AM Technology Commodities is a physical trader that conducts transactions on behalf of buyers who seek a particular product to be delivered to a particular part of the world. We do not engage in virtual trading or futures spread betting. We do, however, recognise that buyers sometimes have specific requirements or need smaller quantities of a given product that other commodities traders will not consider. AM Technology can offer buyers a service that matches your precise needs at highly competitive prices.
In order to have a clear understanding of our client’s needs we prefer to meet with our clients at the earliest stage of the transaction to establish parameters for product quality, timescales, shipping, financial procedures and technical support.
We specialise in the following commodities:
- Refined petroleum products.
- Bitumen.
- Chemical and organic agricultural fertilizers.
- Vegetable oils
- Cobalt.
- Copper ore.
- Recyclable metals.
Please Note
*Confirming banks must be an international top 25 bank. |
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We are happy to discuss spot deals, 3, 6 and 12 month contracts and quantities from 10 MT to I,000,000 MT (subject to product)
If you prefer to undertake transactions with simplicity, clarity and professionally risk managed please leave us a message via our contact page and you will receive a prompt response.
General procedure for the purchase of most commodities
- Buyer submits of ‘letter of intent’ (LOI) or ‘bank comfort letter’ (BCL
- Seller issues draft contract.
- Buyer accepts and agrees or amends the terms and conditions to the satisfaction of both parties. Original contract is signed by both parties.
- Hard copies of the contract exchanged with the buyer and lodged with their respective banks.
- Buyer’s bank provides ‘proof of funds’ to the seller’s bank. Proof of funds is the operative or non operative ‘Letter of Credit’ (LC)
- Seller provides ‘proof of product’. Generally this is a bank to bank procedure but may be undertaken by a legal representative.
- Seller issues a 2% performance bond to activate the LC.
- Shipping and delivery commence in accordance with the contract.
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