Sugar

Quantity: ANY direct from Mill
Price:  $360/MT CIF ASWP
Origin:  Brazil

Payment: MT799 followed by MT103 and it can be conditional
a) Buyer issues LOI.
b) Seller issues proforma / FCO.
c) Buyer signs and returns proforma / FCO.
d) Seller and buyer sign NCND.
e) Seller and buyer sign contract.
f) Buyer's bank issues to Seller's bank the proof of funds.
g) Seller's bank issues to Buyer's bank the proof of product (POP).
h) Buyer and Seller execute the contract.
i) Seller's bank notifies the Buyer's bank that they are ready to issuenon-operative PB to the Buyer's bank. The PB will be placed in buyer's bankaccount. Should the seller fail to deliver the cargo, this PB will be paid tothe buyer and intermediaries accordingly, as compensation.
j) Seller's bank issues non-operative PB to the Buyer's bank.
k) Buyer's bank opens LC.
l) Shipment commences according to contract.

ICUMSA 45