Oct Soft Offer – Yellow Corn #2 GMO

Commodity:

Yellow Corn GMO export quality

Quantity:

Quantity: 1,200,000 MT

Origin:

Brazil

Contract duration:

12 months Contract.

Delivery:

100,000 MT in Monthly BASIS / CIF.

Packaging:

Bulk

Specification:

See ANNEX 1, Product Specification

Price:

CIF Price – US$ 255 Pmt

Payments terms:

Payment terms

1.- 100% DLC IN CASH, IRREVOCABLE, TRANSFERABLE, 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.

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

Moisture 14,5%

Foreign Matter 1,5% Maximum

Broken Kernels 3% Maximum

Aflatoxine Maximum 20 PPB

Damaged Kernels Maximum 0,5 of Which Maximum 1% Heat Damaged and/or Germinating

Goods Free from Alive Insects

Free from poisonous seeds/husks but tolerance Maximum 0,10% Castorseed and/or Castorseeds Husks