BRAZIL WHITE SUGAR ICUMSA 45 RBU,United States price supplier

PRODUCT & GRADE :     White Refined Cane Sugar Grade "A" - ICUMSA 45 RBU

CROP :                2011

ORIGIN :              Brazil, South America, Port at Seller's option

TOTAL QUANTITY :      300,000 MT

SHIPMENT QUANTITY :    25.000 MT

CONTRACT PERIOD :     12 MONTHS  

DESTINATION :         CIF, ASWP

PRICE :               USD $ 415.00 per Metric Ton

PAYMENT TERMS .

BUYER’S BANK WILL ISSUE AN IRREVOCABLE, TRANSFERABLE,OR NON TRANSFERABLE UNENCUMBERED, UNCONDITIONAL, DIVISIBLE, ASSIGNABLE AND CONFIRMED PRIME BANK GUARANTEE (BG)  OR STANDBY LETTER OF CREDIT  ( SBLC)  FOR THE SUM OF USD $ XXXXX .-/ COVERING THE LAST 01  (ONE) MONTHS SHIPMENT VALUE AND QUANTITY THAT WILL ACT AS A COLLATERAL SECURITY GUARANTEE TOWARDS SUCCESSFULL COMPLETION AND LIFTING OF THE CONTRACTED QUANTITY WITH A MATURITY DATE OF 14 (FOURTEEN) MONTHS.

ACTUAL PAYMENT WILL BE MADE BY SWIFT CASH WIRE TRANSFER MT-103/23 OR AUTO REVOLVING DOCUMENTARY LETTER OFCREDIT  ( ARDLC ) PAYABLE 100% AT SIGHT ON PER SHIPMENT TO SHIPMENT BASIS WITHIN 05 (FIVE) BANK WORKING DAYS AGAINST PRESENTATION OF SHIPPING DOCUMENTS STATED IN THE CONTRACT AT THE BUYER’S BANK. THE PRIME BANK GUARANTEE (BG) OR STANDBY LETTER OF CREDIT (SBLC) SHALL BE NEGOTIABLE AND PAYABLE AT THE SELLER’S BANK AND SHALL BE TRANSFERRED BY BUYER’S BANK DIRECTLY TO SELLER’S BANK. THE ISSUING BANK SHALL ALLOW ADDING CONFIRMATION AND ADVISING BY ANY BANK AT THE EXPENSE OF THE BUYER’S SIDE. IF THE PRIME BANK GUARANTEE (BG) OR STANDBY LETTER OF CREDIT (SBLC) ISSUED BY THE BUYER TO THE SELLER IS NOT IN ACCORDANCE WITH THE TERMS OF THIS CONTRACT OR WHAT IS ACCEPTABLE TO THE SELLER AND THE SELLER’S BANK, THE SELLER’S AND BUYER’S BANK MUST DISCUSS AND ATTEMPT TO RESOLVE AMICABLY ANY EVENTUAL MINOR DISCREPANCIES.

THE PRIME BANK GUARANTEE (BG) OR STANDBY LETTER OF CREDIT (SBLC) SHALL BE ISSUED OR GUARANTEED BY ONE OF THE TOP "AA" RATING WORLD BANKS . THE PRIME BANK GUARANTEE (BG) OR STANDBY LETTER OF CREDIT (SBLC) SHALL BE CASHED BY LAST DELIVERYS OR RETURNED BACK AT MATURITIY DAY. IN CASE OF BREACH OF CONTRACT IT WIL BE USED PRO RATA. BUYERS BANK SHALL GET A SKR WHERE THE FINANCE INSTRUMENT IS LODGED. ALL PRIME BANK GUARANTEE (BG) OR STANDBY LETTER OF CREDIT (SBLC) MUST BE ADVISED THRU SELLER’S BANK AND PAYABLE AT THE COUNTERS OF THE SELLER’S BANK.

