1. BUYER ISSUES THE LETTER OF INTENT WITH FULL BANKING COORDINATES AND AUTHORIZATION TO do a SOFT PROBE bank to bank, TO CONFIRM FUNDS for the required contract.
2. SELLER CHECK LOI AUTHENTICITY.
3. IN POSITIVE CASE SELLER ISSUES DRAFT CONTRACT.
4. AFTER SIGNATURES BUYER ISSUES a NON OPERATIVE L/C, with the right to check the refineries and the logistic for the contract before the LC becomes operative.
5. SELLER ISSUEES POP AND 2% PB FOR TO TURN OPERATIVE L/C.
6. AFTER L/C BECOMES OPERATIVE BUYER START WITH LOGISTIC FOR LOADING THE SUGAR.
Procedures:
2: Payment via Swift for each loaded vessel with guarantee in the form of 4 months delivery bank guarantee issued or confirmed by first class top 25 world banks (European or American).
1: FULLY FUNDED DOCUMENTARY LETTER OF CREDIT, Confirmed, Unrestricted, Unconditional, Unencumbered, 100% Divisible, Auto Revolving Transferable, Assignable for the Full Amount of the contract, payable 100% at sight, against presentation of shipping documents, confirmed by First Class Top 25 World Bank (European or American).
Mode of Payment
Commodity: White Cane Sugar ICUMSA
Delivery Time: | 30 to 45 (thirty to forty five) days |
Package: | In new sacks of 50 kg. PP. Polyethylene( PE ) Liner, in slings or on pallets suitable for ocean transportation Seller to provide 2% extra bags. Bags to be labeled in English Language indicating: 1) Net weight, 2)Sugar Cane ICUMSA 45, 3) Country of Origin 4) No producer name |
Supply Ability: | 1200000 Metric Ton per Year |
Minimum Order Quantity: | 12500 Metric Ton |
Port: | CIF AWSP |
Fob Price: | US$0.00-0.000CIF AWSP |
Model Number: | White Cane Sugar Icumsa 45 |
Brand Name: | White Cane Sugar Icumsa 45 |
Place of Origin: | Brazil |
Category: | Sugar |