2021 May Soft Offer – Yellow Corn #2 GMO

NEW 2021 May Soft Offer – Yellow Corn #2 GMO Monthly delivery Up to 200,000 Mt p/month – Origin Brazil – CIF Basis – Main Central ports/China.

 

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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.

  

 

 

Commodity:

 

Yellow Corn GMO export quality

 

Quantity:

 

Quantity: 2,400,000 MT

Origin:

Brazil

Contract duration:

12 months Contract.

 

Delivery:

200,000 MT in Monthly BASIS / CIF.

Packaging:

Bulk

Specification:

See ANNEX 1, Product Specification

 

Price:

CIF Price – US$ 310 Pmt

 

Payments terms:

Payment terms

1.- 100% DLC IN CASH, IRREVOCABLE, TRANSFERABLE, SELF-ROTATING, ISSUED OR CONFIRMED BY THE APPROVAL OF THE SELLER’S BANK (SWIFT MT700 MESSAGE). EACH TRANSPORT WILL BE PAID THROUGH MT103 AGAINST THE PRESENTATION OF SHIPPING DOCUMENTATION.

2.- SBLC 100% CASH, IRREVOCABLE, TRANSFERABLE, AUTO-ROTATED, ISSUED OR CONFIRMED BY THE APPROVAL OF THE SELLER BANK (SWIFT MESSAGE MT700). EACH TRANSPORT WILL BE PAID THROUGH MT103 AGAINST THE PRESENTATION OF SHIPPING DOCUMENTATION.

“All Certificates, documents or POPs will be delivered upon receipt of banking instrument under conditions of present SCO via Swift Bank to Bank.

 

 

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

 

0. Seller issues SCO Soft Corporate offer

1. Buyer issues LOI/RWA with full banking coordinates and permission for Soft probe.

2. Seller issues Draft Contract.

3. Buyer signs the Draft Contract and sends it back to the Seller.

4. Seller issues the final Contract to the Buyer.

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.

6. Seller posts Performance Bond (PB) for the value of 2 % and LC becomes operative.

7. Shipment begins. Buyer can perform a physical inspection together with SGS at the time of loading of product.

 

 

 

ANNEX 1

Specifications

Yellow Corn GMO

Origin: Brazil

Specifications: Yellow Corn Graded # 2 – shall conform with the following specifications and/or international standard specifications, fit for human consumption.

Test Weight: Min 70

Moisture: Max 14%

Forighen Matters: Max 1.5%

Broken Kernel: Max 3%

Total Damaged: Max 3%

Aflatoxin: Max 20 Ppb Protein: Min 8%

Fat: Min 3%

Fiber: Max 2.7%

Total Ash: Max 1.5% T.V.N.: Max 50

Toxic Grains: Max 2 – 3 (Seeds In 100) E. Coli: Max 0

Mould: Max 5 X 105

Salmonella: Max 0

 

 

 

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