ICUMSA 45 Sugar

                        

ONLY SERIOUS BUYERS PLEASE!

AFTER RECEIVING BUYERS NON-OPERATIVE FINANCIAL INSTRUMENTS AS REQUIRED WITHIN THE CONTRACT THE SELLER WILL PROVIDE THE BUYER WITH A PERFORMANCE BOND WRITTEN IN AN AMOUNT EQUAL TO TWO PERCENT (2%) OF THE REPLACEMENT VALUE OF THE AVERAGE MONTHLY SHIPMENT. THE PERFORMANCE BOND SHALL BE ISSUED IN THE FORM OF A STAND BY LETTER OF CREDIT IN FAVOUR OF THE BUYER AND WILL BE IRREVOCABLE AND VALID TROUGHOUT THE DURATION OF THIS AGREEMENT PLUS 30 (THIRTY) DAYS.

SELLERS PERFORMANCE BOND:

THE FINANCIAL INSTRUMENTS ARE SUBJECT TO THE 2007 REVISION OF UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS, UCP 600, (ICC PUBLICATION NO. 600)

2.) EITHER A BANK GUARANTEE OF 2 TO 3 MONTHS OR AN UNCONDITIONAL, UNENCUMBERED CASHED BACKED STANDBY LETTER OF CREDIT (SBLC) ISSUED OR CONFIRMED BY A TOP 25 WORLD BANK OR A BANK ACCEPTABLE TO THE SELLER. DRAWN AGAINST BY THE SELLER IN THE EVENT OF THE BUYER BEING IN BREACH OF CONTRACT.  TO BE RETURNED AFTER THE LAST VESSEL UNDER THE CONTRACT IS SHIPPED AND PAID FOR.

THE FOLLOWING FINANCIAL INSTRUMENT WILL ACCOMPANY THE DLC OR MT103/23 TO SECURE THE QUANTITY FOR THE QUOTED PRICE AND AS A GUARANTEE TO THE BUYERS FULFILLMENT OF THE WHOLE CONTRACT:

THIS FINANCIAL INSTRUMENT IS TO BE LODGED WITH THE SELLERS BANK AND WILL REMAIN WITH SELLERS BANK, PAYABLE 100% AT SIGHT, BY FIRST PRESENTATION AT THE COUNTER OF SELLERS BANK OF ALL REQUIRED SHIPPING DOCUMENTS FOR EACH VESSEL.

1.) AN IRREVOCABLE, TRANSFERABLE, DIVISIBLE, CUMULATIVE DOCUMENTARY LETTER OF CREDIT (DLC), ISSUED AND CONFIRMED BY A TOP 25 WORLD BANK OR A BANK ACCEPTABLE TO THE SELLER, FOR AN AMOUNT CORRESPONDING TO THE VALUE OF ONE (1) MONTHS SHIPMENTS, REVOLVING MONTHLY UNTIL THE TOTAL QUANTITY OF SUGAR CONTRACTED FOR IS SHIPPED. ALTERNATIVE PAYMENT METHOD BY MT103/23.

THROUGH A FINANCIAL INSTRUMENT SATISFACTORY TO THE SELLERS BANK AND BE IN THE FORM OF:

PAYMENT TERMS AND CONDITIONS:

 

THE BUYER OR HIS REPRESENTATIVE MAY INSPECT THE GOODS AND WITNESS THE CARGO AT THE LOADING PORT AT HIS OWN COST AND SHOULDN`T HAVE ANY AUTHORIZATION IN NEGOTIATION OF THE SAID DOCUMENTS.                

THE QUALITY OF THE GOODS SHOULD BE CONFIRMED ON A CERTIFICATE ISSUED AT THE PLACE OF LOADING BY THE INDEPENDENT INTERNATIONAL SURVEY COMPANY SGS ( SOCIETE GENERAL DE SURVEILLANCE) .THE CERTIFICATE SHOULD BE CONFIRMED THE QUALITY AND SPECIFICATIONS OF GOOD IS AS MENTION IN THIS CONTRACT HERETO.

THE QUANTITY OF THE GOODS SHOULD BE CONFIRMED ON A CERTIFICATE ISSUED AT THE PLACE OF LOADING BY THE INDEPENDENT INTERNATIONAL SURVEY COMPANY SGS (SOCIETE -GENERAL DE SURVEILLANCE), THE CERTIFICATE SHOULD BE CONFIRMED THE QUANTITY OF GOOD IS AS BOTH PARTIES CONTRACTED IN THIS CONTRACT HERETO.

INSPECTIONS:

 

DELIVERY TO COMMENCE WITHIN 30 TO 45 DAYS OF ACTIVATION OF BUYERS FINANCIAL INSTRUMENT(S) AND FURTHER SUBJECT TO SHIPPING AVAILABILITY AND INFRASTRUCTURAL CONDITIONS AT THE BUYERS DESIGNATED PORT(S) OF DISCHARGE. AVERAGE MONTHLY SHIPMENTS OF 100 THOUSAND (100,000) METRIC TONS MONTHLY IN MINIMUM TWELVE THOUSAND FIVE HUNDRED (12,500) METRIC TON VESSELS WILL CONTINUE THROUGH TWELVE (12) CONSECUTIVE MONTHS OR UNTIL THE FULL QUANTITY IS SHIPPED.

CONTRACT PERIOD & DELIVERY SCHEDULE:

50 KG PP NET WEIGHT IN NEW POLYLINED ETHYLENE AND POLYPROPYLENE BAGS, OR INTERNATIONALLY ACCEPTABLE EQUIVLENT.

PACKAGING:

 

IMPURITIES, SAND, DUST AND RADIOACTIVITY.

FOR GRADE A WHITE CANE SUGAR, FREE FROM

INTERNATIONALLY ACCEPTED STANDARD

PHYSICAL SPECIFICATION:

1.14

MEDIUM TO FINE CRYSTAL

:

GRANULATION

1.13

0.04% MAXIMUM

:

MOISTURE

1.12

0.04% MAXIMUM

:

ASH CONTENT

1.11

IODINE

NORMAL, WITHOUT PRESENCE OF CESIUM OR

:

RADIATION

1.10

99.80%

:

POLARIZATION

1.9

SGS SELLER`S EXPENSE

:

INSPECTION

1.8

100% DRY&FREE FLOWING

:

SOLUBILITY

1.7

SPARKLING WHITE CANE SUGAR

:

COLOR

1.6

LATEST CROP

:

CROP

1.5

50KG BAGS

:

PACKING

1.4

BRAZIL

:

ORIGIN

1.3

ICUMSA 45

:

STANDARD

1.2

ICUMSA 45

:

COMMODITY

1.1

SPECIFICATIONS:

 

GRADE A WHITE CANE SUGAR, SPARKLING WHITE, ICUMSA 45