Announcement Of The 2011 Cotton Interim Purchase And Storage Paction Notice

Cotton companies involved:

According to the relevant provisions of the 2011 cotton provisional purchase and storage plan issued by the eight departments of the national development and Reform Commission (2011 Announcement No. fifth), the cotton purchase and storage paction in 2011 is carried out through the national cotton trading market storage and storage system, and the relevant trading rules are implemented in accordance with the 2011 cotton temporary purchase and storage paction method (see Annex).

Notice hereby.

2011 cotton temporary purchase and storage paction method.Doc

Cotton temporary purchase and storage paction in 2011

general provisions

Article 1 These measures are formulated in accordance with the contract law of the People's Republic of China, the provisional plan for the storage and storage of cotton in 2011 (the national development and Reform Commission's Announcement No. fifth of 2011) and the relevant provisions.

The second 2011 cotton temporary purchase and storage is from China.

The storage of cotton must be processed in 2011, certified public surveyor and comply with the requirements for storage conditions.

Storage and storage points refer to the relevant announcement of China general store and Cotton Corporation.

Article third unless otherwise provided for by this act, take part in the temporary cotton purchase and storage paction.

(1) an enterprise legal person registered with the State Administration for Industry and commerce;

(2) cotton enterprises with 400 types of cotton processing qualification.

(3) having the general taxpayer qualification.

The fourth trading markets and the Central Cotton Storage Corporation jointly audited the qualification of the 2011 cotton storage and storage enterprises, and the results of the audit were returned to the relevant storage enterprises in a timely manner on the 2 working day.

Through the qualification examination of the storage enterprises, it is necessary to open accounts in the trading market to participate in the purchase and storage pactions.

For a 400 type cotton processing enterprise that meets the requirements for storage, or a 400 type cotton processing enterprise that conforms to the storage and storage conditions, the cotton processing enterprise or the 400 type cotton processing enterprise itself is a non independent legal person, and it is necessary for the relevant enterprises to issue leasing, commission processing and certificates of non independent legal persons, so that the enterprises concerned can participate in the storage and purchase paction.

The storage and storage enterprises bear relevant legal liabilities for the information provided.

The Fifth cotton purchase and storage paction time opened at 16:00 every day, and the end of 16:30 trading.

The second chapter is variety, quality inspection, measurement and

The sixth quotations for cotton purchase and storage are 328 grade sawtooth cotton, and the seller's offer is delivered to the designated warehouse warehouse of the central storage cotton company. The delivery price is 19800 yuan / ton based on the fixed weight. The purchase and storage price of other grades of cotton is calculated according to the grade difference of 3% and the length difference rate of 1%.

The actual grade of cotton required for delivery is 1 to 4, with a length requirement of 27 mm or more (including 27 mm). The micron value is required to be level a, B (including B1 and B2) and C grade C2 files. Other quality requirements are carried out in accordance with the relevant national standards.

The actual payment is actually settled according to the notarial inspection results.

The seventh cotton for all storage must be certified by certified public surveyor.

The eighth contract paction measure is "ton", and the unit price of the contract paction is "yuan / ton" (including tax).

The third chapter deals with cotton purchase and storage procedures.

Ninth procedures for cotton purchase and storage pactions:

(1) before the seller participates in the paction, he will pay a certain amount of margin to the trading market, and the trading system will be deducted in real time according to the situation of the paction according to the 300 yuan per ton.

(two) the total amount of storage and storage and the number of specific storage and storage of each storage warehouse will be released by the central storage cotton company before receiving and storing pactions every day.

(three) the cotton purchase and storage paction system in the trading market opens at 16 o'clock on weekdays, and the storage enterprises that have already opened accounts can enter the trading system to participate in the paction.

(four) after the paction begins, the storage enterprises with paction qualification will participate in accordance with the principle of "time first".

The number of pactions in the mainland should be 30 tons, and the minimum number of pactions per unit should be no less than 90 tons. The maximum number of pactions per unit should not exceed 180 tons. The total number of pactions in Xinjiang should be 40 tons, and the minimum number of pactions per unit should be no less than 200 tons. The maximum number of pactions per unit should not exceed 400 tons.

