Application & Advantages

Qualification
1.The enterprises registered beyond the territory of the People’s Republic of China and kept in record at the General Administration of Quality Supervision, Inspection and Quarantine of the People’s Republic of China (AQSIQ), and pass the verification by CNCE, which is Type A enterprise.
2.Or a CNCE membership which is registered within the territory of the People’s Republic of China (Type B enterprise).
3.Enterprises on the default list of International Cotton Association (ICA) or China Cotton Association (CCA) are not accepted.

 

Application
For Bonded Cotton, the Seller needs to store it in a bonded delivery (supervision) warehouse designated by the CNCE, sign up for the Bonded Cotton warehouse receipt, and then release information on selling imported cotton through the imported cotton online supermarket trading system; for Forward Shipment Cotton, the Seller needs to pass the CNCE qualification verification before releasing the information on selling imported cotton via the imported cotton online supermarket trading system.

 

Advantage
1.Wider Procurement and Sales Channel: The breakthrough in traditional offline international trade for both sellers and buyers to find more potential customers.
2.Truer market price: Numerous buyers and sellers gathering on the online supermarket make the price of offering and bidding truer and competitive.
3.Transparent transaction: buyers and sellers are anonymous, which benefits  middle and small scale import cotton users.
4.Guaranteed contract performance: Following the principles of “openness, fairness and impartiality”, CNCE safeguards the implementation of the contract by means of collecting the margins in advance, which demonstrates the advantage of CNCE as a third party platform.

 

Business Features
1.Margins offset by warehouse receipts: the sellers can apply for the margins offset by means of storing their cotton in the bonded delivery (supervision) warehouse designated by CNCE.
2.Flexible transaction modes: Either the registered AQSIQ enterprises beyond the territory of the People’s Republic of China or a CNCE membership which is registered within the territory of the People’s Republic of China can freely buy and sell the import cotton in the bonded warehouse or forward shipment cotton.
3.Comprehensive service package: CNCE can provide a full package of competitive services when performing the contracts offline, such as financing service, logistic service,etc.

 


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