| ≥1 piece |
1. White Refined Cane Sugar Icumsa-45 :
QUANTITY:
150.000 mt ( 12.500mt X 12 month) +/-5% ( Yearly Conract )
PRICE :
US$ 505 ( five hundred five American dollars per metric tons ) , CIF , port Buyer
TERMS:
C.I.F. (Cost, Insurance and Freight) in accordance with INCOTERMS 2000.
DELIVERY:
Delivery of the first shipment shall begin no later than thirty to forty five (30/45) days after receipt of confirmed, verified and acceptance of an operative payment instrument from the Buyer's Bank,acceptable for the Seller. Other eleven (11) delivery every 3o days after delivery of the first shipment.
PACKING:
sugar is to be packed in fifty (50) kilogram net weight in new polylined ethylene and polypropylene bags or internationally acceptable equivalent. The Seller will supply two percent (2%) of empty bags at the seller’s expense. Provision of those same empty bags shall be so stated on the bill of lading and invoice as “free of charge”.
INSPECTION:
S.G.S Inspection at Sellers Cost shall inspect the Commodity at Loading Port.
INSURANCE:
The cargo will be insured by the Sellers in the amount of 110 % of the contract price, with minimum marine clause B insurance. The beneficiary of insurance must be the Buyers.
PAYMENT:
For SPOT:
Irrevocable, Transferable , Stand by Letter of Credit, or Irrevocable,Transferable Bank Guarantee (SBLC/ BG ) for the full contract, which is payable 100% at sight with presentation of shipping documents.
For Yearly Contract :
Irrevocable, Transferable , Stand by Letter of Credit, or Irrevocable,Transferable Bank Guarantee (SBLC/ BG ) for value one monthly shipment as a guarantee, valid for the period duration the Contract plus ten (10) day from the date of issue, and for of the actual payments MT103-23 on per shipment to shipment.
Payable 100% at sight,for each shipment with presentation of shipping documents presented by the Seller for the Seller’s Bank to the Buyer’s Bank, in accordance with the issued the Financial Instruments of payment.