12 month CIF Production Contract For IC-45 Sugar from Brazil:
Undated: 3-22-24
Finance mechanism:
Transferable sblc only
MOQ: 12.5k MT per monthÃ?Â
PRICES:
$400 for 12.5k MT
$395 for 25k MT
$390 for 50k MT
$385 for 100k MT
***Prices include $5 buyside commission.
*** Spot buy add $30 per mt
Destination Locations: CIF ASWP
12 Month CIF Production SOP:
1. Buyer submits loi and then seller shall send buyer the draft sales and purchase agreement (spa).
2. Buyer shall duly sign each page and company seal the sales and purchase agreement and return to seller.
3. Seller shall duly sign each page and company seal the sales and purchase agreement and return to buyer.
4. The electronic version of sales and purchase agreement when signed by buyer and seller is operable.
5. Upon signature of spa, buyer will instruct his bank to issue an irrevocable transferable revolving divisible standby letter of credit with payment for each shipment by mt103 against shipping documents. same procedures will apply to the contract month by month.
6. The buyer reserves the right to witness the loading of the vessel at the loading port at the buyers sole expense.Ã?Â
7. Upon receiving shipping documents buyer will instruct his bank to credit seller's bank for the full amount of the shipment or send the complete payment by mt 103 or equivalent for the amount of shipment once shipping documents are presented to the buyer's bank by the seller's bank and the buyer after issuance of all shipping documents at loading port.
8. Following months will be the same process.
Notes:Ã?Â
1) Seller will not sent POP until we receive the paying instrument
2) Payment is made at port of loading after SGS and inspection is completed.
3) I'm a direct sales rep for my
seller out of Brazil. They are currently deliveringÃ? sugar around the world and have over 20+ years of success in sugar sales.Ã?Â
4) To engage with my sugar seller, buyer must submit an Loi.
