ICUMSA 45 Sugar

  ICUMSA 45 SPECIFICATION
Max. ICUMSA: 45 RBU max. - Brazil S.G.S. Scale
Polarization: 99.80 Degrees Min.
Ash Content: 0.08
Solubility: 100% dry and free flowing
Color: Sparkling White
Radiation: Within internationally accepted limits
Granulation: Fine crystal
Moisture: 0.8% Max.
Magnetic Particles: 4 Mg/k
SO2: 70 Mg/k
Ash by Electrical Conductivity: 0.04% Max. on dry weigh basis
Sulphur Dioxide: 20 mg/kg Min.
Sediments: None
Smell: Frell of any smell
Reducing Sugar: 0.05% Max. by weight
HPN Staph Aureus: Nil
Max. As: 1 P.P.M.
Max. Ps: 2 P.P.M.
Max. Cu: 3 P.P.M.
Substance: Solid Crystal

PRICE
Quantity / price per MT
12,500 mT SPOT USD 395
25,000 mt SPOT USD 390
50,000 mT SPOT USD 385
37,500 mT contract USD 370
50,000 mT contract USD 365
75,000 mT contract USD 360
100,000 mT contract USD 355
150,000 mT contract USD 350
300,000 mT contract USD 340
600,000 mT contract USD 320
*Prices are soft, and may be negotiated after LOI
*Prices reflect CIF ASWP delivery, and may vary based on market fluctuations and specific destinations.
*Payment by ARTDLC or SBLC/MT103 only.
*Overpricing within moderate limits is possible, with 50% going directly back to the seller (not seller's agents)

PACKING
To secure the safety of the commodity during sea transportation, the SUGAR is to be packed in new 50 kilogram net double sacks, being one sack of polypropylense and othe other of polyethylene and palletized. Tare weight shall be 160 gramm, minimum. Uniformity of bagged net weight is of the essence. Two percent spare bags shall be supplied free of charge.

GENERAL PROCEDURES
1) Buyer provides Letter of Intent to seller
2) Seller provides non-binding Soft Offer to buyer
3) Buyer provides ICPO with banking soft probe to seller
4) Seller provides Full Corporate Offer (FCO) to buyer.
5) Buyer signs FCO and returns to seller with BCL or bank statement within 48 hours.
6) Seller issues draft contract with full banking. Draft contract shall be signed by both parties and sent via fax or electronic message that will be deemed as original and valid.
7) Hard copies are exchanged and lodged with their respective banks
8) Buyer initiates banking procedures with his Bank, and sends SWIFT and HARD COPY of MT760 or SBLC to the seller's bank (bank to bank).
9) Sellers bank sends Proof of product (POP) to buyers bank.
10) Buyer's bank opens an ARDLC irrevocable, divisible, transferable, without restrictions, unencumbered, unconditional, irreversible, negotiable payable against shipment documents when the product is embarked in the Brazilian loading port.
11) Sellers posts 2% PB for the LC value to make LC operative.
12) Delivery and shipment commences as per contract.

REFINED WHITE CANE SUGAR ICUMSA 45