National Cotton Reserves Are Being Launched Today: Bidding And Trading Methods.

< p > Chapter I General Provisions < /p >

< p > Article 1 in order to ensure that the national cotton reserves and the temporary storage and acquisition are less than a href= "//www.sjfzxm.com/news/index_c.asp" > cotton < /a > (hereinafter referred to as "reserve cotton"), the bidding paction is carried out in accordance with the principle of "openness, fairness and fairness", and the measures are formulated according to < a href= http:/ /www.sjfzxm.com/news/index_q.asp > People's Republic of China contract law < /a > and relevant provisions.

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< p > Second, this method applies to the auction sale of national cotton reserves.

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< p > second the trading place and time < /p >.

< p > third auction sale of reserve cotton has been commissioned by the relevant state departments to carry out the national cotton < a href= "//www.sjfzxm.com/news/index_s.asp" > the trading market < /a > (hereinafter referred to as the "trading market").

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< p > Fourth auction time for reserve cotton is from 3:00 p.m. to 3:00 p.m. to the end of countdown (except national holidays and special cases) in.

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< p > third paction qualification < /p >

< p > the seller of the Fifth cotton reserve auction business is the China cotton reserve management company (hereinafter referred to as "China Cotton Storage General Corporation"), and the buyer is qualified textile enterprise, which needs to open accounts in the trading market and become a trading market dealer.

If the relevant departments have other provisions, they shall be implemented in accordance with the relevant provisions.

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< p > sixth dealers participate in pactions through remote networks.

Dealers should bear economic and legal responsibilities for all pactions in the trading market.

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< p > fourth chapter paction mode < /p >

< p > seventh cotton reserves are sold through auction sale.

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< p > auction sale refers to the basic data of the reserve cotton quality and quantity, such as the quality of sale, and the listing price after being announced in advance through the trading market. The price will be increased by the eligible buyer, and the paction will be done at the highest purchase price according to the principle of price priority and time priority, and the two sides will sign the purchase and sale contract through the market.

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< p > eighth competitive trading system is implemented by countdown.

That is, all the buyers involved in the paction will no longer make any new quotations for the cotton reserves of all batches on the same day.

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< p > ninth bid price is determined by the relevant departments of the state, and the trading market is promulgated and implemented.

The buyer raises his own price on the basis of bidding price, and the minimum increase is 20 yuan per ton per time.

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< p > tenth auction sale contracts shall be registered and filed by the State Administration for Industry and commerce, the contract for the purchase and sale of national cotton reserves (hereinafter referred to as the "purchase and sale contract").

After the paction, the buyer signed the "purchase and sale contract" with the China Cotton Storage General Corporation, witnessing the paction market.

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The measurement unit of < p > eleventh auction pactions is "ton", and the valuation is based on "yuan / ton" (including VAT).

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< p > fifth paction information disclosure < /p >

< p > twelfth reserve cotton auction sale resources are entrusted and submitted by the State Department concerned, and the central cotton storage company is commissioned as a seller.

Specific measures shall be separately formulated by the parties concerned.

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< p > thirteenth cotton reserves general store company provides the basic data of reserve cotton production year, place of origin, warehousing, quality, quantity, and date of listing to be listed on the market in accordance with the format and time stipulated by the relevant departments.

As far as possible, the central storage cotton company will arrange evenly distributed grades of cotton, and try to bundle up the same or similar grades of cotton so that buyers can buy them on demand.

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< p > fourteenth cotton reserves shall be notarized by the China Fiber Inspection Bureau before being listed, and the inspection certificate shall be the basis for the quality and quantity of the loans involved in the paction and settlement of pactions.

If the relevant departments have other provisions, they shall be carried out in accordance with relevant regulations.

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< p > fifteenth reserve cotton must be accompanied by a notarial inspection certificate. The object must be in conformity with the test results. The package is complete and the logo is complete.

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< p > sixteenth central storage cotton company is responsible for the reserve cotton data provided by it.

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Less than 24 hours ago, the seventeenth trading markets announced the reserve cotton information to be listed for sale in the P market.

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< p > eighteenth trading markets provide real-time quotes for dealers and customers involved in the paction.

The trading market announces information about price quotas and trading volume daily.

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< p > nineteenth trading markets will be submitted to the relevant state departments and the central storage cotton company in time.

