Sugar

9) Shipment Starts.

8) SBLC/FFDLC/BG becomes operative.

Bank and Activate the Payment Instrument.

(POP) + PB 2% via Swift Bank to Bank methods to the Buyers

7) Within 5(Five) banking days, Sellers Bank sends Proof of Products

SBLC /FFDLC/BG for total shipment value to the sellers Bank

6) Within 3 (three) banking days, Buyer Bank sends a Non- operative

and return to the Buyer

5) Buyer sign, seal and return the Contract, seller sign the Contract

4) Seller issues Draft Contract

3) Buyer sign seal and return the FCO

2) Seller issues FCO

1) Buyer issues a LOI + RWA/BCL + NCND

PROCEDURES

3.600.000 280,00 300.000 X 12 MONTHSFFRDLC

2.400.000 290,00 200.000 X 12 MONTHSFFRDLC

1.200,000 300,00 100.000 X 12 MONTHSFFRDLC

900,000 310,00 75.000 X 12 MONTHS FFRDLC

600,000 320,00 50.000 X 12 MONTHS FFRDLC

300,000 340,00 25.000 X 12 MONTHS FFRDLC

150,000 350,00 12.500 X 12 MONTHS FFRDLC

100,000 365,00 SPOT SBLC/BG/ DLC

50,000 385,00 SPOT SBLC/BG/ DLC

25,000 395,00 SPOT SBLC/BG/ DLC

12,500 405,00 SPOT SBLC/BG/ DLC

SOFT OFFER. REFINED CANE SUGAR ICUMSA 45. ORIGIN BRAZIL. SEPTEMBER 2009. QUANTITY MT. CIF ASWP USD/MT. DELIVERY PAYMENT