Date: May, 2005 Subject:
COMODITY : SUGAR ICUMSA45 Dear Sirs,
Thanks for your interest. Here are our details:
COMODITY : SUGAR ICUMSA45
PRICES ARE CFR / DELIVERED (INSURANCE ON BUYERS
ACCOUNT)
Prices are Nett, Any Brokerage Comission
must be added onto this Price List PROCEDURES
1. Seller issues Corporate Quotation (CQ) in name
of the Buyer. (This Document).
2. Buyer signs,
stamps and returns the CQ, completes all information left blank and
returns along with Letter of Intent (LOI) in attached format
3. Seller will send draft Full Corporate Offer
(FCO) and if acceptable Buyer will arrange for Bank Capability Letter
(BCL) in attached format.
4. On receipt and
verification of BCL Seller will forward valid FCO to Buyer for
signature.
5. Seller will send draft contract to
Buyer and settle terms by friendly negotiation.
6. The Buyer must initial the contract and send
to the Seller or the Seller’s Mandate to be initialled. The Seller or
the Seller’s Mandate will initial the contract and will send it back to
the Buyer including a copy of the document appointing the Mandate’ with
authority to act.
7. The buyer will send a draft
of the Letter of Credit from their bank for approval by the seller and
this, when initialled by the Seller, will form a part of the contract.
8. Seller will issue its Corporate Performance
Guarantee (CPG) in favour of the Buyer for value specified in the
Contract. (Specimen to be attached to Contract)
9. Buyer bank will open active letter of credit.
10. All terms of contract are re-confirmed by an
exchange of physically signed hard copies of the contract and contracts
are then in full force.
11. Unless otherwise
agreed in the Contract the First shipment will commence no later than 45
(forty five) working days from date of issue of the operative Letter of
Credit. The remaining consignments will be shipped within each 30
(thirty) day period as defined in the Appendix in the contract on
condition that the operative Letters of Credit have been issued at least
30 (thirty) days before the required shipment date.
12. Effect of payment for each consignment shall
be effected within 3 (three) banking days after receipt by the Seller's
Advising Bank of all documents required for payment.
Quantity USD/TON 12.500
185,00 25.000 175,00
30.000 173,00 50.000
170,00 100.000 165,00
150.000 160,00 300.000
155,00 360.000 153,00
600.000 150,00 1.200.000
145,00 Valid: 05/06/2005
Regards Dr. Decio C. da
Silva
Director Manager
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