- via JVA - $605 ICPO price + $40 ($20+$5+$5+$5+$5) - $2,5 open to by side intermediaries
or
- via NCNDA / IMFPA $605 ICPO price + $10 ($6+$1+$1+$1+$1) - $1 open to all buy side intermediaries including me (Rob), markup is possible if the buyer accepts it
Min. 100,000 mt Ã?? 12 (up to 300,000 mt possible)
Initial Verification Steps:
-Buyer submits LOI and CIS only
-Zoom call between buyer and sellerâ??s mandate
-Signing fee protection agreement, after that JVA or NCNDA/IMFPA depending which option the buyer chooses
-ICPO + CIS + BCL + Licenses + Vopak QR code
-CI from the Supplier and so on according to the detailed procedure below
After that Buyers and Seller's Vopak managers will handle (it's in the detailed procedure).
Sugar icumsa 45
Article1. Commodity, quality, quantity, price and packing
Specification, international inspection authority at loading port shall confirm products with the following ;
Commodity refined white cane sugar
Originbrazil, south america.
Qualityicumsa 45 rbu max
Polarization 99.80% min. At 20 degree c.
Moisture0.04% max
Ash content0.04% max
Solubility100% dry&free flowing
Granulationfine
Colourcrystal white
So220 ppm
Radiation normal without presence of cesium or iodine
Sedimentsnone
Smellfree from any unusual or abnormal smell
Crop:2003/2004 or current available
Qyantity sblc ffdlc
12, 500 178198
25, 000 173193
50, 000 168188
100, 000 158178
200, 000 143168
400, 000 141164
500, 000 139161
700, 000 131158
1, 000, 000 130138
2, 000, 000 129136
4, 000, 000 127133
6, 000, 000 124131
8, 000, 000 122128
10, 000, 000 120126
Sblc for whole contract value
Ffdlc for whole contract value
All price is on cif aswp without commission
Procedure non-negotiable
1a letter of intent (loi) of purchase with target price fob or cif
On the company letterhead
2a certificate of financial capacity (bank comfort letter - bcl)
In return we will forward to you
3a full corporate offer (fco) signed between the two parts
With notice of letter of credit
4draft contract*
5hard contract signed between the two parts *
6 opening of the non-operative lc. *
7installation of the performance bond 2% maximum, simultaneously
Lc becomes operational that is passed from bank to bank
8documents pop & pof set up themselves of bank at bank
*the buyer signs the draft, turns over it with a notice of opening of the lc. After that, the seller returns the signed draft, thus the draft to him becomes the official contract.
The seller deposits the 2% of performance bond, and after the buyer opens the lc.
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