Sugarfulexports and its partners have established year-long partnerships with the 17 largest sugar plants in Brazil. Our clientele spans across the entire African region and extends into parts of Europe.
1) Buyer or Buyer’s Mandate issues the Letter of Intent (LOI) and a copy of bank's proof of funds.
2) Seller or Seller’s Mandate issues the Soft Corporate Offer (SCO).
3) “Buyer” issues Irrevocable Corporate Purchase Order (ICPO) with this SOP, with details of the account that will issue the “SBLC’ guarantee, a copy of the passport and copy of the Company Certificate.
4) “Seller” issues FCO or directly draft of Sales and Purchase Agreement (SPA) with copy of passport and Company Certificate, shipping schedule to the Buyer.
5) After mutual agreement,the Sellerand Buyer sign and seal the SPA
6) Buyer issues POF (Proof of funds) bank to bank by *MT799* and Seller responds with the POP (Proof of product) also bank to bank MT799.
7) After the buyer receives the certificate of product existence thought his bank, the Buyer issues an SBLC, irrevocable, transferable, divisible from TOP50 bank in the “*VALUE of ONE MONTH SHIPMENT*” and validity of 12 months and one day (or DLC renewable until the end of contract).
8) Seller sends 2% performance bond to the Buyer and send the product to the shipping port.
9) Seller sends all shipping documents and SGS report to the Buyer’s Bank
10) Buyer send payments by MT103 for each shipment *at port of loading*.
11) After payment of the last shipment the Seller’s bank returns DLC/SBLC guarantee to the Buyer’s bank.
** With regards to the SPA, there will be a mutual fine of 5% on the total contract for breach contract **
Business Type | Distributor/Wholesaler |
Company | Sugarful Exports |
Main Products | Sugar ICUMSA 45 |
Website | sugarfulexports.com |
Established Year | 2012 |
City / State | Berlin , Berlin |
Country | Germany |
Address | Potsdamer Platz 5, 10785 Berlin |
Brochure | Download |
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Nearest Port | Port of Santos |
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