payments are made via the issuance of UCP600, Non-Transferable, Irrevocable, DLC (authenticated from a top 100 world ranked bank), payable 100% at sight on production of clean on board marine BOL and other delivery presentation documents as defined in final contract. After Offer and Contract are signed, payment advice is issued for acceptance in advance of delivery. We expect delivery to be initiated 40-60 days thereafter, at the latest, in respect to bulk, non-break cargo (of course much quicker/different terms for PPE).

INFORMATION DEMANDS:

GGT will not ask for any sensitive corporate/banking information, and the likes, from a potential Supplier at this time, nor will GGT provide information other than advised Corporate Profile and Request for Quote (RFQ). A Supplier’s ‘BUSINESS INTENT’ must FIRST be indicated via an Assurance of Supply (AOS) type of letter/document (non-legally binding until Contract is signed), before GGT will disclose (or ask for) any such information. The Contract Stage will complete this aspect of information gathering. GGT also does not fill in ‘Forms’, and the likes, as a prerequisite of doing business, when no ‘Business Intent’ has yet been served. If Supplier is unable to provide an AOS Letter/Document, outlining what they are willing to supply to GGT (including qty, price, etc.), then unfortunately we are unable to proceed any further. This is a strict aspect of conducting safe/secure business online as it pertains to instantaneous contract applications.

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