Feb 04, 2009
We, XXX, LLC, with full corporate authority and
legal responsibility, acting on behalf of the Ultimate Seller, in the
capacity of its duly authorized AGENT, under penalty of perjury, do
hereby confirm and assure that the ultimate Seller is ready, willing and
able to enter into a contract for selling the following commodity
according to the following terms and conditions:
Whole Milk Powder
We have Milk Powder
available from Brazil and from New Zealand.
The shelf life is valid for at least a year from
the date of production.
* Moisture-2 to 4% MAX
* Fat - 26% MIN
* Protein - 25% MIN
* Lactose - 37% MIN
* Minerals - 7% MAX
* Acidity - up to 0.17% in lactic acid
(maximum)
* Add Vitamin AT between 5000 to
10,000 IU per 100 grams
* Adding Vitamin D
is between 500 to 1000 IU per 100 grams
*
Total coliforms not to exceed 100 cells per gram
* TPC not to exceed 50,000 cells per gram
QUANTITY: up to
25,000MT per month FOB
Packaging - Price: 1Kg bags - USD $3,200/MT -
25Kg Bags - USD $2,600/MT
CONTRACT BASIS: Price fixed for 12 months.
CONTRACT LENGTH: 12
months.
PORT(S) OF
LOADING: To be advised.
DESTINATION PORT : To be advised.
PAYMENT TERMS: 100%
Automatic Revolving Transferable Divisible Documentary Letter of Credit
(ARTDLC), payable on presentation of satisfactory SGS certificate,
shipping documents, Captains Bill of Lading.
INSPECTION AGENCY: By SGS Certificate and/or
other responsible recognized Surveyor.
LOADING: Quality, Quantity, Weight & phyto
confirmation by SGS at Seller's cost and established at port of loading.
PERFORMANCE BOND:
Revolving Two percent
(2%) month by month of the contract value.
* Seller to provide: Vessel name, Port of
loading, Quantity to be loaded
*
Inspection: Buyer is allowed full and unhindered inspection of the Goods
in
* Loading Port and also at the storage
facilities after te exchange of contracts.
* Inspection Certificates: Originals and Copies to Buyer within 5
working days
* SGS certified company will
handle the analysis at the moment of the dispatch from the factory or
distributor, the port of departure and the port of arrival
PROCEDURES:
1. Buyer
issues the Letter of Intent (LOI) to the Seller.
2. Seller issues the Draft Contract to
the Buyer.
3. Buyer signs the Contract
and sends it to the Seller along with draft wording of the ARTDLC.
4. Seller sends six original signed
copies via express courier to the Buyer.
5. Buyer signs the contracts and sends three copies to the Seller.
6. Buyer and Seller deposit the signed
contract to their respective banks
7.
Within five (5) banking days of depositing the original contract to
their
respective banks the Buyer's
Bank sends a non operative ARTDLC, divisible for month shipment value
(and with partial shipments allowed) to the Seller's Bank.
8. Upon receipt of non operative
ARTDLC the Seller's bank informs accordingly the Seller. The Seller
issues Proof of Product (POP) to be sent to the Buyer's. Bank. The
Seller's Bank within five (5) banking days informs the Buyer's bank
that, upon when the L/C is operative, they will issue and active
Performance Bond of 2% of the monthly shipment value.
9. After receipt of the Performance
Bond by the Buyer's bank the ARTDLC
becomes operative.
10. The
certification of the product will be under SGS Authority.
11. The document which certifies the
loading and the survey will be accepted and signed by SGS.
12. The shipment will start not less
than 45/60 days from receipt of the operative ARTDLC at the Seller's
Bank.
Email:
E-mail:strickland_associates@yahoo.com |
