Iscumsa 45 Sugar

12. THEREAFTER, THE SHIPMENT WILL/SHALL COMMENCE AS PER CONTRACT

11. DELIVERIES AND PAYMENT ARE MADE PER THE TERMS OF THIS AGREEMENT AND SPA

INTERNATIONAL BANKING DAYS.

10. SELLERS BANK ISSUES THE 2& PERFORMANCE BOND WITHIN FIVE (5)

INTERNATIONAL BANKING DAYS.

9. BUYERS BANK ISSUES THE AGREED PAYMENT INSTRUMENT WITHIN FIVE (5)

DAYS FORM RECEIVING THE FINANCIAL INSTRUMENT.

8. SELLER VERIFICATION THAT THE SELLER WILL OPEN 2% PB WITHIN FIVE (5) WORKING

VERBIAGE OF THE PAYMENT INSTRUMENT.

PREFERRED PAYMENT INSTRUMENT. THE SELLER AND BUYER MUTUALLY AGREE THE

7. THE BUYERS BANK SENDS TO THE SELLERS BANK PRE ADVISE OF THE BUYERS

EACH PARTY.

SIGN THE FINAL CONTRACT AND SENDS THE SIGNED DOCUMENTS BY E-MAIL TO THE

6. BOTH PARTIES AGREE TO A MUTUAL FINAL CONTRACT FORMAT. BOTH PARTIES

5. SELLER SENDS DRAFT CONTRACT TO THE BUYER, THE BUYER REVIEWS AND ACCEPTS

STAGE 2

4. MOVE STRAIGHT TO DRAFT CONTRACT (POP & POF CONDUCTED AFTER STEP 6.)

3. FCO FROM SELLER

FORMAT)

2. ICPO FROM BUYER MUST HAVE SOFT PROBE PERMISSION AND BCL (SEE SAMPLE

1. SOFT CORPORATE OFFER FROM SELLER

Procedures Option B

E-GROUP LTD WITHIN TWO BANKING DAYS (SEE ACCEPTABLE FORMATS)

WITH A RWA/OR BCL/MT799 (POF) ON A BANK TO BANK BASIS ON BEHALF OF ITC

4. THE BUYER INSTRUCTS HIS BANKING ARM TO PROVIDE THE SELLERS BANK OFFICER

COORDINATES TO THE BUYER BANK FOR THE MT799

BANKING DAYS OF ACCEPTANCE OF ICPO AND SENDS SELLERS BANKING

3. THE SELLER PROVIDES (POP) PROOF OF PRODUCT TO BUYERS BANK WITHIN TWO

2. ICPO (IRREVOCABLE CORPORATE PURCHASE ORDER)

ACCEPTED, SIGNED AND RETURNED/FAXED TO SELLER.

1. FCO (FULL CORPORATE OFFER) + SPECIFICATION, ACKNOWLEDGED AND

Procedures Option A

Buyer May choose Either A or B

STAGE 1

PROCEDURE

INSTRUMENT 442

PERFOMANCE BOND : 2% TO BE ISSUED BY SELLER BACKED AGAINST PAYMENT

TERMS : ASSIGNABLE, DIVISIBLE, IRROVOCABLE, CONFIRMED AND REVOLVING SBLC PAYABLE 100% AT SIGHT OF OCEAN BILL OF LADING

INSPECTION : SGS OR CIQ OR CCIC AT SELLERS EXPENSE AT LOADING PORT

DELIVERY : SELLER TO SPECIFY FOR COMPLETION OF TOTAL QUANTITY AND FIRST SHIPMENT FROM THE DATE OF CONFIRMED SBLC IN SELLERS ACOUNT

EACH BAG SHOULD BE CLEARLY MARKED IN ENGLISH BY A WATERPROOF PAINT THAT WILL NOT AFFECT THE QUALITY OF THE GOODS.

PACKING : NEW JUTE/POLYPROPOLYENCE BAGS WITH POLYTHYLENE PACKING PIECE, OF 50KG NET EACH, ON PALLET 1MT EACH;

PAYMENT :FULLY FUNDED, CONFIRMED IRREVOCABLE AND TRANSFERABLE AUTO REVOLVING DLC FROM A TOP50 RATED WORLD BANK.

PRICE :_____USD BASED ON 12 MONTH CONTRACT, CIF

QUANTITY :SHIPMENTS OF UP TO 200,000 MT PER MONTH FOR THREE YEARS ADDITIONAL AMOUNTS AVAILABLE ON REQUEST.

DESTINATION :ASWP

LATEST CROP SUGAR SHOULD BE EXTRACTED FROM SOUND, UNFERMENTED AND UNDECAYED SUGAR CANE SUGAR SHOULD BE CLEAN & FREE FROM ANY FOREIGN MATTER, TASTE OR ODOUR AND HAVE THE SWEET TASTE CHARACTERISTIC OF WHITE SUGAR WHETHER DRY OR IN SOLUTION.

CROP :2007 CURRENT AVAILABLE

ORIGIN :BRAZIL

PRODUCT AND GRADE :

0033 6 21 71 40 39

PLEASE FORWARD ALL INQUIRIES TO for attention of George Barlow

PLEASE REFER TO THE UNDERNOTED SAMPLE LOI

WHITE REFINED SUGAR ISCUMSA 45-QUANTITY UP TO 200, 000 m / t MONTHLY AVAILABLE