Brazilian Sugar

Product: Brazilian sugar.Specification:Icumsa 45 rbuPolarization 99.8% minMoisture 0.04% maxSulphated as content 0.04% maxGranulation fineSolubility 100% dry & free flowingRadiation normal w/o presence of cesium or iodineColour sparkling whiteSediments noneSmell free of any smellOrigin: Brazil.Packing: Packed in 50 kg. New 2 ply woven bags, polypropylene outside and polyethylene, inside each bag's net weight to 180 gram (min). Full bag has net of 50.2 kilos pr bag.2% of empty bags will be provided free of charge with every shipment.Quantity:1,000,000 mt +/- 5%Price: $195 mt c&fPayment option a: A: Unencumbered, unconditional bank guarantee or standby letter of credit covering the full amount of the contract value.Payment option b:1. Buyer issues either an unencumbered, unconditional prime bank guarantee or standby letter of credit. The bg or sblc will be valid for 13 months and will fully cover not less than the average monthly shipment of 100,000mt. Value of the financial instrument therefore to be not less than $19,500,000.2. The bg or sblc will be held in place and will act as security for the total amount/shipments of the contract. The bg or sblc will be used to pay for the final month's shipments. Payment for each shipment up to the final month's shipments will be by swift (cash) against the actual shipping documents for each shipment.Pbg: Performance of 2 % from the face value of letter of credit after we receive acceptable of l/cInspection: Independent surveyor sgs or equivalent will be appointed, as mutually agreed.Procedures:1. After receiving full loi from the buyer, seller issues fco & then the draft contract after the fco is signed by both parties.2. Buyer signs and seals draft contract(s). At the same time, buyer should submit a copy of the proposed bank guarantee or if appropriate, letter of credit to seller for review and approval. It should be noted that seller will not issue hard copies of the contract until the text of the proposed financial instrument has been reviewed and approved.3. Seller reviews proposed financial instrument text and notifies buyer4. Seller issues four (4) hard copies of the contract to be signed and exchanged by facsimile or by email.5. Buyer issues financial instrument in sellers favor6. Seller issues proof of product to the buyer7. Seller issues 2% pb, in the form of either a standard performance bond or a standby letter of credit. This can take from 7 to 10 working days.8. First shipment commences within 35-45 days after opening the buyer's financial instrument. Any additional shipments to take place at regular intervals as per contract schedule.If you accept the above procedures please send their loi and bcl and so that we can have our supplier issue the fco.