Sugar

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Description:Special offer for you, the offer is for sugar ICUMSA 45 origin brazil, CIF, aswp, annual contract,
Total quantity on offer is 1. 5 million MT to 3. 5 million MT, payment by ffdlc OR sblc OR ffbg from top 100 prime banks.
Special prices for you for this offer are 220 $per MT, prices for the quantities.
Seller will give 5% performance gurantee as penality clause in the contract, means if he fails to perform than he pays 5% as penality to buyer and to ensure that we are dealing with real buyer, so if the buyer fails to open the financial instrument after signing the contract than buyer also pays 5% penality.
LOI and bcl are requested
Purchase transaction procedures
1. Buyer submits a valid and completed letter of intent (LOI) and bank comfort letter (bcl) or irrevocable corporate purchase order (icpo) .
2. Seller issues the full corporate offer (fco) or / and draft contract (DC) with full banking details.
3. Buyer accepts and agrees the terms and conditions of the fco or / and DC by counter signature & companies stamp and sending it to the seller.
4. Signed fco or / and DC sent via fax or e-mail thet will be deemed as original and valid
5. Hard copies of the contract to be issued by the seller and exchanged with the buyer.
6. Buyer sings / stamps all the copies and return 2 (two) hard copies of the contract to the seller.
7. Seller and buyer will lodge the hard copies of the contract with their respective banks.
8. The buyer bank provides proof of funds (pof) to the sellers bank. Thepof is the operative or non-operative L/ C.
9. Seller will provide the proof of product (POP) bank to bank. The prime banks only supply the POP after L/ C has been established
10. Buyer will present pre-advised L/ C to be approved by seller bank.
11. Seller will issue 2% performance bond (PB) to activate the L/ C.
Delivery and shipment commence as per contract.