| ≥1 piece |
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COMMODITY : |
white refined cane sugar |
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DESIGNATION : |
icumsa 45 RBU |
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SPECIFICATIONS : |
Specifications Sheet (dated, signed and sealed) hereafter attached. |
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ORIGIN : |
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PACKING : |
IN |
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Any Safe and not sanctioned Worlwide Port |
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TOTAL QUANTITY : |
from 12,5000 MT (+/- 5%) |
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VESSEL SIZE : |
12,500 MT (+/- 5%) |
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CONTRACT LENGTH: |
Spot / 12 Months with rolls and extensions |
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FIRST SHIPMENT : |
25/30 working days following receipt of operative L/C |
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PRICE : |
300 USD/MT CIF ASWP |
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SHIPPING TERMS - INCOTERM : |
(CIF COST INSUANCE AND FREIGHT (further details as set forth by Incoterms 2000 (Latest Edition) as published by the International Chamber of Commerce (“ICC”) |
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PAYMENT TERMS : |
By Irrevocable, Operative, Assignable, Transferable, Confirmed, LETTER OF CREDIT the value quantity 12.500 MT. payable 100% at sight documents, after Inspection at loading and presentation of shipping documents, and confirmed by one of the Top 50 Prime Banks. |
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INSURANCE : |
At the charge of Seller covering 110% of Letter of Credit value. |
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DOCUMENTS : |
as lis As listed by ICC Incoterms 2000. |
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INSPECTION : |
by C By SGS or others for Seller’s Account at |
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DISCHARGE RATE : |
1.500 MT / WWD MINIMUM |
OUTLINE PROCEDURE
1. Buyer send a LOI or ICPO with permission to execute a soft probe of funds.
2. Seller sends FCO to Buyer after having received his LOI
3. Buyer signs and seals FCO to show his approval
4. Seller sends draft contract for negotiation
5. Seller/Buyer approve the Final Draft and sign the electronic version
6. Seller prepares 5 original copies to be sent by courier (DHL or equivalent) to Buyer
7. Buyer returns 3 signed copies by courier (DHL or equivalent)
8. Buyer issues the Pre-advice Letter of Credit to Seller’s bank within 5 working days.
9. Seller check the Pre-advice Letter of Credit and confirm to buyer within 5 working days .
10. Buyer issues the non operative Letter of Credit to Seller’s bank within 7 banking days.
11. Seller issues the 2% PB within 10 banking days maximum, that activates automatically and
immediately the L/C. that becomes operative, and issue the P.O.P. Bank to bank.
12. Shipment commences in accordance with the agreed schedule