First European Quality teak from Guanacaste, Costa Rica
SIP buys and sells First European Quality teak, out of Guanacaste, Costa Rica. Sell it to us or buy it from us, and fix the price forward. Physical cargo, prompt to long dated. Every other teak grade and delivery point sits on the teak sheet.
Start the deal with SIP Global
Choose the deal you want. A SIP trader picks it up directly, no signup required.
Nothing here matches what you are holding? Send it anyway. The sheets cover the markets we publish, not the limit of what we will look at.
Specification
One grade at one delivery point. Grades, origins and windows outside this line are priced on request.
| SIP ID | TIMB-TEAK-FEQ-CR-G |
|---|---|
| Symbol | TEAK.FEQ.CR-G |
| Class | Timber, Bamboo, Rattan & Cork |
| Commodity | Teak ↗ |
| Grade | First European Quality teak |
| Delivery point | Guanacaste, Costa Rica |
| Country | Costa Rica |
| Subdivision | Guanacaste |
| Quote basis | On request |
| Market | Buys and sells, quoted on request |
Forward, floor, cap, fixed-price and storage structures are quoted on request. Tell us the side, the quantity and the timing.
The grade
Plantation teak logs graded to first quality.
Plantation teak sawn to FEQ grade on knots, grain and colour, legal-origin.
Run the numbers
Work out the cost before you ask us for a price. Each tool opens set up for teak.
Which side are you on
We stand on both. One counterparty, one price, either direction.
| Selling | If you grow, produce or export First European Quality teak, we are the buyer. Tell us the volume and the window and we bid it, prompt or forward, so the price is fixed before the crop moves. |
|---|---|
| Buying | If you buy, process or manufacture with First European Quality teak, we are the seller. Give us the tonnage and the delivery window and we offer it, with the price locked for as long as your book needs. |
Send the side, the quantity and the delivery window. We come back with a price.
Price guarantee on First European Quality teak
If a move in the First European Quality teak price would hurt you, fix the price now. We agree it today for the months you name, and it holds whatever the market does in between.
| Buying | You use or resell First European Quality teak and need to know your cost. We fix your purchase price for the quantity and months you name. |
|---|---|
| Selling | You grow, produce or hold First European Quality teak and need to know your revenue. We fix your sale price ahead of production or shipment. |
| Settlement | Against delivery of the First European Quality teak. |
A price is fixed only once a trader confirms it in writing. Request a fixed price.
Caps and floors on First European Quality teak
A fixed price binds buyer and seller. A cap or a floor is a guaranteed price on one side only. You pay a fee up front for it, and it is a right, not an obligation: you use it only if the market moves against you.
| Cap | For buyers. A guaranteed maximum price for First European Quality teak. If the market is above the cap when you buy, you pay the cap. If it is below, you buy at the market price and let the cap lapse. |
|---|---|
| Floor | For sellers. A guaranteed minimum price for First European Quality teak. If the market is below the floor when you sell, you receive the floor. If it is above, you sell at the market price and let the floor lapse. |
| Fee | Agreed and paid up front. It is the whole cost of the cap or floor, and it is not refunded if the cap or floor goes unused. |
A cap or a floor is in place only once a trader confirms it in writing. Request a cap or a floor.
Customs classification
Teak moves under the following Harmonized System headings. Confirm the heading with your broker before entry; classification turns on the finished specification, not the trade name.
| 4403.49 | Tropical wood in the rough, other, including teak |
|---|---|
| 4407.29 | Tropical wood sawn lengthwise, other, including teak |
What we quote, and how far out
We buy and sell spot cash prompt out to three months, physical delivered prompt out to six months and forward from three months to twelve months. We price floors and caps, fixed-price deals and storage and rental against a stated side, quantity and window, and anything past the dates above the same way. There is no cap on the dates we will look at.
A quote is firm only when a trader confirms it in writing against your side, quantity and delivery window.
Contract terms
Quantity, grade tolerance, delivery point, and delivery window are agreed in the trade confirmation and prevail over anything published here. Quality is established at loading by an independent inspection agency nominated by SIP and acceptable to the counterparty, unless another basis is agreed in writing. Documentation, certificates of origin, and any phytosanitary, food safety, or conformity certificates are supplied as available for the grade and origin. The counterparty is responsible for import permits, duties, tariffs, and regulatory clearance at destination, and for confirming that the grade is admissible there. Title and risk pass at the agreed delivery point on the agreed Incoterm. Payment terms are agreed per trade. SIP may require a deposit, a letter of credit, or documents against payment. All trades are subject to SIP standard terms and conditions. Disputes are governed by the laws of Alberta, Canada, and resolved by binding arbitration in Calgary, Alberta.
Bids, offers and Buy or Sell requests on this page are non-binding engagements of price under the SIP standard trading terms. A trade exists only once SIP confirms it in writing.
Common questions
Can I lock in a price for First European Quality teak in Guanacaste, Costa Rica?
Yes. SIP buys and sells on request, prompt to long dated. Send your side, the quantity and the delivery window and a trader comes back with a price. A quote is firm only when it is confirmed in writing.
Who buys First European Quality teak from Guanacaste, Costa Rica?
We do. SIP Global buys and sells in this market, so producers and exporters sell to us and buyers, processors and manufacturers buy from us. There is no listing, no auction and no chain of intermediaries in between.
How do I sell First European Quality teak forward?
Tell us the grade, the volume and the months you want covered. We bid it as a physical cargo, prompt or long dated, and settle against the delivery you name. Structures beyond a flat forward are quoted the same way.
What is First European Quality teak?
Plantation teak sawn to FEQ grade on knots, grain and colour, legal-origin.
What is the minimum volume?
There is no published minimum. We look at what you have or what you need, and tell you straight whether we can price it.
SIP buys and sells this grade on request. Levels are firm only when confirmed in writing by a trader against a stated side, quantity, and delivery window. All trades are subject to SIP standard terms and conditions at https://sipglobally.com/legal/trading-terms/.