ALBAYRAK GROUP COMPANY sugar

S.G.S Inspection for Quality and Quantity Service at Sellers Cost shall inspect the Commodity at Place of Loading.

............

Each of the parties to this contract represents that it has full legal authority to execute this contract and that each party us to be bound by the terms and conditions contained in the contract. This contract represents the entire agreement between the parties and this contract is irrevocable and nonnegotiable. In case of any unfulfilled of any clause in this contract by one of the parties, there will be 3% (three percent) as a penalty. Any change will be made in writing, executed by both parties.

(i)        Delivery and shipment commence as per Clause 05 of this contract.

(h)      The buyer provides details for port of discharge.

(g)      Against POP (Proof of Product) and PB (Performance Bond) the Buyer activates the L/C.

(f)       The Seller provides POP.

(e)      Within 5 banking days after receipt of confirmed letter of credit, the seller provides a 2% Performance Bond for the contract value.

(d)     Within 5 banking days of signing the contract, the buyer provides the pre-advised unconditional non-activated Letter of Credit to the sellers bank, and also sends electronically a copy to the sellers office.

(c)      The buyer signs contract and returns to seller via fax . This facsimile copy will be considered the original.

(b)     Seller issues final signed and sealed contract draft to buyer.

(a)      The seller issues contract text to the buyer and both parties resolve issues by friendly communication.

CLAUSE : Procedures:

(i)        Packing List.

(h)      Radioactive certificate.

(g)       Certificate stating age of vessel (not more than 20 years of age).

(f)       SGS (or any other international recognized Inspection Agency) Certificate for quality and quantity issued at port of loading.

(e)       

(d)      Phytosanitary Certificate

(c)      4 copies (one signed original and three signed copies) of the Certificate of Origin issued by the Chamber of Commerce from the country of dispatch, confirming that the goods have been shipped.

(b)     3/3 Bill of Lading Clean on Board marked Freight Prepaid, indicating the Letter of Credit number and date.

(a)      4 copies (1 original and 3 copies) of Commercial Invoices in the name of the buyer.

CLAUSE  Payment Instrument1- An Irrevocable payable 100% at-sight (AGAINST PRESENTATION OF SHIPPING DOCUMENTS), divisible, unconditional, confirmed, transferable, auto revolving, documentary letter of credit by buyers bank directly to sellers bank. Letter Of Credit for the amount equivalent of one months delivery, auto-revolving till reaching the total amount of the contract. The Buyers Bank must send the Auto Revolving Letter of Credit to its Corresponding Bank in ----------------, with ADVICE to sellers by email ( ) then, seller will indicate the bank that will receive the Revolving Letter of Credit from the buyers bank. Or F.F. L.C.

Packing    :       50kg bags with poly-lined jute bags or polypropylene bags.

20mg/kg

SO2

Fine

Granulation

0,04% max

Ash

0,04% max.

Moisture

99,80% min.

Polarization

100% free flowing

Solubility

45 RBU

COMMODITY:
REFINED CANE SUGAR ICUMSA-45.
SPECIFICATIONS:
ICUMSA: 45 RBU
Solubility: 100% Free Flowing