The SMICE Exchange is a live independent physical trading board established in 2010 by registered business entity FTN Exporting (FTNE) Australia. FTN Exporting commenced business in 1988 and is a leading international trade expert, educator and international best selling author. The need for a reliable and true price basis for real goods which consistently appear on an ever-growing ‘bloated’ and overpriced speculative exchanges, led by primary suppliers, is what prompted the inception of SMICE. The SMICE Exchange (SE) secure supply of listed goods on offer from ‘secondary’ non-affiliated global producers and suppliers. The SMICE Exchange (SE) is our trading business which carries a future price basis for goods we have to offer to end buyers as per the price secured from ‘undisclosed suppliers in possession of goods.’ Said ’future’ price is specified as the price listed on the relevant index to define the first delivery date. The goods listed or indicated on the SMICE Exchange are secured by highly informed and registered ‘USCT’ members who are all ‘International Trade Specialist’ (ITS). Such members may secure goods or test end buyers on behalf of SMICE when carrying a SPCT endorsement. The principal of the SMICE Exchange responsible for signing the contract and serving payment to suppliers is FTN Exporting. In this light, FTN Exporting is the ‘Buyer.’ When SMICE sells goods to End Buyers, FTN Exporting is the lawful Seller. The SE does not have possession goods offered store locally as we ship directly from the country of the supplier. We secure ‘title’ to the goods offered via a contract and sell the title to such goods to qualified end buyers, who take possession of goods at the port of destination–as per proper trading procedures as defended under ICC Incoterms delivery rules. The SE use rules and laws in support of all business, including inter alia – ICC UCP 600 Documentary Letter of Credit (DLC) rules.Prices quoted on our Index are in US$ and all weight is advised in ‘Tonnes.’ All prices are based on payments being initiated with an ‘at sight’ DLC. Matters of formulations and another aspect of doing business with the SE can be found on the personal website of principal www.ftnx.net.SE does not allow ill-informed intermediaries or other intermediate traders to conduct business with us.