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Agrocommodities

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NEW 2019 SCO Brazilian Sugar ICUMSA 45 - 300,000 Mt per Month - Origin Brazil - CIF Basis

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SCO - Sugar ICUMSA 45
Brazil

 

 

 Dear Sir:

 

 

We have the pleasure to inform you that our group have negotiated this excellent option related to Sugar ICUMSA 45 from Brazil with DLC.

 


   
COMMODITY: Cane Sugar

  • • ICUMSA 45

 
ORIGIN: Brazil
LOADING PORT:

  • • Port Santos
  • • Port Paranagua or similar Brazil Delivery

 
PAYMENT INSTRUMENTS:

  • • Buyer`s Bank needs to be top 50, if not will need Confirmation bank to be top 50

 
PAYMENT:
100% DLC at sight, Confirmed, Transferable, Revolving, Irrevocable, issued and confirmed by a Top 25/50 bank, payable against documents via MT103. 
 
PERFORMANCE BOND:

  • • Seller issues 2% PB to buyer’s bank after receiving operative financial instrument from buyer’s bank.

.
 PRICE:  US$ 285 Pmt
 
PACKING: 50 kg bags
DELIVERY: INCOTERM 2010 
INSPECTION:
• Seller and Buyer mutually agree that SGS or an internationally recognized first class independent surveyor company shall be appointed at loading port, to assess the quality and quantity of the cargo according to the provisions herein stated.
• Seller pays SGS or similar inspection cost at loading port
 
  
  

 


 PROCEDURES
 
0.- BUYER submit ICPO / POF and Import License.

  1. SELLER ISSUES DRAFT CONTRACT;
  2. THE SELLER SIGNS THE FINAL CONTRACT AND SENDS HARD COPIES BY ELECTRONIC TRANSMISSION IN PDF AS HARD COPIES TO THE BUYER ALONG WITH PROFORMA INVOICE- BUYER SIGNS AND RETURNS PROFORMA INVOICE TO SELLER.
  3. THE BUYER AND THE SELLER DEPOSIT A COPY OF THE CONTRACT (SPA) IN THEIR RESPECTIVE BANKS.
  4. WITHIN FIVE (5) DAYS THE BUYER'S BANK ISSUES A NON-OPERATIVE DOCUMENTARY LETTER OF CREDIT CONFIRMED (TOP 50 BANK). INFO TO THE SELLER VIA MT 799 (POF)
  5. SELLER ISSUE PROOF OF THE PRODUCT (POP) ACCORDINGLY VIA SWIFT, BANK TO BANK METHOD, TO THE BUYER’S BANK.
  6. WITHIN 10 (TEN) BUSINESS DAYS, THE SELLER’S BANK SENDS THE 2% PERFORMANCE BOND (EQUAL TO GUARANTEE INSTRUMENT) AND PROOF OF PRODUCT TO ACTIVATE THE LC. 
  7. SELLER ARRANGES PRODUCT DELIVERY AFTER SELLERS BANK VERIFICATION OF OPERATIVE LC.
  8. 30 DAYS APPROXIMATELY THE SELLER DELIVERS THE PRODUCT.
  9. SELLER DIRECTS B/L AND ALL REQUIRED DOCUMENTS INCLUDING COMMERCIAL INVOICE TO BUYER AND BUYER'S BANK ISSUE PAYMENT 100% FOR THE TOTAL VALUE OF THE PRODUCT (LOADED ON THE SHIP) TO THE SELLER`S BANK ACCOUNT. AFTER LOADING IN LOADING PORT.

10.SELLER THEN TRANSFERS THE TITTLE OF THE CERTIFICATE OF PROPERTY IN THE NAME OF THE BUYER AND SHIPPING DOCUMENTS.

11.MONTHLY DELIVERIES CONTINUE ACCORDING TO THE LOGISTICS AGREED IN THE CONTRACT

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