11.Shipment commences in a accordance with the agreed schedule.
10.Seller issues the P.O.P bank to bank.
9. Buyer issues the operative swift Mt 103/23 to seller's bank with in 1 banking day.
8. Seller checks the Pre - advice swift Mt 103/23 and confirms to buyer within 1 working day.
7. Buyer issues the pre-advice swift Mt 103/23 to seller's bank within 2 working days
6. Buyer returns 3 signed copies by courier(DHL or equivalent)
5. Seller prepares 5 original copies by courier (DHL or equivalent ) to buyer.
4. Seller/buyer approve the final draft and sign the electronic version.
3. Seller sends draft contract for negotiation.
2. Buyer signs and seals FCO to show his approval.
1. Seller.sends FCO to buyer after having received his LOI.
Transaction Procedures:
buyer shall open an MT 103 /23 confirmed by prime bank for an amount in U.S dollars sufficiant to cover one hundred (100%) CIF included, at sight against documents loading port of the shipment.
Payment Terms:
. Performance Bond: 2% Of Each Shipment
. Inspection: SGS Or Equivalent Organisation of Surveillance
. Schedule 1st Shipment: 30-35 Days After Acceptance Of Payment Instrument By The Seller (Buyer's)
. Crop:2008 - 2009 or current acceptable to the Buyer
. Shipping Terms: CIF ASWP
. Country Of Origin: Brazil
. Packing: 50Kg Polypropylene Bags approved by SGS for Ocean Transport
. Substance: Solid Crystal
. Max CU: 3PPM
. Max PS: 2PPM
. Max AS: 1PPM
. HPN: Staph Aureus NIL
. Reducing Sugar: 0.05% Max. by weight
. Smell: FREE OF ANY SMELL
. Sediment: none
. Sulpur Dioxide: 20mg/kg min.
. Ash by Electrical Conductivity: 0.04% Max. (On dry weight basis)
. SO2: 70Mk/Kg
. Magnetic Particles: 4Mg/Kg
. Radiation: Within International Acceptance Limits
. Color: Sparkling White
. Icumsa: Max. 45 RBU
. Granulation: Fine Crystal
. Solubility: 100% Dry & Free Flowing
. Moisture: Max. 0.04%
. Ash: Max 0.04%
. Sugar Polarity: At 20 degrees Min 99.80%
Specifications:
We, Global Merchandise Worldwide, LLC with full corporate and legal responsilibity, declare that we are ready willing and able to supply and sell White Refined Cane Sugar ICUMSA 45 R.B.U to your company, which is subject to mutually agreed commercial covenants and acceptance of final contract under the following conditions and specifications:
Icumsa 45 Spot, price:$370mt,quantity:12,500mt,shipments:,12,500mt x 1shipment
,deal valid for 5 working days.
Payment Terms: | L/C |
Place of Origin: | Brazil |
Packaging: | Bag |
Color: | White |
Form: | Solid |
Type: | Cane Sugar |
Category: | Sugar |
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