We are in urgent time and serious to buy sugar
as the following:
1-Commodity: White Refined
Sugar (ICUMSA 45 RBU – Brazil (S.G.S ) scale)
2-Two year contract as: (24Month×25000M/T)/The Total Quantity is
=600.000M/T
3-Delivery Port: CIF (UM-QASSER
PORT IRAQ)
4-Packing: 50KG Bag
5- Origin: Brazil
6-
Insurance: Seller LLOYD’S BROKER COVRING %110
7--Target Price:$ 340 as( 340 Us Dollar M/T)
8-Payment Term :( CONDITIONAL L/C) ,( ISSUNCE at NORTH BANK of IRAQ)
Terms shall be by Transferable Revolving
Deferred Letter of Credit Issue by (NORTH BANK of IRAQ )and will
Transfer and confirm by one of Top Prim World Banks to the Bank Seller
ADDRESS.
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We have closed a contract with the Iraq
Trading Ministry to buy sugar for them and there are subject in Regard
to ( L/C and SGS Quality ).
The LAW of Iraq
Trading Ministry for Importing Goods have two subject and all Banks in
Iraq have to obey that and Seller must accept as the following:
1-The Seller have to
pay , CHARGES OF (ACTIVATION –CONFIRMATION) %8PCT PLUSE %3.2PCT =%11.2
of L/C VALUE to one of The VALID BANKS, and this Amount must Issue by
Trust or Voucher Qualified Valid Bank Warranty to the Alienee
Bank(Buyer Bank). This Amount (%11.2) will Withdraw Upon the ISSUNCE of
L/C in the Name of Seller.
SO WHENE BUYER BANK
ISSUE L/C IN THE NAME OF SELLER,AT THIS TIME BUYER BANK WITHDRAW %11.2
OF L/C VALUE FOR CHARGES (ACTIVATION-CONFIRMATION)Letter of Credit .
2-By receiving of
each Shipment at the Destination Port and Certificate Announcement and
Issuance Of the Inspector Company (SGS) or any Authorization
Organization Inspection Company in IRAQ Certificate based on the
Conformity of Good’s Quality (%100), Total price of Shipment will be
Paid by CONFIRMING BANK.
L/C will Confirm
after to Check for (SGS) in Destination and L/C have condition, with
regard to check (SGS)quality in Destination Port.
We know sugar will check at the port of loading
for (SGS) Quality, but again is need to check at Destination port, this
is not our choice, this is Iraq Trading Ministry order.
We had offer price
for sugar, it’s been for Yearly Contract about $265 for 600.0000M/T, but
we are buying sugar $340 ,because for the above mentioned.
I hope it would be clear to you and can close
this business together.
PROCEDURES:
If it is OK,you have to sent pages of Seller’s
(PRO-FORMA INVOICE and FCO) as:
Buyer issue
Letter of Intend (LOI) and Seller issues Full Corp orate Offe r
(FCO) in favor of the Buyer;
Buyer Bank
need(PRO-FORMA INVOICE and FCO) for the Issuance L/C and the bank
informations ,that seller bank need.
In the
FCO, Seller must insert the full detail of buyer request and acceptance
of seller in regard to:
(1-seller bank
Guarantee to pay charges for %11,2 of L/C value to buyer bank
2-seller have agree to check SGS quality in
destination port,and it is mention in L/C, And L/C is conditional).
If seller want to do the deal for less energy
in time, he have to sent( FCO and PRO-FORMA INVOICE) to process .
Best Regards
ANOUAR
CHENNOUFI
www.cto.gq.nu
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