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E I 8 H T<strong>LIMITED</strong><br />
Sources, mandates & promotes Commodity Transactions
I N D E X<br />
_________________________________________________________________<br />
1. Introduction<br />
2. Commodity Opprobrium<br />
3. Objective<br />
4. Procedures<br />
5. - 6. Advantages<br />
7. Conclusion<br />
8. Appendix
INTRODUCTION<br />
__________________________________________________________________________<br />
Historically, man has traded goods, region to region for in excess of 12,000 years.<br />
Nowadays sophisticated procedures have evolved to instil a degree of<br />
certainty into trading practices.<br />
Trading in the bulk buying and selling of primary products, for example, grain,<br />
palm oil, sugar and coffee (soft commodities); iron ore, rubber, copper and gold<br />
(hard commodities) is collectively referred to as Trading in Commodities, and is<br />
the subject matter of this introduction to our Company.<br />
Notwithstanding the sophistication of current procedures the high value of<br />
commodity trades attract fraudsters, swindlers and interveners, who have<br />
become so prevalent in this fast evolving electronic age, that the vast majority<br />
of Commodity Trades are destined to fail for one reason or another.<br />
Our Company offers it’s services with a view to rendering commodity trades<br />
viable whether it be on behalf of the Buyer, the Seller, or both. We source sellers<br />
with products and buyer’s seeking products, promote and facilitate Commodity<br />
Transactions in which ever manner is the most favourable with the object of<br />
securing long-term trading relations between the parties. At the same time we<br />
ring fence buyers and sellers from interlopers promoting their own agenda. Our<br />
task is to act in the best interests of both buyer and seller in forging fair long-term<br />
business relations.<br />
We secure contractual relations both with buyer and seller. Our prime objective<br />
is to establish an impartial degree of unanimity through acquiescence in<br />
contractual negotiations and relationships. Further, we take all necessary<br />
measures to protect commission entitlements whilst obviating the need for those<br />
entitled to commission from involvement in negotiations between buyer and<br />
seller.
COMMODITY OPPROBRIUM<br />
___________________________________________________________________________-<br />
The size and value of Commodity Trades attracts people from all walks of life<br />
and from all levels of society. There is no qualification requirement imposed<br />
upon participants within the Commodities Markets, nor obligatory governing<br />
rules and regulations to observe. The only common denominator appealing to<br />
those merely concerned with their own interests appears to be the substantial<br />
financial elements involved. The movement of goods from one part of the globe<br />
to another for the furtherance of industry and commerce seems but a side issue.<br />
Over the years the International Chamber of Commerce has introduced and<br />
revised a variety of terms and conditions designed to facilitate international<br />
commodity trading. Despite these numerous revisions and modifications the<br />
success rate of trades continues to be woefully small, much one fears, owing to<br />
the inherent greed factor of those attracted to the industry, coupled with the<br />
general lack of knowledge as to how the commodity industry operates. A bye<br />
product of this high failure rate is the paucity of permanent trade links and the<br />
ever- increasing complexities required in securing safe and reliable trading<br />
systems.
OBJECTIVE
OBJECTIVE<br />
___________________________________________________________________________-<br />
In consideration for a commission that is dependent upon our remit, our<br />
company sources goods on behalf of established buyers and sources buyers<br />
of goods, on behalf of established sellers. We seek to ring-fence all third party<br />
interests thereby excluding them from intervening and/or interfering with<br />
discussions and negotiations undertaken directly between buyers and sellers.<br />
We do however secure all intermediary’s interests before bringing the buyers<br />
and sellers to the negotiating table. As our company expands its portfolio of<br />
participants within the commodities market, we promote our clients’ interests<br />
and their reputation within the commodities market as a whole and maintain<br />
trade links for the long term. To illustrate our company’s activities we use the<br />
analogy of comparing the creation of business links to that of the activity of<br />
neurons within the human brain. Through each active branch flows an electric<br />
current, like goods along a shipping route, forging links to other parts<br />
of the globe. The greater the flow, the stronger and more consolidated the link.<br />
Our objective it to create an ever-increasing international and global<br />
assemblage of integrated, sustainable and reliable networks of trade; from start<br />
to finish. Networks, where reputation and reliability are of paramount<br />
importance.
