NEW 2018 Yellow Corn # 2 GMO – Animal Feed – Origin Brazil – CIF ASWP
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SCO – Yellow Corn # 2 GMO
Brazil
We have the pleasure to inform you that our group have negotiated this excellent option related to Yellow Corn # 2 from Brazil.Final terms will be agreed between Buyer & Seller.
NOTE: OFFER VALID UNTIL FEBRUARY 28, 2018
(Prices and quantities subject to validate with the ICPO)
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Commodity: |
Brazilian Yellow Corn GMO, group 2, export quality |
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Quantity: |
Up to 1,200,000 (One million two hundred thousands) metric tons |
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Origin: |
Brazil |
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Contract duration: |
The duration of 12 monthly deliveries of 100,000 (One hundred thousand) metric tons plus two months. |
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Delivery: |
12 monthly deliveries of 100,000 (One hundred thousand) metric tons corresponding to 2 -4 monthly shipments of between 25,000 and 50,000 metric tons. |
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Packaging: |
60 Kg Bags |
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Specification: |
See ANNEX 1, Product Specification |
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Price: |
CIF Price – According to ANNEX 2 |
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Payments terms: |
SBLC or LC or DLC – Irrevocable NON transferable or Transferable issued by TOP World Bank and paid 100% at Sight
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Delivery terms: |
CIF (Incoterms 2010), First Shipments start earliest 30/45 days after Payment instrument has been approved..
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Inspection: |
By SGS at Seller’s expense |
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Procedures: Contract Procedures
1) Seller sends NCNDA and issues SCO. 2) Buyer issues ICPO 3) Seller issues FCO for Buyer´s review 4) Buyer accepts FCO, confirms by signing and sealing the FCO. Buyer issues RWA or BCL or MT799. 5) Seller provides Draft Contract for evaluation. 6) Buyer and Seller sign Contract. 7) Seller and Buyer’s agents sign IMFPA 8) Buyer has 5 (five) banking days after signing the Contract to issue and confirm the LC Guarantee as outlined in the Contract to send to Seller´s bank via swift MT760 with copy to Seller. 9) Seller issues 2% of Performance Bond 10) Shipments commence as per Contract 11) The Contract commences.
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ANNEX 1
Product Specification for Brazilian Yellow Corn GMO
COMMODITY: YELLOW CORN ANIMAL FEED
ORIGIN: BRAZIL
SPECIFICATIONS:
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1.Moisture |
14% MAX |
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2.Foreign matters |
1.5% MAX |
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3.Damaged Grans |
5.0% MAX |
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4.Heat Damaged Kernels |
0,5% MAX |
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5.Total Damaged Kernels |
3.0% MAX |
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6.Toxic Grans |
2-3 (Seeds In 100) MAX |
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7.Protein |
8.0% MAX |
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8.FAT |
3.0% MAX |
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9.Fiber |
2.7% MAX |
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10.Admixture |
1.0% MAX |
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11.Total ASH |
1.5% MAX |
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12.Discoloration |
1.0% MAX |
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13.Impurities |
12-14% MAX |
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14.Total Aflatoxin |
20.0 PPB MAX |
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15.T.V.N |
50.0 MAX |
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16.E. Coli, Salmonella, Insect |
0 MAX |
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17.Mould |
105.0 MAX |
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18.Radiation |
NONE |
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19.Crop Year |
RECENT |
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Desoxinivalenol (VOMITOXIN) |
5.0 PPM MAX |
ANNEX 2
Price for Brazilian Yellow Corn # 2 GMO
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QUANTITY (MT) |
SPOT |
CONTRACT /SBLC |
CONTRAC / DLC / LC |
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12.500 |
$225 |
$215 |
$220 |
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25.000 |
$220 |
$210 |
$215 |
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50.000 |
$215 |
$205 |
$210 |
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75.000 |
$210 |
$200 |
$205 |
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100.000 |
$205 |
$195 |
$200 |
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