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ICUMSA 45 OFFER Brazil

Item number: 41434

187,500 MT ICUMSA 45 SUGAR

Ready to load immediately Brazil Origin

Price take all: 270$ MT CIF



Procedure:



a. BUYER ISSUES LOI WITH POF.

b. SELLER issues FCO. BUYER signs, seals and returns to the SELLER within 48 hours accompanied by ICPO, CIS/KYC;

c. Upon verification and validation of BUYER and BUYER’S Bank, SELLER issues sale and purchase draft contract (SPA). Within 48 hours BUYER signs, seals, and returns the contract. SELLER reviews it, signs it, and returns it to the BUYER along with Pro Forma invoice.

d. SELLER and BUYER exchange digitally signed SPAs.

e. Each party sends copy of SPA to its respective bank.

f. Within 72 hours, SELLER issues to BUYER their Proforma Invoice.

g. Upon receipt of Proforma Invoice, Within 3 days BUYER will issue the “Banking Instrument/Escrow” to SELLER nominated bank.

h. SELLER’s bank shall then issue 2% Performance Bond in favor of BUYER.

i. Seller commences production of order to be completed within the specified time

j. Product production shall commence and shall be delivered at the port for vessel loading and certifications by SGS.

k. SELLER’s bank shall send the payment documents to the BUYER’s bank.

l. At receipt of Sight of Payment documents, BUYER’s bank shall send FULL payment of the first delivery by MT760/MT103 to SELLER’s bank.

m. For all remaining deliveries, upon loading and receipt of original shipping documents scheduled payments are due. Shipping is then released to destination port.



FINANCIAL INSTRUMENTS AS PER UCP 600 CODE: AND ANY REVISIONS AS SET BY THE INTERNATIONAL CHAMBER OF COMMERCE (ICC). ANY DEVIATION FROM THE ABOVE PAYMENT TERMS IS SUBJECT TO ACCEPTANCE BY THE SELLER. THE BUYER CAN CLAIM NO RESPONSIBILITY IN THE EVENT THAT ACCEPTANCE OF THE FINANCIAL INSTRUMENT IS REFUSED.



*given that these are for special offers that are ready to be shipped there is little time for a banking instrument. We will therefore prioritize the fasted payment procedure. (i.e: deposit, escrow, etc.)

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