Procedures for adoption with<br />
Suppliers and Buyers of Commodities<br />
___________________________________________________________________________-<br />
1. Source suppliers capable of generating supplies of diverse products on<br />
a commercial (commodities) scale and undertake due diligence.<br />
2. Negotiate formal Agreement of supplier’s appointment of Ei8ht Ltd<br />
authorizing Ei8ht to represent supplier (and subsequently joining the<br />
buyer) in securing sales on its behalf, incorporating a provision to include<br />
any buyer sourced by Ei8ht into the Agreement;<br />
3. Liaise with supplier in the preparation of an export strategy sufficient to<br />
prepare draft documentation of Offer and Sale and Purchase<br />
Agreement for presentation to potential buyers.<br />
4. Source buyers for supplier’s products and undertake due diligence.<br />
5. Liaise with supplier in the preparation of a draft Corporate Offer for<br />
presentation to buyers.<br />
6. Negotiate the buyer’s inclusion into the Agreement referred to in 2<br />
above.<br />
7. Liaise with buyer in the preparation of an import strategy sufficient to<br />
prepare draft documentation of Acceptance of Offer for presentation<br />
to potential buyers.<br />
8. Liaise with both supplier and buyer in settling any incompatibilities or<br />
inconsistencies in import/export strategies to the mutual benefit of both<br />
parties.<br />
9. Oversee the service of Soft Corporate Offer upon the Buyer.<br />
10. Oversee the service of Corporate Purchase Order (or Counter Offer<br />
where applicable).<br />
11. Secure Offer and Acceptance and oversee service of draft Sale and<br />
Purchase Agreement.<br />
12. Assist in the settling and execution of Sale and Purchase Agreement.<br />
13. Liaise with both parties in all formalities necessary for the compliance of<br />
terms, conditions and procedures to effect the intended transaction/s.<br />
14. Act as paymaster in the formal and regulated settlement of all<br />
Intermediaries and commissions payable by the supplier and buyer.<br />
15. Establish long term trading relations with both suppliers and buyers<br />
generally.
ADVANTAGES
ADVANTAGES<br />
The principal advantages we bring to Commodity Trading are:-<br />
a) Efficiency<br />
i) Through our research, we have collated information relating to sources of<br />
supply of a wide variety of products around the globe. Similarly, we document,<br />
record and retain information relating to sellers and buyers with whom we have<br />
conducted business. We retain a wealth of information relating to the channels<br />
by which we can research data necessary to achieve links to facilitate<br />
transactions around the globe. In addition, we pride ourselves in having a<br />
networking department capable of achieving results within the shortest time<br />
possible;<br />
ii) We seek to protect buyers and sellers from<br />
third party interference to ensure they suffer<br />
minimal disruption (if any) in their negotiations. We also seek to eliminate<br />
the involvement of persons likely to sabotage transactions;<br />
iii) We advocate simplicity in procedures and only when obligated, do we<br />
offer our services in providing assistance in facilitating trade;<br />
iv) We act as paymaster for recipients of commissions and distribute all<br />
commissions in accordance with the Irrevocable Master Fee Payment<br />
Agreement (IMFPA) or such other applicable agreement, whilst observing<br />
all regulatory requirements.<br />
b) Reliability<br />
i) We seek to ensure reliability. Should we encounter failure on the part<br />
of one or more link/s in the commodity chain, we advise all parties of the<br />
position and employ our resources in repairing or replacing the broken<br />
link/s at the earliest opportunity. The cause of the failure documented to
minimise the risk of re-occurrence and where applicable, the perpetrators<br />
blacklisted;<br />
ii)<br />
We invite sellers to issue Offers, providing guideline prices, omitting<br />
actual prices until the buyer’s identity is revealed. After buyers declare<br />
their<br />
readiness to proceed, we invite sellers to issue actual prices. This<br />
ensures sellers do not waste their time in issuing offers to which buyers are<br />
unable to respond within the sellers allotted time period.<br />
iii)<br />
We make it a central policy of ours to report any failure, or misconduct on<br />
the part of sellers, buyers, or other parties involved in commodity trading so<br />
as to minimize the likelihood of any reoccurrence of the same and as a<br />
deterrent from attracting anyone with the wrong motives.<br />
c) Growth<br />
i) Our ambition is to grow exponentially. To provide our clients with<br />
contractual<br />
relations, to source products and their buyers and to be paid, by results;<br />
ii)<br />
We seek to establish an environment in which trading can be undertaken<br />
in an efficient and reliable manner, with a success rate exceeding that<br />
prevalent on the open market.;<br />
iii)<br />
Our success will be reflected in our ability to provide the services we offer<br />
speedily and positively.<br />
d) Honourability.<br />
i) Perhaps most importantly, we seek to perform honourably and conduct<br />
our business<br />
with transparency, save as to the identity of the Buyers and Sellers whom<br />
we introduce<br />
only after all commissions have been contractually secured;<br />
ii)<br />
Dishonourable conduct falls outside the parameters of our activities and<br />
will not be tolerated under any circumstances.
