ICUMSA SUGAR REFINED,Ukraine price supplier

DOCUMENTS OF PAYMENT

 

1) ORIGINAL AND MANUALLY SIGNED COMMERCIAL INVOICES INDICATING BG OR SBLC NUMBER AND CONTRACT NUMBER, IN 3 ORIGINAL AND 6 NON NEGOTIABLE COPIES;

2) CERTIFICATE OF QUALITY AND QUANTITY (INDICATING TOTAL WEIGHT) ISSUED BY SGS, IN ORIGINALS AND 4

COPIES;

3) CERTIFICATE OF ORIGIN MADE OUT “TO WHOM IT MAY CONCERN” (TO VERIFY THE EMISSION FROM THE SENDING ORGAN) ISSUED BY LOCAL CHAMBER OF COMMERCE, WITH 2 ORIGINALS AND 4 COPIES;

4) FULL SET “CLEAN ON BOARD” BILL LADING, ISSUED BY THE SHIPPING COMPANY AND/OR BY THE CAPTAIN/MASTER OF THE VESSEL MADE OUT TO ORDER, BLANK ENDORSED AND MARKED: “FREIGHT PREPAID”, WITH 3 ORIGINALS AND 4 COPIES;

5) PHYTOSANITARY CERTIFICATE ISSUED BY THE LOCAL AUTHORITY (OF THE COUNTRY OF ORIGIN) INDICATING THE PRODUCT TO BE SUBSTANTIALLY FREE FROM DISEASES, PESTS AND HUMIDITY, DANGEROUS TO PLANTS (FOR WHEAT) AND FOR SUGAR, SO THAT THE PRODUCT IS READY FOR HUMAN CONSUMPTION WITHOUT FURTHER PROCESSING, WITH 3 ORIGINALS AND 4 COPIES;

6) INSURANCE CERTIFICATE IN FAVOR OF THE BUYER AT SELLER´S EXPENSES FOR EACH SHIPMENT.

 

PROCEDURES

 

1. BUYER ISSUES AN ICPO, INCLUDING BUYER´S BANK REFERENCES, BCL/RWA, BUYER PASSPORT COLOR COPY, NCNDA/IMFPA TO SELLER.

2. SELLER SHALL PROVIDE FULL CORPORATE OFFER.

3. BUYER RETURNS THE FCO SIGNED AND SEALED, ACCEPTING PRICE AND SALE TERMS, AND SENDS THE BCL OR RWA VIA SWIFT MT999, FOR THE BG VALUE.

4. SELLER ISSUES CONTRACT.

5. BUYER SIGNS, SEAL AND RETURN THE CONTRACT TO SELLER, DULLY SIGNED AND SEALED.

6. THE SELLER SIGN THE CONTRACT AND RETURN TO THE BUYER.

7. BUYER AND SELLER DEPOSIT A COPY OF THE SIGNED CONTRACT TO THEIR RESPECTIVE BANK.

8. BUYER’S BANK SENDS TO SELLER’S BANK WITHIN 5 (FIVE) BANKING DAYS, AN OPERATIVE FINANCIAL INSTRUMENT (SBLC/BG: UNCONDITIONAL, TRANSFERABLE, DIVISIBLE, IRREVOCABLE) BY SWIFT MT760, REQUIRED TO CONTRACT GUARANTEE AND VALID FOR 14 MONTHS, HAVING A FACE AMOUNT EQUAL TO USD

$XX, 000,000.00 ( xxx MILLIONS DOLLARS) TO COVER THE PERIOD OF TIME THE XX LASTS MONTHS OF SHIPMENTS, OF ONE OF THE 25 TOP BANKS.

9. WITHIN 7 BANKING DAYS, THE SELLER´S BANK SENDS THE 2% PERFORMANCE BOND (EQUAL TO GUARANTEE INSTRUMENT) AND POP, VIA SWIFT, BANK TO BANK METHOD, TO THE BUYER’S BANK.

10. SHIPMENT IS TO START WITHIN 30/45 DAYS AFTER THE BUYER'S BANK RELEASES THE FINANCIAL INSTRUMENTS TO THE SELLER'S BANK.