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Trading Platform Explained

Let’s keep this simple! 

Our trading platform is designed to be intuitive, especially if you comprehend the standard terms of trade: COMMODITY, QUALITY, QUANTITY, PACKING, PRICE, DELIVERY, SHIPMENT, and PAYMENT.  If you have an additional term or condition that need to be part of the posting you can include it in the COMMENTS section and if you have a picture of the product or a certificate of quality/analysis you can even attach it to you posting

 

It’s free to use and we don’t take a commission from the trades you make, unless you ask us to - before or after the TRADE is triggered.

 

Let’s get started!

 

POSTING ONTO THE TRADING PLATFORM
APPROVING A TRADE

REJECTING A TRADE

POSTING ONTO THE TRADING PLATFORM
 

A seasoned trader won’t need any explanation or instructions and if they do they simply click TRADE ASSIST and a representative will contact them to review and guide you through every step of the transaction before the posting goes “live”, and we’ll issue a formal "Trade Confirmation" after a TRADE is completed.

 

When posting on the platform as a seller you have the option of posting as an OFFER, or an ASK.  Only an OFFER can result in a TRADE.  If you post an ASK and it attracts interest from another USER they will either post a BID that matches, or they will engage AGRI-FOOD to contact you on their behalf with the objective of formalizing a deal (aka TRADE).  Regardless of the type of posting you make, it can be edited or cancelled any time before a TRADE or EXPIRY.

Likewise, when you are a buyer you have the option of posting as a BID, or an INTEREST.  Only a BID can result in a TRADE.  If you post an INTEREST, it signals to active users that you have INTEREST to buy (but it’s not a firm offer).  Any interested USER will either post a matching OFFER, or will engage AGRI-FOOD to contact you on their behalf with the objective of formalizing a deal (aka TRADE).  Regardless of the type of posting you make, it can be edited or cancelled any time before a TRADE or EXPIRY.

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APPROVING A TRADE

When a USER decides to TRADE your BID or OFFER you will receive an automated notification including the counter parties full contact details along with an option to APPROVE or REJECT the TRADE.  If you click APPROVE, you are given two options to select:
 

  1. I’ll issue my own SALES/PURCHASE ORDER confirmation to the counter party and don't require any formal TRADE CONFIRMATION.

  2. I’d like AGRI-FOOD to issue a formal TRADE CONFIRMATION with appropriate governing trade rules and a commission rate of USD 0.10 CWT to apply.

 

You choose 1) or 2) and that’s it - you're done.  Either your details will be sent to the counter party and they’ll be expecting you to contact them, or AGRI-FOOD will issue a formal TRADE CONFIRMATION and solicit endorsement from both parties.  It’s that simple!

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REJECTING A TRADE
 

We acknowledge that importing and exporting is a fast paced industry and individual circumstances that impact a parties ability to perform can change without notice and for this reason we afford the counter party an opportunity to REJECT the TRADE at the time the business is confirmed.   

If you are unable or unwilling to ACCEPT the counter party name on a transaction you must REJECT the TRADE. 

 

When you REJECT the TRADE you are asked to select one of the following reasons:
 

  1. Credit Issue

  2. Past Performance Issue

  3. Outstanding Claim

  4. Other - Please contact me about this pending TRADE.
     

Let it be known that if a USER decides it is necessary to REJECT a TRADE, the reason will be scrutinized by AGRI-FOOD (the system administrator) and reviewed with the counter party to the transaction.  In the event that a particular USER demonstrates a pattern of finding it necessary to REJECT a TRADE, the system administrator may deem it appropriate to rescind system privileges for the particular USER.

Don’t get us wrong, valid reasons to REJECT the TRADE are both accepted and respected.  In fact, they assist us with maintaining system integrity and congruency because when a USER finds it necessary to REJECT the TRADE the criteria that first gave the USER access to the trading platform will also be reviewed and scrutinized (if it's deemed their situation has materially changed the administrator may see it appropriate to revoke their access privileges).

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After all, your success is our success!


You’re all set!

 

Sign up and start posting!

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