Reliability<br />
_____________________________<br />
i) We seek to ensure reliability of all links in the commodity chain. Should we<br />
experience failure on the part of one or more links in the chain, we shall<br />
advise all parties of the position and employ our resources in repairing or<br />
replacing the broken link/s at the earliest opportunity. The cause of the failure<br />
will be documented so as to ensure that it never re-occurs, and where<br />
applicable, the perpetrator blacklisted;<br />
ii)<br />
We invite sellers to issue Soft Corporate Offers, providing guideline prices,<br />
omitting actual prices until the buyer’s identity is revealed. After the buyer<br />
declares its readiness to proceed, we invite the seller to issue actual prices. This<br />
ensures the seller does not waist its time in issuing an offer the buyer is unable<br />
to respond to before the offer expires;<br />
iii)<br />
We make it a central policy of ours to report any failure, or misconduct on<br />
the part of sellers, buyers, or other parties involved in commodity trading so as<br />
to minimize the likelihood of any reoccurrence of the same and as a deterrent<br />
from attracting anyone with the wrong motives.<br />
c) Growth<br />
i) Our ambition is to grow exponentially. To provide our clients with<br />
contractual relations, to source products and their buyers and to be paid, by<br />
results;<br />
ii)<br />
We seek to establish an environment in which trading can be undertaken<br />
in an efficient and reliable manner, with a success rate exceeding that<br />
experiences in the open market, if not 100%;<br />
iii)<br />
Our success will be reflected in our ability to provide the services we offer<br />
speedily and positively.
Honorability<br />
____________________________________<br />
i) Perhaps most importantly, we seek to perform honorably and<br />
conduct our business transparently, save as to the identity of the<br />
Buyer and Sellers whom we introduce once all commissions have<br />
been contractually secured;<br />
ii)<br />
Dishonorable conduct falls outside the parameters of our<br />
activities and will not be tolerated under any circumstances.<br />
CONCLUSIONS<br />
Efficiency, Reliability, Growth, Honourability is the essence of what we offer our<br />
clients, in an industry renown for its shortcomings and high failure rate.<br />
We seek to provide our services in a manner that is fair, cost effective and<br />
transparent and in a manner that is to the advantage of all those (in particular<br />
buyers and sellers) with whom we do business.
E I 8 H T<strong>LIMITED</strong><br />
Sources, mandates & promotes Commodity Transactions<br />
Ei8ht Limited<br />
R/O: 31/F, Chinachem Century Tower<br />
178 Gloucester Road,<br />
Hong Kong.<br />
Co. Reg. No. 2266643<br />
Directors: Mr. R. A. Bernstein.<br />
Mr. A. Williams<br />
Contact: Mr. Roy Bernstein 00 44 (0) 7808 92 61 47<br />
Mr. A. W. Williams. 00 44 (0) 7913 22 56 36<br />
Email: 8ltd01@gmail.com