Icumsa 45
SUGAR ICUMSA 45
PRODUCT: SUGAR ICUMSA 45
ORIGIN: BRAZIL
QUANTITY: 600,000 metric tons per Year (Or More)
CONTRACT TERM: 12 Months, 50,000MT per month as (2) Shipments of 25,000 MT each, per month (Or More)
BASE OF DELIVERY: Any Safe Port.
PRICE: $575 USD MT CIF
INSPECTION: SGS
SPECIFICATIONS: Standard
PARTIAL SHIPMENTS: Allowed
TRANSSHIPMENT: Not Allowed
PERFORMANCE BOND: 2%
PACKAGING: In new single woven PP bags of 50kgs net each with 2% of extra bags at no additional cost. Each bag will be labeled SUGAR #45, 50kgs, Product of Brazil, Do Not Use Hooks.
PAYMENT TERMS: Each load will be paid by MT -103 or Ledger Transfer directly between Seller’s bank within a maximum of 3 days after shipping documents have been received. Seller will hold a SBLC as security against payment terms.
PROCEDURES:
- Buyer sends ICPO and BCL
- Seller accepts ICPO and signs and sends back to the Buyer and Seller issues draft contract to Buyer, Buyer reviews Contract and returns to Seller with amendments, Seller and Buyer agree on amendments and sign contracts.
- Seller will provide Soft Proof of Product in the form of Seller’s Bank furnishing to the Buyer’s Bank a document that represents and verifies that the subject sugar is covered under an allocation that the Mill has with the Seller.
- Buyer issues a pre-advice of the banking instrument (SBLC) to Seller, it will be an Irrevocable, Transferable, fully assignable, Unconditional Bank Guarantee for 1 month of shipments $28,750,000USD, active for 14 months from a top 50 world bank.
- Seller issues certified copies of export permit and number for this order, business licenses (registration licenses as to export permit). Seller issues 2% PB and Buyer’s SBLC goes operative (deliveries begin).
THE PROCEDURES, PRICES & COMMISSIONS
ARE NOT NEGOTIABLE!
SUBJECT TO DEMAND AT TIME OF ORDER. QUANTITIES TO BE
NEGOCIATED BASED ON AVAILABILITY.
