FULL CORPORATE OFFER
We,
INTERHOME ENTERPRISES LTD, herein the Seller, confirm with full legal
responsibility and under penalty of perjury that we are ready, willing
and able to sell Refined White Cane Sugar ICUMSA 45 on the following
terms and conditions:
Commodity: Refined White
Cane Sugar ICUMSA 45
Specification: See below
Origin: Brazil or South America Seller’s option.
Quantity: 2,000,000/mt (+/-5%)
Shipments: 4 x 25,000/mt (+/-5%) per month
Price : US$ 110/mt CIF FO ASWP
Total Value : US$ 220,000,000 ( Two Hundred
Twenty Million United States Dollars )
Payment:
Irrevocable, Fully Funded Revolving Letter of Credit in favor of the
Seller, Interhome Enterprises Ltd., issued, confirmed and guaranteed by
a top world prime bank acceptable to Seller
Performance Bond:2.0% of the value of the
Irrevocable, Fully Funded Revolving Letter of Credit
Initial Shipment: Within 30-45 days after the
financial instrument is in place at Seller’s bank and, thereafter,
according to the Agreement schedule
Packing: In
50 kg. Bags (2% extra bags are free)
Inspection:
By SGS or equivalent at port of loading at Seller’s cost
Seller’s Bank: Arab Bank Plc, Limassol, Cyprus.
Specification: Refined White Cane Sugar ICUMSA 45
Icumsa: 45 RBU
Polarization: 99.80%
Solubility: 100% free flowing
Moisture: 0.04% maximum
Ash: 0.04% maximum
Granulation: Medium to fine
Colour: Sparkling white
Radiation: Normal without presence of cesium or
iodine
SO: mg/kg4
Crop:
2003 or 2004 at seller’s option
Procedure:
1. Seller / Seller’s Mandate issues the full
corporate offer (FCO – this document).
2. Buyer
signs and seals the FCO, and issues an Irrevocable Corporate Purchase
Order (ICPO) and full banking co-ordinates or Bank Capability Letter
(BCL), as appropriate, from a prime world bank confirming that the Buyer
has the funds to purchase the Agreement quantity of 2,000,000/mt product
at the agreed value of US$ 220,000,000 and payment via an Irrevocable,
Fully Funded, Revolving Letter of Credit in favor of the Seller,
Interhome Enterprises Ltd.
3. Seller / Seller’s
Mandate issues the draft Agreement to Buyer for his approval.
4. Buyer signs, stamps and seals the Agreement
and returns it to Seller for his signature, stamping and sealing.
5. Within 10-international banking days of Buyer
and Seller signing the Agreement, the Buyer will issue the Irrevocable,
Fully Funded, Revolving Letter of Credit in favor of the Seller,
Interhome Enterprises Ltd., at Seller’s bank. The Irrevocable, Fully
Funded, Revolving Letter of Credit for the quantity of 2,000,000/mt
(+/-5%) and valued at US$ 220,000,000 will be valid for 24-months and
until the total Agreement quantity of 2,000,000/mt and to the total
value of US$ 220,000,000 is shipped and delivered. The Irrevocable,
Fully Funded, Revolving Letter of Credit is issued, confirmed and
guaranteed by a top world prime bank acceptable to Seller.
6. Within 10-international banking days of the
receipt, verification and authorization of Buyer’s Irrevocable, Fully
Funded, Revolving Letter of Credit at Seller’s bank, the Seller will
issue a 2.0% Performance Bond for the value of the Irrevocable, Fully
Funded Revolving Letter of Credit.
7. The initial
shipment of 25,000/mt product loads within 30-45 working days from the
date of receipt, verification and authorization of Buyer’s Irrevocable,
Fully Funded, Revolving Letter of Credit for total funds of US$
220,000,000 (Two Hundred Twenty Million United States Dollars) at
Seller’s bank.
8. Shipments begin according to
the Agreement schedule and continue until the Agreement quantity is
shipped.
9. Payment will be released to the
Seller upon negotiation of shipping documents at the Seller’s bank.
Partial shipments are allowed, as appropriate.
please contact :
Mr. Omer
K
omer_310@hotmail.
