How Commodity Traders Secure Profitable Trade Flows

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  • Опубликовано: 1 окт 2024

Комментарии • 27

  • @G2Gworldwide
    @G2Gworldwide 5 месяцев назад +4

    I agree with you Damien. A competitive edge is must in today’s world of trading.

  • @Sporthero1
    @Sporthero1 5 месяцев назад +4

    You're brilliant Damien! Thanks again! Vitol is doing very well!

  • @ChouaibMaallem
    @ChouaibMaallem Месяц назад +1

    Why did you say that CIF/FOB companies don't exist anymore? what do you mean by that

    • @damienwursten
      @damienwursten  Месяц назад +1

      If your company is based on CIF/FOB deals, it’s going to be tough for you.

    • @ChouaibMaallem
      @ChouaibMaallem Месяц назад

      Whats the best structure then ? ​@@damienwursten

    • @ChouaibMaallem
      @ChouaibMaallem Месяц назад

      @@damienwursten I supervise the product from it's origin until port. I sell on FOB basis. sometimes CIF. but I believe you mean that the business model when you buy on FOB and sell on CIF basis

  • @qwertzuz1989
    @qwertzuz1989 5 месяцев назад +2

    Can you explain in a video what you meant by 'FOB/CIF' commodity trading firms?
    Thanks for the story!

    • @damienwursten
      @damienwursten  5 месяцев назад +1

      It’s the purchase and sales INCOTERMS. You should check the academy. It’s common terms
      shippingandcommodityacademy.com/

    • @qwertzuz1989
      @qwertzuz1989 5 месяцев назад

      @@damienwursten thanks!

  • @Cheesecake98712
    @Cheesecake98712 5 месяцев назад +2

    i've been having a very difficult time setting up an SGS account. If you could assist I would be more than willing to pay a consulting fee.

    • @damienwursten
      @damienwursten  5 месяцев назад +1

      Send an email to my team at SACA

    • @Cheesecake98712
      @Cheesecake98712 5 месяцев назад +1

      @@damienwursten I filled out the form for businesses on the website. Let me know if there is an email as I couldn’t locate it on your site. Thanks again!

  • @sathyaganesan5173
    @sathyaganesan5173 5 месяцев назад +2

    the world is flat, that image - good one

  • @nombusozuma1480
    @nombusozuma1480 5 месяцев назад +1

    Awesome Video , I am in South Africa and I need investors in Zambia and the DRC who have intrests in the coppee and copper concentrate minerals

    • @damienwursten
      @damienwursten  5 месяцев назад

      How much of your own money you’ll put in the projects that needs investors? (Dont give me the amount, just the %)

  • @joymuxanga5403
    @joymuxanga5403 5 месяцев назад +1

    Bro can you please make a video about the Global Wood pellet market all its logistics and intricacies or atleast in Europe, please damien 🙏🏾🙏🏾🙏🏾

  • @riteshbhate
    @riteshbhate 5 месяцев назад +1

    Brilliant Video !!! Let me known how do I reach out to you

  • @bettyduguil4658
    @bettyduguil4658 5 месяцев назад +1

    Done share and like host

  • @abdiawl736
    @abdiawl736 5 месяцев назад +1

    Thank you Damien for this vedio

  • @sanpietromingtu4704
    @sanpietromingtu4704 5 месяцев назад +1

    🎉🎉🎉

  • @momentumstocks3493
    @momentumstocks3493 5 месяцев назад +1

    But the small trader will not have assets.

    • @damienwursten
      @damienwursten  5 месяцев назад

      Mhhh not really, they often have a very light assets

  • @sasAGsaleheen
    @sasAGsaleheen 5 месяцев назад

    FOB FREE ON BOAT
    FIC FRIGHT INSURENCE AND COST

    • @damienwursten
      @damienwursten  5 месяцев назад +2

      FOB - Free on Board
      CIF - Cost, Insurance and Freight

  • @momentumstocks3493
    @momentumstocks3493 5 месяцев назад

    Trading in Russian oil at a huge discount.