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PRODUCT & SPECIFICATION:
Origin: Brazil
Product: White Refined Sugar Icumsa 45 RBU. Solubility: 100% Free Flowing
Polarization: 99.80% Min. Moisture: 0.04% Max by Weight.
Ash: 0.04% Max by weight. Granulation: Fine to Medium
Color: Sparkling White Radiation: Normal.
Max as: 1 PPM Max ps: 2 PPM
Max cu: 3 PPM
CONTRACT QUANTITY AND CONTRACT PERIOD:
200,000 MT +/- 5% per month, during twelve (12) Months with possible RAE. Total Quantity 2.400.000
MT (± 5%) (Two Million, Four Hundred Thousand Metric Tons).
SHIPMENT IS CIF:
In vessels of 12.500 MT with delivery period during 30/45, days after receipt and acceptance of the L/C
by Buyer side.
NET PRODUCT PRICE PER METRIC TON:
$375 per metric ton CIF monthly shipment.
PAYMENT TERMS:
Payment by 1 month value Revolving, Confirmed, Irrevocable, Transferable, Divisible, Documentary
Letter of Credit from top 25 bank payable 100% at sight against shipping documents plus 1 month valus
SBLC .
BASIC PROCEDURES:
1. Buyer presents ICPO to GPS with Bank BCL or RWA before moving into draft contract stage.
2. The Seller will present the draft contract for acceptance by the buyer;
3. Buyer Bank delivers SWIFT advice to Seller Bank for POF and to confirm readiness to
deliver the Letter of Credit, within 4(four) working days.
4. Seller Bank delivers SWIFT pre-advice reply confirming readiness to receive the Buyer´s
Bank´s Letter of Credit and attaches/confirms the original documents for the POP to
Buyer´s Bank, within 5(five) working days. Buyer provide 2% PB.
5. LC is activated and shipping is initiated.
No Past Performance or documents will be provided outside of bank to bank via procedures.
Terms Are NON-NEGOTIABLE.
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