Soft Offer – Soybean # 2 GMO – 500,000 Mt x 12 – Sep 2018

NEW 2018 Soft Offer – Soybean # 2 GMO – Monthly delivery UP to 500,000 Mt – Origin Argentine/Uruguay – CIF China.

 

 

 

SCO – Soybean # 2 GMO

Argentine/ Uruguay

 

   

We have the pleasure to inform you that our group has negotiated this excellent option related to Soybean # 2 from LATAM.

 

 

COMMODITY: GMO SOYBEANS #2

 

QUANTITY:      500,000 MT x 12 (Twelve months)

 

PRICE:            US$ 300 Pmt

 

ORIGIN:           LATAM

 

PERFORMANCE BOND: 2% PB

 

PAYMENT TERMS: DLC, Revolving, Irrevocable, Non Transferable or Transferable, Operative / Issued or Confirmed by top 50 Global Prime Banks.

PACKING:       Break Bulk Shipping suitable for ocean transportation

 

DESTINATION: CIF Any China Port

 

INSPECTION: S.G.S Inspection or similar authority for Quality, Weights and Quantity Service at Seller’s Cost at place of Loading.

 

 

1. Top 25 Bank.
2. Proof of Funds (US$ 150,000,000 by month)
3. Copy of document of Business Registration from Buyer Group Company
4. Deadline of contract until 30th September.

 

 

Cargo Size	:	According to Contract condition. Seller will arrange vessel or vessels to the loading port as per lay-can time
Delivery Date	:	The  date  mutually accepted  by both  Seller  and  Buyer  as  the  date  on
		which the nominated international surveyor company has ascertained the
		quantity and quality of the product.

 

 

 

SPECIFICATIONS

 

COMMODITY		SOYBEANS GRADE # 2
GMO		GMO
TYPE		Fit For Human Consumption
OIL CONTENT		18.5% Basis, 18.05 Minimum
MOISTURE:		13.5% Maximum
MAX SPLITS		20%
PROTEIN		Min 35%
MAX COLOR		2%
HUSKS		No Husks
TEST WEIGHT		54 Pounds/Min/Bushel
TOTAL DAMAGED KERNELS		3% Max
FOREIGN MATTER		2%
HEAT DAMAGED KERNELS		0.5% Maximum
MAX RADIATION		Normal
ORIGIN		Argentine / Uruguay

  

 

PROCEDURES

 

 

1. Seller issues SCO
2. Buyer issues LOI/RWA with full banking coordinates and permission for Soft probe.
3. Seller issues Draft Contract.
4. Buyer signs the Draft Contract and sends it back to the Seller.
5. Seller issues the final Contract to the Buyer.
6. 5. Buyer’s bank issues and sends by swift the non-operative L/C 100% at sight to the Seller’s bank within 48 hours.
7. Seller posts Performance Bond (PB) for the value of 2 % and LC becomes operative.
8. Shipment begins. Buyer can perform a physical inspection together with SGS at the time of loading of product.

 

 

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