Sugar ICUMSA 45

Product: Sugar ICUMSA 45
 
Quantity: 6 MILLION MT
 
Validity of this offer: Until June 2, 2008
 
Specifications: Sugar ICUMSA 45
 
Origin: Brazil
 
Shipment:  CONTRACT
 
 
1) Price: CIF ASWP 
 
2) QUANTITY: 6 MILLION MT
 
3) PAYMENT TERMS: Upon execution of this agreement Buyer shall provide a Irrevocable, Confirmed, Transferable, divisible, Fully Funded, Auto Revolving Standby Letter of Credit. The Letter of Credit to be issued by top 25 rated American or European Bank. OR Irrevocable/Transferable/Divisible/Assignable/UNENCUMBERED/confirmed Documentary Letter of Credit.
 
4.) ORIGIN: Brazil
 
5.) QUALITY/ GUARANTEED SPECIFICATIONS:
 
a) CO MMODITY: SUGAR ICUMSA 45
 
b) STANDARD: SUGAR ICUMSA 45 cane sugar.
 
c) PACKING: new 2 poly woven bags of 50KG net weight
 
d) CROP: 2006 OR LATEST CROP AT SELLER?S CHOICE
 
e) COLOR: SPARKLING WHITE
 
f) SOLUBILITY: 100% FREE FLOWING
 
g) INSPECTION: SGS INSPECTION AT SELLER?S EXPENSE
 
h) POLARIZATION: 99.80% MIN AT 20 DEG.CENT
 
i) ASH CONTENT: 0.04% MAXIMUM
 
j) MOISTURE: 0.04% MAXIMUM
 
k) GRANULATION: FINE /SOLID CRYSTAL PHYSICAL SPECIFICATION -INTERNATIONALLY ACCEPTED STANDARD FOR CANE SUGAR
ICUMSA 45 FREE FROM IMPURITIES, SAND, DUST AND RADIOACTIVITY
 
l) SMELL: TYPICAL FOR SUGAR.
 
6.) OFFER QUANTITY: 6 MILLIONS MT
 
7.) DELIVERY: CIF designation ASWP
 
8.) INSPECTION: SGS Certificate of Analysis on Sugar Purchased at loading port.
 
9.) VALIDITY: Validity of offer until THIS SOFT OFFER IS VALID ONLY 3 BA NK DAYS, after that date this offer is void and automatically expires unless renewed by e-mail. This offer is subject to prior sale in total or in part until committed by transfer of funds for Order.
10.) PROOF OF PRODUCT: Bank to bank upon proof of found
 
11.) METHOD OF MEASUREMENT: Independent inspection for quantity and quality will be performed by a mutually agreed independent inspector, with costs to be shared equally.
 
12.) PERFOMANCE BOND: Within 5 international banking days, seller posts Performance Bond equal 2% of the value 1 month shipment of the product at the contract price and provides the official POP proofof-product Documents bankto- bank to the buyer.
 
13.) PROCEDURES:
 
1. Seller issues offer to buyer
 
2. Buyer issues ICPO with full banking information and a signed copy of these procedure accepting terms and conditions of transaction
 
3. Upon acceptance of ICPO Seller issues draft contract to Buyer
 
4. Buyer signs and returns to Seller
 
5. Seller issues six (6) copies of ContractBuyers signs and returns three
(3) Copies to Seller If electronic signatures are allowed between the
parties, an electronic mail delivery of contract shall be binding.
 
6. Seller and Buyer lodge and register contracts with their respective banks
 
7. Buyer's bank contacts Seller's bank and issues a SWIFT MT799 to
Seller's bank acknowledging the (RWA) readiness of issuing a Revolving,
Irrevocable and Transferable Documentary Letter of Credit (DL/C) for
the purchase of Product, Seller's bank provides POP (Proof of Product)
and Allocation to the Buyer's bank for verification.
 
 
8. SWIFT (MT 799) VERBIAGE:
QUOTE
'BY ORDER OF OUR CLIENT XXXXXXXXXXXXXXXXXX, WE, [BANK NAME] (ADDRESS). CONFIRM WITH FULL BANK RESPONSIBILITY THAT PURSUANT TO THE SALES AND PURCHASE CONTRACT REFERENCED AS ' XXXXXXXXXXXXXXXX XXXXXXXX' EXECUTED BETWEEN XXXXXXXXXXXXXX AND OUR CLIENT, WE WOULD LIKE TO ADVISE THAT WE ARE READY WILLING AND ABLE TO OPEN A AUTO REVOLVING,TRANSFERABLE, DIVISIBLE DOCUMENTARY LETTER OF CREDIT FOR THE PURCHASE OF XXXXXXXXXX METRIC TONS PER MONTH FOR (XX) MONTHS OF (PRODUCT) UPON THE RECEIPT AND VERIFICATION OF POP AS SPECIFIED IN CONTRACT. WE CONFIRM THE SWIFT CONFIRMATION OF THIS INSTRUMENT WILL BECOME EFFECTIVE IMMEDIATELY AFTER RECEIPT AND VERIFICATION OF PROOF OF PRODUCT.'
UNQUOTE
 
9. Within FIVE (5) International Banking days from receipt of DLC, Seller's
Bank shall issue a two percent (2%) Performance Bond (PB) to Buyer's
Bank in favor of the Buyer activating the DLC.
 
10. Contract becomes effective.
 
11. All banking charges including confirmation from the Buyer's bank shall be borne by the buyer and all banking charges incurred by the Seller at
Seller's bank shall be borne by the Seller.
 
12. Should any amendments to the DLC be requested once the same had
been issued, then the Party requesting the charge will be responsible for
the payment of the related costs, unless charges are needed to construct
the instruments in compliance with the Agreement, then the costs shall be
borne by the faulting Party. Buyer's Banking costs are for Buyer's
Account. The Seller's banking costs are for the Seller's account.
 
 
Looking forward to a mutually productive business and a long-term relationship.
 
Sincerely,
Gabriel Fuste

Sugar ICUMSA 45, 6 Million MT to be delivered in one year price is negotiable