Date: June, 5 2024
As a representative of the seller, we are pleased to offer the products listed below.
Refined Cane Sugar ICUMSA 45
Origin: Brazil
Packaging: In 50 kg net weight bags.
Inspection: SGS at the port of loading.
Performance Bond: 2% (for contract only).
Insurance: 110%.
Prices: CIF worldwide.
Payments:
Spot: Irrevocable wire transfer, confirmed 100% at sight by a top-tier bank for the total amount.
Annual Contracts: With ARDLC (Auto Revolving Documentary Letter of Credit): Irrevocable, transferable, divisible, and confirmed with automatic renewal. Letter of credit increasing from a top-tier bank corresponding to the monthly shipment, renewal for the number of months specified in the contract, payable at sight by the seller’s bank plus the performance guarantee in the form of an irrevocable, transferable, divisible, assignable, and confirmed standby letter of credit (SBLC) corresponding to two months of the contract with a maturity of 13 months.
Procedure:
- The buyer issues a letter of intent.
- The seller’s representative issues a soft corporate offer.
- The buyer signs and seals the offer, then issues an irrevocable purchase order and includes a Know Your Customer (KYC) form and BCL proof of funds.
- The seller issues a full corporate offer and sends a non-disclosure agreement.
- The buyer signs, seals, and returns the full corporate offer and the non-disclosure agreement.
- The seller issues a draft contract.
- The buyer signs, seals, and returns the contract.
- The seller signs the contract and returns it to the buyer.
- Within the next three banking days, the buyer issues and sends a non-operative financial instrument for the total value of the shipment to the seller’s bank.
- Within the following five banking days, the seller sends proof of product (POP) + 2 % PB via SWIFT bank-to-bank and activates the payment instruments.
- The financial instrument becomes operative.
- Shipments begin.
| 12.500 | 12 Months Contract | – | 455.00$ |
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