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1 - White Refined Cane Sugar:
- Polarization: minimum 99,80;
- Ashes: maximum 0.04%;
- Moisture: maximum 0.04%;
- Colour: maximum 45 ICUMSA.
Note: a better grade can be supplied, under request.
Payment: Irrevocable, Transferable, Fully Funded Documentary Letter of Credit Automatic Revolving, Issued or Confirmed by an Acceptable Major Bank, Payable 100 % at Sight of Documents, Shipment per Shipment.
Documents: Bill(s) of Lading marked Freight Pre-Paid – Commercial Invoice – Certificate of Origin - Certificate of Ownership – Phytosanitary and Health Certificate – Certificate of Radiation – Certificate of Fumigation – SGS Inspection Report re; Quality and Quantity – Packing List – Tally of Count from Stevedoring Company.
Performance Bond: 2% by Seller’s Bank
Shipping: Within 30/45 days after receipt and acceptance of L/C.
Discharge: All costs at Port of Discharge for Account of the Buyer.
Inspection: Quality, Quantity, Weight and Phytosanitary by S.G.S. or equivalent at Seller’s cost at Port of Loading.
Loading: All costs at Port of Loading for the account of the Seller.
| Specifications︰ |
REFINED WHITE CANE SUGAR ICUMSA 45
Available Amount: Any Amount
Prices CIF:
12.500 M/T. USD$ 215 M/T(Minimum Amount)
25.000 M/T. USD$ 215 M/T
50.000 M/T. USD$ 215 M/T
100.000 M/T. USD$ 215 M/T
Payment: Irrevocable, Transferable, Fully Funded Documentary Letter of Credit Automatic Revolving, Issued or Confirmed by an Acceptable Major Bank, Payable 100 % at Sight of Documents, Shipment per Shipment.
Documents: Bill(s) of Lading marked Freight Pre-Paid;Commercial Invoice;Certificate of Origin - Certificate of Ownership; Phytosanitary and Health Certificate; Certificate of Radiation;Certificate of Fumigation; SGS Inspection Report; Quality and Quantity;Packing List; Tally of Count from Stevedoring Company.
Performance Bond: 2% by Sellers Bank
Shipping: Within 30/45 days after receipt and acceptance of L/C.
Discharge: All costs at Port of Discharge for Account of the Buyer.
Inspection: Quality, Quantity, Weight and Phytosanitary by S.G.S. or equivalent at Sellers cost at Port of Loading.
Loading: All costs at Port of Loading for the account of the Seller.
Crop: 2006/2007 |
| Advantages︰ |
Procedures:
1. Seller (and/or Seller¡¦s Agent) issues ICPO;
2. Buyer accepts and Signs ICPO, including his Bank information as well as BCL/POF by Buyer¡¦s Bank and forwards to Seller;
3. Seller countersigns ICPO, including his Bank Information and copies thereof are forwarded to Buyer and if required to Seller¡¦s Bank and Buyer¡¦s Bank;
4. Seller issues Contract for Buyer¡¦s signature and Buyer returns signed Contract to Seller. Hard copies hereof to be exchanged by courier as specified in Contract;
5. Buyer¡¦s Bank confirms POF, the availability of LC, the format/verbiage thereof and their readiness to issue said LC, to Sellera Bank within 3 banking days of receiving copy of signed Contract;
6. Seller confirms POP per Annexure ¡§C¡¨ of Contract, Seller¡¦s Bank confirms availability of PB, the format/verbiage thereof and their readiness to issue said PB, to Buyer¡¦s Bank within 3 banking days of receipt of POF and LC confirmation from Buyer¡¦s Bank;
7. Buyer¡¦s Bank and Seller¡¦s Bank approves the validity and legitimacy as well as the format/verbiage a Buyer¡¦s LC and Seller¡¦s PB;
8. Buyer¡¦s Bank issues non-operative Letter of Credit; in return Seller¡¦s Bank issues operative Performance Bond;
9. The Operative Performance Bond activates the Letter of Credit;
10. Shipment commences as per contract. |
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