2018 Rice Type 1 – Brazil – March

NEW 2018 Rice Type 1-  UP to 50,000 Mt per Month – Origin Brazil – CIF ASWP

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SCO – Rice Type 1

Brazil

 

 

   

We have the pleasure to inform you that our group have negotiated this excellent option related to Rice Type 1 from Brazil.Final terms will be agreed between Buyer & Seller.

 

NOTE: PRICE LIST for March 31, 2018

 (Prices subject to validate with the ICPO)

 

 

 

Commodity:

 

Brazilian Rice Type 1

 

Quantity:

 

Up to 600,000  metric tones p/year

Origin:

Brazil

Contract duration:

The duration of 12 monthly deliveries

Packaging:

60 Kg Bags

 

 

 

Price:

CIF Price – According to ANNEX 1

 

Payments terms:

SBLC or LC or DLC – Irrevocable NON transferable or Transferable issued by TOP World Bank and paid 100% at Sight

 

 

Delivery terms:

CIF (Incoterms 2010),

First Shipments start earliest 30/45 days after Payment instrument has been approved..

 

 

 

 

 

Inspection:

By SGS at Seller’s expense

 

 

 

 

 

 

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.

 

 

 

 

ANNEX 1

Price for Brazilian Rice Type 1

 

 QUANTITY (MT)

SPOT

CONTRACT /SBLC

CONTRACT / DLC / LC

12.500

$590

$580

$585

25.000

$585

$575

$580

50.000 +

$580

$570

$575

 

 

 

 

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