CORPORATE ITC

SUGAR

 

 Dear Sir:

 

We have the pleasure to inform you that our group have negotiated this excellent option related to Brazilian Sugar ICUMSA 45 in CIF Basis.

 

 

CORPORATE SOFT OFFER

Brazilian Sugar ICUMSA 45

 

 

 

REFINED WHITE CANE SUGAR - GRADE "A" - ICUMSA 45 RBU

 

 

UPDATED AUGUST2011 - REV

ORIGIN: BRAZIL

CIF ASWP

USD / MT

 
 

SPOT:

12.500 1 TIME SPOT 12.500 at $530

25.000 1 TIME SPOT 25.000 at $525

50.000 1 TIME SPOT 50.000 at $515

100.000 1 TIME SPOT 100.000 at $ 505

 

CONTRACT:

150.000 12 X 12.500 at $485PMT

300.000 12 X 25.000 at $475PMT

600.000 12 X 50.000 at $445PMT

1.200.000 12 X 100.000 at $435PMT

 

* Note - Prices listed are for payment with Transferable LC, and Non Transferable lc

 

COUNTRY OF ORIGIN: BRAZIL, SOUTH AMERICA  

PORT OF DESTINATION & INCOTERMS: A.W.S.P. CIF BASIS (COST, INSURANCE & FREIGHT)

SHIPMENT: 30-45 Days depend on port.

PERFORMANCE BOND : 2%  No PB for spot deal

SPECIFICATIONS

ICUMSA : 45 RBU ATTENUATION INDEX UNITS METHOD NO.: 4-1978

COLOR : SPARKLING CRYSTAL WHITE

POLARIZATION AT 20'C : 99.8% MIN

MOISTURE : 0.04% MAXIMUM

SULPHATED ASH CONTENT : 0.04% MAXIMUM

REDUCING SUGAR : 0.05% MAXIMUM BY WEIGHT

GRANULATION : FINE

MAGNETIC PARTICLES : 4 MG/KG MAXIMUM

SO2 : 20 PPM MAXIMUM

RADIATION : NORMAL WITHOUT PRESENCE OF CESIUM OR IODINECERTIFIED

PROCEDURES:

1. Buyer issues a LOI/ICPO on the End Buyer's Letter head and RWA/BCL with NCND signed from all in the Buyer side.

2. Seller issues FCO (Full Corporate Offer).

3. Buyer signs, seals and returns the FCO.

4. Seller issues Draft Contract.

5. Buyer signs, seals and returns the Contract.

6. Seller signs the Contract and returns to the Buyer.

7. Buyer and Seller deposit a copy of the executed Contract to their respective Banks.

8. Within 3 (three) banking days, Buyer`s Bank sends a NON OPERATIVE instrument of payment for total shipment value to the Seller's Bank.

9. Within 5/7 (five to seven) days Seller's Bank sends Proof of Products (POP) + (PB 2%) via Swift Bank to Bank methods to the Buyer's Bank.

10. Instrument of payment is operative.

11. Shipment commences as per the terms of the contract schedule

 

PROCEDURES: QUICK LOAD & SPOT 

 

1. BUYER signs and seals this ICPO on BUYER letterhead, and Endorsed by Buyer’s Bank about the availability of Full Fund. 

2. Seller sends Draft Contract with seller’s bank details 

3. Buyer agrees with price and Terms & Draft Contract then the Buyer will immediately sign & seal the Documents as acceptance. 

4. Seller will issue Proforma Invoice (PI), 

5. Buyer and Seller deposit a copy of the executed Contract to their respective Bank 

6. Buyer’s bank will issue Financial Instruments as per the payment terms.

8. Seller within 7 days will send the ORIGINAL POP, SGS/BL, Shipping details bank to bank. With an E copy to buyer. 

9. After being verified the documents sent by seller, Buyer Bank will release payment over the seller’s Bank counter 100% at sight on presentation of Documents. 

10. After receiving payments Vessels get redirected to buyer’s destination port

 

 

 **Deliveries to Iran, Iraq, Sudan and Libya you add USD$ 10 per metric tonne

 

Please note : .

Buyer can go to visit stock in Brazil  after opening LC. -

We need to make sure buyers are serious and they have fund for deal.

 

 

 

Best Regards,

 



Luis O. Benavente
Director Overseas Operations
INTERNATIONAL TRADING CONSULTANTS

Phones 56 2 4585183 - FAX 56 2 4585183

 

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