SUGAR

7 - Sellers Bank issue performance bond. This will activate the non operative Financial Instrument.

6 - Buyers Bank chooses the payment method and issue as Pre Advice.

Note:  at this point of time if buyer chooses, he may request sending in a MT799 that states buyer RWA to show funds for a return of proof of product from Seller, this will take 7-10 days.

5-buyer and seller sign final contract that could be determined legal electronically and if hard copies and proforma invoice is needed to hasten the transaction it can be arranged.

4 - Buyer review and return contract by Email and may make minor adjustments at this time buyer must present a draft copy of the LC that will be issued for approval.

3 Seller's mandate to prepare sale and purchase draft contract.(BCL necessary)

2 - Buyer to approve FCO with return to seller's mandate with a bcl (never a soft probe)

1 Seller's mandate to prepare FCO on behalf of the seller.

PROCEDURES:

LOI SENDS WITH THE COMPLETE, MINIMAL REQUIREMENT 12.500 MT x12 MONTHS. NOT SPOT, SPECIFICATIONS.