ICUMSA 45 – GRADE ‘A’ REFINED SUGAR

PRODUCT: ICUMSA 45 – GRADE ‘A’ REFINED SUGAR

ANNUAL CONTRACT: 300k mt/month - TOTAL CONTRACT 3.600k mt /year
LOADING PORT: SANTOS – BRAZIL

PRICE: CIF US$ 275,00 /mt (includes all referral fees to intermediary agents on seller’s side)

DELIVERY: After Pre-Advice-Confirmed DLC = 6 to 8 weeks for first shipment– subsequent shipments at 30-35 days interval.

TERMS AND CONDITIONS:

•  Issued by Buyer to Seller: LOI + ICPO + BCL (proof of funds corresponding to the total 12 months of the operation.

•  Guarantee: DLC (cash-backed, irrevocable, non-divisible, non-transferable)

•  Payment, against shipping documents, via MT 103 swift or TT bank transfer.

•  Deadlines upon acceptance of this proposal:

  •  Buyer: up to 2 working days for LOI addressed to seller

  •  Seller: After receiving LOI – up to 2 Working Days for SCO – Official Offer

  •  Seller: after receiving SCO – up to 4 working days for ICPO + BCL

  •  All parties: After receiving ICPO + BCL – up to 4 working days to sign final

    contract

  •  Seller: Upon signing and acceptance of the contract, up to 2 working days to

    send Buyer Pro Forma Invoice

  •  Buyer: Upon receiving Seller’s Pro Forma Invoice, Buyer’s bank will, within 7 days

    issue their pre-advice confirmed DLC by SWIFT (MT- 799) to the Seller’s bank.

  •  Within 10 days of receiving the Pro Forma Invoice, Buyer’s bank issues to Seller’s

    bank, via SWIFT, the 100% Cash backed, Confirmed, Irrevocable, Non- Transferable DLC (MT- 760)

•  The Buyer’s issuing bank must be a prime world bank accepted by the Seller’s bank.