16:30 full court trading ended.

(five) according to the results of the paction, the trading market will generate the contract for the purchase and sale of the national cotton reserves which is registered and filed by the State Administration for Industry and commerce. The general store company and the seller will sign the contract within 3 working days, and the trading market will bear witness to the third party and have the legal effect.

(six) if the seller fails to sign a contract within 3 working days after the paction, the trading market will be disposed of according to its default.

The tenth storage enterprises and the central storage cotton company respectively bear all the economic and legal responsibilities for the "invitation" directive issued by the cotton trading system of the paction market.

The eleventh storage enterprises must participate in the paction in accordance with these measures and relevant provisions.

For those dealers who violate the provisions of the present Measures and the relevant public notice, the paction market shall have the right to give verbal warning, written warning, suspension of trading and cancellation of dealer qualification in accordance with the seriousness of the case, except for the paction is invalid or breach of contract.

The fourth chapter is margin and commission.

The twelfth trading market receives a margin from the seller and the buyer before the paction. The seller dealer needs to deposit a security deposit of not less than 200 thousand yuan before the paction is specified in the trading market.

Margin refers to the funds paid by the seller's dealer and the central storage cotton company in accordance with the provisions of the trading market, and is specifically used for the performance guarantee of the cotton temporary purchase and storage paction in 2011.

In the thirteenth paction, if the seller's margin margin is insufficient, the seller will not be able to participate in the paction.

After the fourteenth paction, the trading market will temporarily suspend the 300 yuan / ton margin for the performance guarantee.

The fifteenth trading market releases the margin of the seller's dealer by the notice issued by the central storage cotton company.

The sixteenth paction market charges 10 yuan / ton (including tax) to the two parties respectively.

The fifth chapter quality inspection support and dispute resolution.

Seventeenth during the actual storage process, if the quality and quantity of cotton provided by the storage and storage enterprises do not conform to the prescribed storage conditions, regardless of whether the cotton has been pported to the designated warehouse of the general store company, all the expenses incurred and all the responsibilities incurred shall be borne by the storage and storage enterprises. The corresponding part of the cotton shall be treated according to the implementation measures of the China cotton reserve General Administration Company "2011 cotton provisional purchase and storage plan".

If the eighteenth storage enterprises or the central storage cotton company have objections to the notarial inspection results, they shall submit a reexamination application to the MGC according to the provisions of the "cotton quality supervision and administration regulations", and the MGC shall carry out the re inspection according to the prescribed procedures, and the two parties will settle the matter according to the re examination result. If there is still any objection to the reexamination conclusion, the MFA may apply for arbitration or bring a suit in the people's court according to law.

Nineteenth of the following situations exist in the storage enterprises:

1. The purchase price of seed cotton for storing cotton is lower than the reference price of seed cotton purchase stipulated in the contract.

2, failing to sign the purchase and sale contract according to the prescribed time.

3, failing to deliver the goods at the stipulated time;

4, the quality of cotton is fraudulent.

5, the actual storage of cotton (public inspection qualified part) is less than 10% of the contract.

6, the storage of cotton failed to pass the public inspection, did not return to the reserve cotton company in advance at the prescribed time.

7, other serious violations of these measures and the relevant provisions.

The twentieth contract is in breach of contract, and the paction market will pay the breach of contract to the other party according to 300 yuan / ton.

Twenty-first warehousing enterprises are responsible for the quality lifelong responsibility system for the storage and storage of cotton. When they were out of the warehouse, they found that the adulteration of fake cotton and the big cotton samples were seriously inconsistent with the original results. The storage enterprises must bear the corresponding economic and legal responsibilities.

Sixth chapter supplementary provisions

The twenty-second delivery process and payment settlement are implemented in accordance with the implementation measures of the cotton reserve interim plan of China cotton reserve management company <2011.

The twenty-third trading market has the right to make adjustments to the relevant provisions of these measures in accordance with the instructions of relevant state departments.

All adjustments will be released in the form of trading market announcements.

The twenty-fourth way is responsible for the interpretation and revision of the paction market.

The twenty-fifth measures shall be implemented from the date of promulgation.