CONTRACTS ICUMSA 45 / 600 - 1200 (SBLC)

SELLER-DIRECT SUGAR OFFER

Valid for January 2019

(Subject to availability. Allocations sold on a first come basis. Price subject to change without prior notice.)

     ICUMSA 45 / 600 - 1200              

              

PAYMENT BY SBLC / BG (Seller Security) + MT103 CAD
QUANTITY	Icumsa 45 / 100 / 150	Icumsa 600 - 1200	COMMISSION
12 X   12,500 METRIC TON	$ 405.00 per Metric Ton	$ 410.00 per Metric Ton	$    300,000.00
12 X   25,000 METRIC TON	$ 400.00 per Metric Ton	$ 405.00 per Metric Ton	$    600,000.00
12 X   50,000 METRIC TON	$ 395.00 per Metric Ton	$ 400.00 per Metric Ton	$ 1,200,000.00
12 X 100,000 METRIC TON	$ 380.00 per Metric Ton	$ 385.00 per Metric Ton	$ 2,400,000.00
12 X 150,000 METRIC TON	$ 380.00 per Metric Ton	$ 385.00 per Metric Ton	$ 3,600,000.00
12 X 200,000 METRIC TON	$ 370.00 per Metric Ton	$ 375.00 per Metric Ton	$ 4,800,000.00

PROCEDURE (Not negotiable):

1. Buyer issues acceptable ICPO. and BCL or other proof of funds.
2. After receipt of acceptable  ICPO. and BCL, the Seller will issue a draft contract.
3. Buyer signs the draft contract.
4. Seller issues the final valid contract.
5. Seller issues POP in form of warehouse receipt for the first shipment.
6. Within 5 banking days, the Buyer issues a SBLC acceptable to the Seller.
7. After acceptance of the SBLC, the Seller issues 2% Performance bonf for the first shipment.
8. Production, loading and shipping commences according to the schedule indicated in the contract.
9. The shipping documents are sent to the buyers bank.
10. Payment is made for each shipment by MT103 within three banking days after receipt of the original shipping documents by the buyer’s bank.
11. At the end of the contract the SBLC will be returned unencumbered.

This offer, the buyer provides the buyer with the opportunity to purchase sugar directly from the Seller at the lowest price possible.
   

PAYMENT TERMS (Not negotiable):

A.) Fully cash backed, unencumbered SBLC with a value of at least 1 month shipment value. This SBLC must be valid Thirteen Months. (This is for Seller Security)

B.) Payment for each loaded vessel by & MT 103 or and any mutually agreed upon financial instrument payable within three banking days after first presentation of the shipping documents at the buyers bank.

The last months shipment can be paid by the seller cashing the SBLC or the buyer makes payment for the last month ahipment and the seller returns the SBLC unencumbered to the buyer.

NOTE: All Payment instruments other than MT 103 must be issued or confirmed by a TOP 50 rated bank and the verbiage must be acceptable to the Seller and the Sellers bank. 

IMPORTANT:

• Please only contact us after you have assured yourself that the buyer is prepared to move ahead with the purchase according to our Procdure and Payment Terms immediately.
• This is a time limited offer. There is no guarantee these prices and quantities will be available after production capacity is exhausted.

• Commissions are fixed.