COMMODITY: SUGAR ICUMSA 45



PACKING: BULK VESSELS



DELIVERY: FIRST SHIPMENT IN 30/45 DAYS,



INSPECTION: S.G.S.



INSURANCE: 110% TO BE COVERED BY THE SELLER



PERFORMANCE BOND: 2%



PORT OF SHIPMENT: PORT OF SANTOS-BRAZIL



PRICE FOR SPOT: CIF/ASWP



SPOT 15.000 METRIC TONS……….USD 570,00 SPOT 50.000 METRIC TONS………USD 550,00



PRICE FOR CONTRACT: CIF/ASWP



CONTRACT 12 X 200.00 METRIC TONS........USD 430,00 (WITH 1 BG- Bank Guarantee)



CONTRACT 36 X 300.00 METRIC TONS........USD 410,00 (WITH 1 BG- Bank Guarantee)



PAYMENT SPOTS

In USD by a confirmed Documentary Letter of Credit (according to a pre agreed text between the buyer and seller).

The DLC to be confirmed, irrevocable and transferable. payment 100% at sight at the counter of the seller’s bank against (BL) loading documentation. Validity for letter of credit - 60 days + 20 days for documentation presentation. DLC must be issued or confirmed by top twenty five prime bank

PAYMENTS TERMS:

Mt 103 swift 760 or Letter of Credit, DLC irrevocable, transferable, assignable, divisible for each and every shipment, to be pay against presentation of shipping documents to the buyers bank.

Plus (with) prime world bank BG (bank guarantee) or SBLC top 25 transferable, divisible, irrevocable, confirmed, the value of one month of contract, valid until end of contract.

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SPECIFICATIONS:

WHITE REFINED CANE SUGAR ICUMSA 45

POLARITY AT 20 DEG CENTIGRADE:…...99.80 MIN.

SULPHATE & ASH CONTENT:.....0.04% MAXIMUM BY WEIGHT

MOISTURE:......0.04% MAXIMUM BY WEIGHT

SOLUBILITY:......100.0% DRT AND FREE FLOWING

GRANULOMETRY:.....FINE STANDARD

ICUMSA:.....MAX. 45 ICUMSA WITH INDEX UNITS METHOD # 10-1978

SEDIMENTS:.....NONE

COLOR:.......BRILLIANT WHITE

CROP:... 2013 – 2014

MAGNETIC PARTICLES:.....MG/KG 4 SO2:........MG/KG 20

RADIATION:.....NORMAL W/O PRESENCE OF CESIUM OR IODINE:

CERTIFIED HEAVY METALS, TOXIC ELEMENTS:.......MAXIMUM MG / KG BASIS

REDUCING SUGAR:.....0.010% MAXIMUM IN DRY MASS PESTICIDE

TRACES:.......MAXIMUM MG / KG BASIS

SUBSTANCE:....SOLID CRISTAL MAXIMUM BY WEIGHT MAX

AS:.......P.P.M.

MAX OS:........2 P.P.M. MAXIMUM. MAX CU:........3 P.P.M.

ARSENIC:......0.50

CADMIUM:.......0.05

LEAD:.........1.00

MERCURY:.........0.01

ZINC:........3.00

COPPER:.......1.00

DDT:........0.005

PHOTOXIN:........0.01

HEXACHLORAN GAMMA ISOMER:.....0.005

PATHOGENIC BAC. INCL. SALMONELLA PER 25 GRAM:..........NIL



PROCEDURES

1) Buyer issues ICPO with RWA FROM TOP 25 WORLD BANK

2) Seller issues FCO. Buyer signs, seals and return it to the Seller within 72 hours.

3) Seller issues sale and purchase draft contract. Buyer signs seal and return the contract, Seller revise it signs it and returns it to buyer within 3 days together with a draft copy of the LC for approval.

4) Seller and buyer exchange signed contract hard copies by express courier.

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5) Buyers choose the payment method and issue a pre advice and issue: DLC, SBLC, or prime bank BG (bank guarantee) prime world bank top 10 transferable, divisible, irrevocable, confirmed, valid until end of contract.

6) Seller’s issues a 2% performance bond (contract only), POP (proof of product) and an invitation letter for inspection of SGS or similar through its bank. Upon presentation of shipping documents, BL, etc. the non-operative payment instrument is activated.

7) Delivery starts as per contract terms and conditions.

DOCUMENTS:

Commercial Invoice Bill of Lading

Inspection Certificate by SGS Weight quality and issued by SGS

Certificate of Origin Packing List in Triplicate Phytosanitary Certificate Fumigation certificate

Radiation Free Certificate Insurance Certificate

Note: To continue trading, we are awaiting a ICPO according to this SCO.