COMMODITY: REFINED CANE SUGAR
ICUMSA *5 RBU
ORIGIN: Brazil
CURRENT PRICES (valid for 5 days):
*2,**0/MT (SPOT) $**9/MT
*5,**0/MT (SPOT) $**2/MT
*0,**0/MT (SPOT) $**2/MT
**0,**0/MT (SPOT) $**2/MT
*2,**0/MT x *2 $**5/MT
*5,**0/MT x *2 $**4/MT
*0,**0/MT x *2 $**5/MT
**0,**0/MT x *2 $**5/MT
**0,**0/MT x *2 $**5/MT
Note: Recent past performance
is available upon signing the hard copies in the seller’s
office
3% up charge for non transferable
4 % up charge for 5% Performance Bond
*6. AGREEMENT
PROCEDURES:
Buyer issues an LOI + BCL
or Bank Endorsed ICPO to Seller’s MANDATE
Seller Issues Draft Contract in
Favor of the buyer
Buyer attends TTM in USA to
sign final contract and view past performance and allocation
information.
2. The
Buyer’s bank will send a
Pre-advise SBLC or banking RWA
signed by 2 banker officers to
the Seller’s bank or to the seller.
3. On buyer’s request, only after receipt the
pre-advise SBLC from the buyer’s bank, the seller will send via
Express mail 2 hard originals signed and sealed contracts to the
buyer and Pro Forma Invoice.
4. The payment instruments have to be issued,
confirmed and guaranteed by a TOP **0 world prime bank acceptable
to the Seller.
5. Upon receipt of the Operative, Irrevocable,
Divisible, Transferable, Assignable, Unencumbered SBLC, from the
Buyer’s Bank, the Seller can send, on Buyer’s request, within *0
days, via courier or Swift, at Seller’s choice, the “Proof of
Product” (POP) in the form of a hard copy POP, and 2% performance
bond.
6. The initial shipment of product loads within
****0 days from the date of receipt of the operative and
transferable Standby Letter of Credit.
7. Within *0 days of Buyer and Seller agreed with
the terms and conditions of Irrevocable, assignable, unencumbered,
divisible, operative and transferable stand by letter of credit,
Buyer will point the Seller in writing the particulars of the
discharge ports relevant to the next month shipments according to
this agreement if not written in the schedule for delivery table
below.
