Sugar Prices and specification
CANE SUGAR ICUMSA 45, 100
Payment FFRDLC:
25 000 MT
about USD 200
50 000 MT about USD 200
100 000 MT about USD 185
200 000 MT about USD 170
FOR BANK guaranties (much cheaper then FFRLC):
12 500 MT about USD 195
25
000 MT about USD 190
50 000 MT about USD 185
100 000 MT about USD 165
FOR ALL SHIPMENTS Performance Bond 1.5%
Sugar specification:
Commodity: CANE SUGAR ICUMSA 45
Specifications:
Solubility: 100% free flowing
Polarization: 99,80% min.
Moisture: 0,04% max.
Reducing: 0,05% max.
Ash:
0,04% max.
Granulation: Medium to Fine
Colour: Sparkling, white crystal
Packing: 50kg bags with poly-lined jute bags or
propylene bags
Destination Port/Basis: CIF-ASWP
Payment Instrument: Fully funded, Revolving,
irrevocable, transferable, divisible, unrestricted, unencumbered upon
and confirmed by a top world bank (Sellers bank has to be accepted by
buyers bank).
Please send your LOI and we will
prepare FCO
Payment terms:
Payment in USD only, by an irrevocable,
fully-funded, transferable, confirmed letter of credit issued or
confirmed by a prime bank, automatically revolving for the rest each
month shipment value, payable one hundred percent (100%) at sight also
the payment by bank guaranty under the same conditions as a letter of
credit is acceptable.
Terms of loading: 30-45
days after L/C approval and acceptance by The Seller.
Performance bond:
2% (TWO)
of Full Value of the Letter of Credit, a non operative Performance Bond
and Proof of Product will be established by the Seller's bank within
Seven (7) banking days after Seller's receipt of PRE-ADVICE Letter of
Credit to the Seller Bank. Buyer Letter of Credit automatically
activates the Performance Bond. In the event of non commencement of
delivery by Seller within sixty (60) days from the receipt date of
Buyer's L/C, the total amount of Performance Bond shall be remitted to
the Buyer's upon written notification by the Buyer to Buyer's Bank of
failure of delivery.
PROCEDURE
1. SELLER ISSUES FCO AND SENDS TO THE BUYER
2. BUYER SIGNS AND SEALS FCO AND ISSUES AN ICPO
WITH ALL BANCING COORDINATED, AND BCL AS APPROPRIATE, FROM A PRIME WORLD
BANK CONFIRMING THAT THE BUYER HAS THE FUNDS TO PURCHASE THE AGREEMENT
QUANTITY OF 000 000MT PRILLED UREA 46% AT THE AGREED VALUE OF US$
.000.000 AND PAYMENT VIA AN FFRLC - FULLY FUNDED, REVOLVING,
IRREVOCABLE, TRANSFERABLE, DIVISIBLE, UNRESTRICTED, UNENCUMBERED UPON
AND CONFIRMED BY A PRIME BANK LC ISSUSED BY A TOP RATED WORLD BANK IN
FAVOUR OF SELLER.
3. SELLER ISSUES DRAFT-CONTRACT
AND SENDS TO THE BUYER;
4. BUYER REQUEST ALL
NECESSARY AMENDMENTS AND/OR ALTERATIONS TO DRAFT CONTRACT AND FORWARDS
THE SAME TO THE SELLER FOR APPROVAL;
5. SELLER
RETURNS BY FAX THE SIGNED DRAFT CONTRACT TO THE BUYER FOR SIGNATURE, AND
IS TO BE CONSIDERED AS BINDING AGREEMENT.
6.
SELLER ISSUES 4 (four) HARD COPIES OF CONTRACT TO BE SIGNED AND
EXCHANGED BY COURIER;
7. The Buyer will present
to the seller the Draft FFRLC for the seller acceptance within two days
and only then buyer will issue non operative FFRLC Letter of Credit.
8. The Seller then will issue a 2% Performance
after seller bank acceptance of the Buyers Non operative Letter of
Credit.
9. The Sellers Performance bond
automatically will activate Buyers Non operative Letter of Credit and
will make it operative.
10. DELIVERY AND SHIPMENT
DUE TO SHIPPING SCHEDULE COMMENCE AS AGREED.
