Sugar

Valid untill 25/08/06PACKING PRODUCT: 50 Kg QUANTITY: 12,500 MT (+/-5%) PAYMENT INSTRUMENT: By Irrevocable, Transferable, Divisible, Confirmed, Letter of Credit, Issued or Confirmed by a "PRIME WORLD BANK - TOP 50" , payable 100% at sight against shipping documents.DESTINATION: CIF - ASWPPrice: $427.00/MT CIFThe average discharge rate shall be 1,200 MT minimum, per weather working day of twenty-four (24) hours for vessel : 12500 MTDelivery : we need 10 to 15 days maxi in LOADING + 21 days in Sea = 36 days ( 31 to 36 days ) receipt and acceptance of the operative payment instrument by the Seller's Bank.PROCEDURES: After the LOI + BCL from Buyer:1) Seller issues FCO to be signed and returned by the Buyer.2) Upon receiving signed FCO, Seller forwards the Draft Contract for buyer review and approval.3) Seller and Buyer exchange sign and seal hard copies of the contract in (4) originals. Originals must be signed and have the same value as if it was validated by a public notary.4) Buyer and Seller each keep two (2) originals.5) Buyer issues Pre Advise of Letter of Credit.6) Seller issues a Non Operative Performance Bond of 2% 7) Buyer sends the Letter of Credit to activate the PB