Brazilian refined white sugar ICUMSA 45,United States price supplier

  

PROCEDURES:

BUYER ISSUES LOI

1.       THE SELLER ISSUES FCO (full corporate offer) TO BUYER. BUYER SIGNED AND SEAL THIS FCO AND RETURN TO SELLER FCO;

2.       BUYER ISSUES ICPO WITH BANKING DETAILS;

3.       BUYER & SELLER SIGN A DRAFT AGREEMENT;

4.       Seller issues Draft contract which will incorporate full terms, conditions and delivery schedule;

5.       SELLER ISSUES BANK ENDORSED COMMITMENT OF COMMISSIONS, PAYABLE UPON RECEIPT OF THE FULL AMOUNT OF EACH LOAD IN HIS BANK A/C WITHOUT ENCUMBRANCE, THE SELLER’S BANK TRANSFER THE AGREED COMMISSION AMOUNT TO THE DESIGNATED BANK A/C OF THE PAYEE WITHOUT REFERRING TO THE SELLER;

6.       SELLER ISSUES PERFORMA INVOICE;

7.       Buyer signs and seals each page of FINAL contract and returns to seller. Seller signs and Seals final contract and send back to buyer;

8.       Seller and Buyer deposit the final contract to their banks; Upon lodging of contracts, seller shall have his bank affirm by mt799 they have the capicity to issue 2% performance bond once the payment insturment is issued and verifed. this is not to issue pb but to affirm they have capicity to do so. 

9.       Within 10 international banking days the buyer’s bank issues an NON-Operative, Irrevocable, NON-Transferable, confirmed (by top 50 World Bank) unconditional, unrestricted, unencumbered, SBLC/BG/ARDLC to seller’s Bank;

10. Within 5 international working days the seller’s bank issues to the buyers bank PBG (Performance Bond Guarantee) 2%, by MT 799 Swift and POP and makes the SBLC 100%OPERATIVE

11.   Shipment begins/Commence within 20/40 days from receipt of 100% operative SBLC /ARDLC.