Sugar Brazil

WHITE CANE SUGAR ICUMSA 45-Specifications: ICUMSA 45 RBUPolarization 99. 80 per cent Min. Ash Content 0. 04 per cent Max. Moisture0. 04 per cent Max. Solubility100 per cent dry and free flowingRadiationNormal-certifiedColor Sparkling White Granulation FIineCrop2005 / 2006PRODUCT PACKAGING150, 000 MT->12 X 12, 500 MT150, 000 MT-> 6 X 25, 000 MTMetric tons to be packed in 50kg polypropylene bagsDESTINATION ASWP (NOT CONSIDERED China, Australia and Japan) TARGET PRICEUS DOLLAR 325 CIF ASWPPRODUCT DELIVERYThe basis of delivery shall be 12, 500 MT metric tons or 25, 000 MT / month plus or minus 5 per cent, weight tolerance plus or minus 5 per cent. At the instruction of the Buyer, delivery commencing 20 / 45 days of receipt an acceptable operative financial instrument from buyer bank. PAYMENT TERMSBy Letter of Credit model Fully Funded Documentary Letter of Credit (FFDLC) , 100 per cent CONFIRMED, Irrevocable, Non-Transferable issued by top World Bank. PERFORMANCE BONDIf any part fails to perform under this contract agrees to pay a Performance Bond equal to 2 per cent (two per cent) of the total value of the contract. PROCEDURES1. Buyer provides LOI + bcl (or soft probe) 2. Seller issues FCO in favour of the Buyer3. Buyer accepts the FCO and send by fax to the seller signed and sealed. 4. Seller provides Draft Contract. 5. Buyer reviews, signs and returns Draft Contract signed and sealed. 6. Seller sends 04 (four) hard copies duly signed and sealed. Buyer duly sign and seals all copies and return back 02 (two) copies to seller. 7. Buyer bank issues POF upon POP from seller Bank8. The buyer bank issues FFDLC non-operative9. The sellers bank posts 2 per cent performance bond10. Delivery and shipment commence as per schedule mutually agreed.