[Offer to Sell] SUGAR |
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| LOI + BCL is needed to proceed. Prices are subject to final confirmation. 01/2008 SUGAR SPECIFICATION & SELLER TERMS AND CONDITIONS SPECIFICATIONS The product shall be fit for human consumption, as confirmed by the inspection certificate issued by SGS and shall meet the following specifications: Polarization, degrees, min 99.80% Ash by electrical conduct, max 0.04% (on dry weight basis) Moisture, max 0.04% ICUMSA, max, (Brazil S.G.S. Scale) 45 RBU ICUMSA, max, attenuation index units 45 (ICUMSA method no.: 4-1978) Solubility 100%, dry and free flowing Colour Sparkling white Radiation within Cs-137 50 BQ per kg Granulation fine crystal Crop 2006/2007 Magnetic Particles mg/kg 4 max SO2 mg/kg 20 max Sulphur dioxide, mg/kg, min 20 Sediments none Odour typical and specific for sugar Reducing sugar, max by weight 0.05% HPN Staph Aureus, in 1 gram not detected Maximum As, p.p.m. 1 Maximum Pb, p.p.m. 1 Maximum Cu, p.p.m. 3 Substance Solid crystal Tolerance ± 5% PERFORMANCE BOND The seller shall issue a 2% (Two Percent) Performance Bond (PB) of the financial instrument. PRICE DIFFERENCES BASED ON PAYMENT SYSTEM. WE SHALL QUOTE BASED ON: TERMS OF PAYMENT : SPOT DEALS PAYMENT :DLC 12 500 MT USD 380/MT 25 000 MT USD 370MT 50 000 MT USD 355MT 100 000 MT USD 335MT -MT 103 CONDITIONAL - $10MT LESS -BG or SBLC -$15MT LESS CONTRACT - 12 months Payment: monthly autorevolving DLC 12 500 MT X 12 USD 325MT 25 000 MT X12 USD 3155MT 50 000 MT X12 USD 305/MT 100 000 MT X12 USD 275/MT 150 000 MT X12 USD 265/MT 200 000 MT X12 USD255MT -BG or SBLC ( 3 months ) -$15MT LESS -BG or SBLC (covering full amount ) -$20MT LESS TERMS OF PAYMENT A – SBLC OR BG TRANSFERABLE OR NONTRANSFERABLE , IRREVOCABLE, DIVISIBLE, UNCONDITIONAL AND CONFIRMED FOR THE FULL AMOUNT OF THE CONTRACT OR THREE MONTHS SHIPMENT VALUE REVOLVING EVERY THREE MONTHS WITH SBLC OR BG. (BEST PRICE) B - PAYMENT BY BANK GUARANTEE OR STANDBY LETTER OF CREDIT, TRANSFERABLE OR NONTRANSFERABLE, IRREVOCABLE, DIVISIBLE, UNCONDITIONAL AND CONFIRMED TO COVER TWO OR THREE MONTH SHIPMENTS (DEPENDING ON QUANTITY) AS A GUARANTEE OR TO BE USED FOR THE LAST THREE MONTHS SHIPMENTS. THE PAYMENTS CAN BE SHIPMENT BY SHIPMENT WITH MT103 OR TT AGAINST SHIPPING DOCUMENTS. C. PAYMENT BY MONTHLY AUTO REVOLVING TRANSFERABLE OR NON TRANSFERABLE , IRREVOCABLE, DIVISIBLE, UNCONDITIONAL AND CONFIRMED DOCUMENTARY LETTER OF CREDIT COVERING AND GUARANTEEING FULL AMOUNT OF THE CONTRACT . TERMS OF PAYMENT FOR SPOTS 1)-MT 103 2)-BG or SBLC TRANSFERABLE OR NON TRANSFERABLE , IRREVOCABLE, DIVISIBLE, UNCONDITIONAL AND CONFIRMED BY FIRST CLASS BANK, EUROPEAN OR AMERICAN. 3)- PAYMENT BY DOCUMENTARY LETTER OF CREDIT TRANSFERABLE OR NON TRANSFERABLE , IRREVOCABLE, DIVISIBLE, UNCONDITIONAL AND CONFIRMED BY FIRST CLASS BANK, EUROPEAN OR AMERICAN . XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX FOR ANY OTHER PAYMENT OPTION, MUST BE DISCUSSED WITH THE SELLER. THE PRICE DEPENDS ON THE QUANTITY, PAYMENT TERMS, SHIPMENT QUANTITY AND DESTINATION. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX CONTRACT PROCEDURES  BUYER ISSUES LOI/ICPO WITH FULL BANKING DETAILS WITH SOFT PROBE AUTHORIZATION AND BCL.  SELLER ISSUES FCO OR DRAFT CONTRACT IN FAVOUR OF THE BUYER.  BUYER SIGNS AND SENDS BACK THE DRAFT CONTRACT TO THE SELLER WITHIN 3 DAYS.  SELLER SENDS THE FINAL DRAFT CONTRACT DULY SIGNED AND SEALED. BUYER DULY SIGN AND SEAL 5 COPIES AND RETURN BACK 03 (THREE) COPIES TO THE SELLER.  BUYER SENDS DULY FILLED LETTER OF CREDIT APPLICATION FORM OF THE LC ISSUING BANK FOR THE APPROVAL OF THE SELLER/SELLER’S BANK.  AFTER REVIEW, SELLER RETURNS THE LC APPLICATION FORM BACK TO THE BU |
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