Why an offer without a port is not yet an offer
Specification, volume, place of delivery and payment instrument: the four pieces of information that separate an executable request from an intention.
Insights
Insights
Notes on process, counterparties and how these markets are actually operated.
EUDR: what changes for coffee sold into Europe
The EU Deforestation Regulation applies from 30 December 2026 to medium and large operators. For coffee, the core requirement is traceability down to the plot of production.
VHP and ICUMSA 45: what really separates the two sugars
One is refinery feedstock, the other a consumer product. Understanding the difference helps you read a sugar offer — and be wary of some.
LOI, ICPO, SCO, FCO: what each document commits you to — and what it does not
The acronyms that circulate in commodity brokerage describe intentions, not contracts. Knowing the difference avoids exposing more than necessary.
Differential and benchmark: how crude oil is priced
No crude cargo has a price of its own. It is worth its benchmark, plus or minus a differential that quality and logistics explain.
What a structured review actually checks
Before any introduction, a stated interest is checked for role, market and coherence between volume and origin.
Reading a counterparty before the first call
What can be observed in a stated interest before any document is requested.