Due to overwhelming demand for our offers, absolute priority will be given to requests that are backed by buyer's LOI+BCL or RWA that are less than 3 days old. No internet-circulated LOI's will be accepted. Thanks for your cooperation! | ADEM'S GROUP work directly with mills and large suppliers. We offer the best prices in the market and can provide you with for Sugar ICUMSA from Brazil. This is of great quality and quantity. A LOI and BCL on the buyers official letterhead is needed in order to receive a quote and further information. (No quotes will be given without a fresh Letter of Intent and soft probe authorization). We deal with only serious genuine legitimate buyers only. For sugar procedures and prices please download (word document). ARTICLE – PAYMENT TERMS 7.1.1 In order to both secure the shipments and to secure the price of USD XXXX per mt for 12 months and to make payment monthly by T/T or MT103/23 or DLC Payment shall be made by the Buyer to the seller or his nominee, at the seller’s or his nominee’s sole discretion, upfront unconditional SBLC for 3 months value by an Irrevocable Transferable, Assignable, Divisible ,Unencumbered, unconditional, Fully Funded stand by letter of credit (SBLC) issued by an A rated Bank, operative for 14 months to the value of 3 months of shipment . This SBLC will be transferred by way of MT760 to the seller’s nominated bank account. The face value of the SBLC will be USD ($ XXXX,00,000.00 XXXX hundred XXXXX million USD. .This SBLC will be left in the sellers’s bank until the end of the 12 months contract. This SBLC may not be used at any time in lieu of regular monthly payments by TT or swift MT 103/23 or DLC during the life of the contract, except as payment for the last 3 monthly shipments of the contract . ARTICLE – PROCEDURE 1) Buyer SEND LOI Seller issues offer to buyer 2) Buyer issues ICPO with full banking information and a signed copy of these procedure accepting terms and conditions of transaction or BCL RWA 3) Upon acceptance of ICPO or BCL RWA Seller issues draft contract to Buyer… 4) Buyer signs and returns to Seller 5) Seller issues six (6) copies of Contract…Buyers signs and returns three (3) copies to Seller If electronic signatures are allowed between the parties, an electronic mail delivery of contract shall be binding. 6) Seller and Buyer lodge and register contracts with their respective banks METHOD OF MEASUREMENT: Independent inspection for quantity and quality will be performed by a mutually agreed independent inspector, with costs to be shared equally. PERFOMANCE BOND: Within 5 international banking days, seller posts Performance Bond equal 2% of the value 1 month shipment of the product at the contract price and provides the official POP proof–of-product Documents bank-to-bank to the buyer DELIVERY: CIF –designation ASWP
INSPECTION: SGS Certificate of Analysis on Sugar Purchased at loading port. ARTICLE – PROCEDURE
8.1 Both Seller and Buyer hereby agree that the following operation and banking procedure shall be implemented to achieve the successful performance of this agreement: 8.1.1 Seller and Buyer shall exchange sealed and signed contract. Seller will provide the draft copy of the SBLC to the Buyer for approval. On this respect both Parties agree that contract, exchanged by fax or by any other electronic document transmission (EDT), when signed by the respective empowered officers, is considered legally enforceable, full binding on both Parties and duly executed on the last transmission date. Seller forwards four (4) hard copies of original final contract signed and stamped to Buyer by DHL or similar courier. The buyer signs and returns 2 hard copies of original final contract signed and stamped to seller by DHL or similar courier. Seller reviews SBLC text and after received the 2 hard copies signed in original. 8.1.2 The Buyer’s Bank issues a Transferable, Assignable, Divisible, Unemcombared ,Unconditional Fully Funded Stand by Letter of Credit (SBLC) issued by an A rated Bank, operative for 14 months to the value of 3 months of supply. This SBLC will be transferred by way of MT760 to the sellers nominated bank account 8.1.3 Seller’s bank upon receipt of the above Buyer’s SBLC within 5 working days issues 2% (two percent) PB for the quantity monthly value to Buyer’s Bank with the irrevocable commitment to pay the said amount upon failure to deliver first shipment of cargo. Seller’s bank. 8.1.4 Give the POP bank to bank. DONE 8.1.5 Seller, within thirty-six (36) hours from the receipt date of the bank, Letter of credit will issue the letter of appointment to SGS to perform quantity and quality inspection to the cement, in accordance to the provisions herein set forth. SGS will be instructed to confirm acceptance to parties as indicated by both the Buyer and the Seller, 8.1.6 Ship starts loading and shipment commences between 30-45 days after opening of buyer’s SBLC or as soon as practicable prior to 30 days and not exceeding 45 days. 8.1.7 Seller hereby warrants and certifies that the following original documents will be couriered by the Seller’s bank to the Buyer’s bank within three banking days after the loading completion date: QUALITY/ GUARANTEED SPECIFICATIONS:
COMMODITY: SUGAR ICUMSA 45
STANDARD: SUGAR ICUMSA 45 cane sugar.
ORIGIN: BRAZIL.
PACKING: new 2 poly woven bags of 50KG net weight
CROP: 2006 OR LATEST CROP AT SELLER´S CHOICE
COLOR: SPARKLING WHITE
SOLUBILITY: 100% FREE FLOWING
INSPECTION: SGS INSPECTION AT SELLER´S EXPENSE
POLARIZATION: 99.80% MIN AT 20 DEG.CENT
ASH CONTENT: 0.04% MAXIMUM
MOISTURE: 0.04% MAXIMUM
GRANULATION: FINE /SOLID CRYSTAL
PHYSICAL SPECIFICATION - INTERNATIONALLY ACCEPTED STANDARD FOR CANE SUGAR ICUMSA 45 FREE FROM IMPURITIES, SAND, DUST AND RADIOACTIVITY
SMELL: TYPICAL FOR SUGAR. |