Commodity of Sugar Icumsa 45 From Brazil Quantity: 2.000.000 MT Target Price US$ 240,00 CIF ASWP
Delivery Month 50.000 MT / 100.000 MT
Payment Terms: Irrevocable, Transferable, Endorsed, Fully Funded Standby Letter of Credit or B.G. (Bank Guarantee) for 100% value of contract confirmed guaranteed for payment First-Class World Bank acceptable to the sellers Bank
Procedures:
Buyer sends LOI+RWA (Not older than 4 Days) or BCL
Buyer's Draft+RWA are sent to seller or BCL
Seller issues Official Offer
Buyer accept and sign
POP and Draft Contract issue
Hard Contract copies are exchanged
Buyer issue non-operative L/C
Seller activate L/C with 2% PB
Shipments starts
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