PERFORMANCE BOND :         2%

PACKING :                  50 kg bags

INSPECTION :               S.G.S

SHIPMENT :                 In 30 - 45 days after Receipt of Payment Instrument to the Seller's Bank

SPECIFICATION :

white refined sugar CANE ICUMSA 45 - FIT FOR HUMAN CONSUMPTION
POLARIZATION: 99.80 % Minimum
SULPHATE ASH CONTENT: 0.04% Maximum by Weight
MOISTURE: 0.04% Maximum by Weight
SOLUBILITY: 100% Dry & free flowing
GRANULARITY: Medium to Fine
COLOR: Sparkling White. Maximum, 45 ICUMSA
RADIATION: Normal w/o presence of Cesium or Iodine, Certified
SEDIMENT: None
SMELL: Free of any odor
REDUCING SUGAR: 0.05 % Maximum by Weight
SO2: 20 PPM Maximum
SUBSTANCE: Solid, Crystal

PROCEDURE :

1.THE BUYER ISSUES AN IRREVOCABLE CORPORATE PURCHASE ORDER (ICPO)AND BANK COMFORT LETTER(BCL)FROM ONE

   OF 50 PRIME BANKS IN THE WORLD COULD BE ALSO A CORRESPONDING BANK

2.THEN Seller Mandate ISSUES FULL CORPORATE OFFER (FCO) TO BUYER.

3. WITHIN 5 INTERNATIONAL BANKING DAYS FROM RECEIPT OF THIS FCO BY THE BUYER, THE BUYER SIGNS, SEALS AND STAMPS AND RETURNS THE FCO,  

4.SELLER ISSUES DRAFT CONTRACT AND SUBMITS IT TO BUYER FOR EXAMINATION AND APPROVAL.

5.THE BUYER SIGNS AND RETURNS THE DRAFT CONTRACT SHOWING ALL AMENDMENTS REQUIRED INITIALED AND ADDS THEIR FULL BANKING COORDINATES, CONFIRMING BANKING INFORMATION AND CONTACT INFORMATION

6.THE SELLER, AFTER DISCUSSING AND FINALIZING ALL AMENDMENTS WITH THE BUYER ON PHONE OR VIA FAX OR E-MAIL, AMENDS WHERE NECESSARY THE CONTRACT, AND SIGNS, SEALS AND ISSUES TO THE BUYER A FINAL COPY OF THE CONTRACT FOR ITS COMPLETION.

7.THE BUYER REVIEWS THE FINAL CONTRACT AND UPON ACCEPTANCE SIGNS THE FINAL COPY CONTRACT AND RETURNS IT TO THE SELLER. IF FURTHER REVISIONS ARE REQUIRED THEY ARE NOTED AND SENT BACK TO THE SELLER FOR FURTHER REVIEW. ANY FACSIMILE OR ELECTRONIC COPY SHALL BE CONSIDERED AS THE ORIGINAL

8.UPON RECEIPT OF THE ACCEPTED SIGNED AND SEALED FINAL CONTRACT FROM THE SELLER VIA EMAIL, BUYER WILL OBTAIN FROM THEIR BANK A DRAFT OF THE FINANCIAL INSTRUMENT TEXT   AND EMAILED TO THE SELLER FOR THEIR REVIEW AND RETURNED TO THE BUYER WITH ANY CHANGES NEEDED.

9.IF HARD COPIES ARE NEEDED THE BUYER SHALL PRINT A COPY OF THE CONTRACT AS A HARD COPY, SIGN IT AND RETURN VIA COURIER TO THE SELLER’S MAILING ADDRESS ON THE CONTRACT. SELLER WILL THEN SEND THREE (3) HARD COPIES TO THE BUYER OF THEIR FINAL CONTRACT SIGNED AND SEALED.

10.WITHIN FIVE ( 5 ) BANKING DAYS THE BUYER'S BANK SHALL ISSUE BY SWIFT THE PRIME BANK GUARANTEE OR STANDBY LETTER OF CREDIT AT AMOUNT OF USD$ XXXXX .-/ AND THE FINANCE INSTRUMENT FOR PAYING THE SHIPMENTS.

11.WITHIN FIVE ( 5 ) BANKING DAYS AFTER RECEIPT OF THE PRIME BANK GUARANTEE OR STANDBY LETTER OF CREDIT ACCEPTABLE TO THE SELLER AND THE SELLERS BANK, THE SELLER ISSUES A FULLY ACTIVE TWO ( 2% ) PERCENT PERFORMANCE BOND OF EACH FINANCE INSTRUMENT VALUE AND PROVIDES PROOF OF PRODUCT FOR EACH FINANCE INSTRUMENT TO THE BUYER AND BUYER'S BANK.

12.FIRST DELIVERY SHALL COMMENCE WITH IN 30-45 DAYS OR SOONER