NEW 2020 November – SCO Brazilian Sugar ICUMSA 45 – 100,000 Mt per Month – Origin Brazil – CIF Basis
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SCO – Sugar ICUMSA 45
Brazil
Dear Sir:
We have the pleasure to inform you that our group have negotiated this excellent option related to Sugar ICUMSA 45 from Brazil with DLC.
COMMODITY: Cane Sugar
- • ICUMSA 45
ORIGIN: Brazil
LOADING PORT:
- • Port Santos
- • Port Paranagua or similar Brazil Delivery
PAYMENT INSTRUMENTS:
- • Buyer`s Bank needs to be top 50, if not, will need Confirmation Bank.
PAYMENT:
100% DLC at sight, Confirmed, Transferable or NON Transferable, Revolving, Irrevocable, issued and confirmed by a Top 50 bank, payable against shipping documents via MT103.
PERFORMANCE BOND:
- • Seller issues 2% PB to buyer’s bank after receiving operative financial instrument from buyer’s bank.
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PRICE: US$ 365 Pmt
PACKING: 50 kg bags
DELIVERY: INCOTERM 2010
INSPECTION:
• Seller pays SGS or similar inspection cost at loading port
SALES PROCEDURE
- Seller issues SCO Soft Corporate offer signed & sealed
- Buyer issues LOI/RWA with full banking coordinates.
- Seller issues Draft Contract.
- Buyer signs the Draft Contract and sends it back to the Seller.
- Seller issues the final Contract to the Buyer.
- 5. Buyer’s bank issues and sends by swift the non-operative SBLC or DLC 100% at sight to the Seller’s bank within 48 hours.
- Seller posts Performance Bond (PB) for the value of 2 % and document becomes operative.
- Shipment begins. Buyer can perform a physical inspection together with SGS at the time of loading of product.
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