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< p > sixth chapter deposit, payment and handling fee < /p >

< p > twentieth the buyer's dealer who will participate in the auction of cotton reserves shall deposit a margin of not less than 300 thousand yuan before the paction is designated in the trading market.

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In the paction of < p > twenty-first, if the margin of the buyer's dealer is insufficient, it will not be able to participate in the paction.

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After the paction of < p > twenty-second, the trading market withheld the margin from the dealer's margin in accordance with the standard of 1000 yuan / ton for the performance bond.

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< p > twenty-third, the buyer must sign the purchase and sale contract within 3 working days after the paction, and within 5 working days after the paction, in accordance with the amount stipulated in the contract and the remittance of the account (whichever is the original or copy of the remittance certificate of the buyer), otherwise it shall be regarded as a breach of the buyer's agreement, and the trading market shall deduct the buyer's performance bond according to the contract stipulations.

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< p > twenty-fourth the central storage cotton company issued the "reserve cotton export list" to the buyer 2 days after receipt of the buyer's payment, and sent out the warehouse notice to the storage warehouse.

The buyer will take delivery of the goods from the original warehouse reserve list to the warehouse.

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< p > twenty-fifth trading market, the buyer's performance bond is released by written notice of delivery received by the central storage cotton company.

If the relevant departments or announcements are otherwise specified, they shall be implemented in accordance with the relevant provisions.

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< p > twenty-sixth paction market charges 10 yuan / ton (including tax) to the paction buyer.

The paction fee of China Cotton Storage General Corporation is implemented according to the relevant policies and regulations.

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< p > seventh chapter delivery and delivery {page_break} < /p >

< p > twenty-seventh except force majeure, the buyer shall complete the delivery within 10 days (including) from the date of the relevant batch of "reserve cotton export list", and the warehouse shall timely handle the matters relating to the export, and shall not refuse, delay or obstruct without reason.

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< p > buyer fails to take delivery after overdue, according to relevant regulations.

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< p > twenty-eighth, at the buyer's request, the warehouses should provide necessary assistance in such aspects as agent pport, declaration of the wagon plan, dumping and shipment.

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In the process of delivery and pickup of twenty-ninth cotton reserves, the validity and validity of all bills shall be the responsibility of the P.

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< p > thirtieth the storage cost of reserve cotton is uniformly stipulated by the relevant departments of the state, and the authorized trading market is promulgated.

In addition to prior agreement between the two parties, the reserve cotton warehouse shall not be charged any additional fees and shall not be forced to require the buyer to use the designated means of pport.

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< p > eighth chapter deals with dispute handling and quality assurance < /p >

< p > thirty-first trading markets encourage trading parties to resolve disputes through negotiation. Negotiation can not be applied for mediation in the trading market.

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< p > thirty-second, when the paction information is found to be incorrect in the course of paction or delivery, it is responsible for the information provided by the central storage cotton general company. It belongs to the paction market data processing error, and is responsible for the paction market.

The returns due to the above reasons shall not be handled by the buyer.

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< p > thirty-third historical debt disputes between storage warehouses and buyers shall not be linked to the paction and pick-up business of cotton reserves.

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< p > thirty-fourth unless otherwise specified, the quality and weight of the reserved cotton stored in the bid shall be based on the notarial inspection results of the China Fiber Inspection Bureau.

No refund will be made unless the following circumstances are found. If the buyer insists on returning the goods, the buyer's performance bond will be deducted at 1000 yuan / ton.

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< p > 1, doping false; < /p >

< p > 2, cotton packing has internal pollution and mildew; < /p >

< p > 3, small cotton gin and soil baler.

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< p > ninth chapter, other < /p >.

< p > thirty-fifth cotton storage and storage company issued 5 VAT invoices to Buyer within 5 days from buyer's payment.

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< p > thirty-sixth trading markets deliver all kinds of expense lists and invoices to dealers after the completion of the auction.

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< p > tenth chapter supplementary provisions < /p >.

< p > thirty-seventh during the sale of reserve cotton, the trading market announces information on price, volume and list of paction units daily.

The published price quotations mainly include the highest price, the lowest price, the weighted average price and so on.

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< p > thirty-eighth, according to the regulations of relevant departments, the process of dumping and storing will be made public through various media and be subject to public supervision.

Specific implementation in accordance with the relevant notice.

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"P > thirty-ninth" this method is responsible for the interpretation and revision of the trading market.

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< p > fortieth the implementation of this method has been approved by the relevant state departments.

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