We work with a US based group that is working directly with several mills in Brazil.
Procedures are fixed by government and all orders must transact in this manner. No Exceptions.
Buyer has a 5-day window after submitting an ICPO (template will be provided) and a SBLC to fully vet and review the mill(s) and thr order for their due diligence.
After draft contract is issued the buyer will be able to review the total transaction.
All contracts are in 12-month increments
Payment & Guarantee Terms:
Payment: MT 103, to be paid against presentation of full original shipping documents to the buyer’s bank.
Guarantee: Prime Top 25 (Non-State Owned) World Bank SBLC model, operative transferable, divisible, irrevocable confirmed, the value of three months of the contract, or more as agreed between seller and buyer, valid until the end of the contract.
As per agreement between sellers and buyers the instrument document shall be issued unconditionally by the buyers as guarantee, shall be free, as well as unencumbered by the PB (Performance Bond) and BL (Bill of Lading), and/or POP (Proof of Product), i.e., and Partial POP will be issued by the Seller’s bank within 25-30 calendar days to the buyer’s bank, after opening of SBLC totally unconditional on behalf of the seller.
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Product Name:
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ICUMSA 45 White | Refined Cane Sugar
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Product Origin:
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Brazil
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Port Location:
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Designated Brazilian Port
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Product Packaging:
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50 Kg Branded bags packed 1 / 1.5 / 2 MT in bulk in Jumbo sling bags placed in containers.
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Product Specification:
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See Corresponding Information
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Monthly Quantity:
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Contract Duration:
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12 Months (With Rolls & Extensions)
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Shipping Frequency:
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Based On Shipping Schedule
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Shipping Destination:
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Product Price (CIF):
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Form of Guarantee:
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Prime Top 25 Bank | 3 Month Value Guarantee
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SBLC Guarantee Total Value:
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Payment Conditions:
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MT-103
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Third Party Inspection:
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SGS Chemical Analysis
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- Buyer initiates order by issuing ICPO along with BCL with Soft Probe permission.
- Seller issues Sale and Purchase Draft Contract. Buyer signs, seals, and returns the contract; Seller reviews it, signs it, and returns it to the Buyer.
- Seller and Buyer exchange signed contract hard copies by express courier.
- Buyer’s bank issues operative SBLC, prime World Bank Top 25 (Non-State Owned), free, irrevocable, confirmed, valid until the end of the contract, valid for the entire period of the same duration.
- Within 5 business days thereafter, Seller’s bank issues 2% Performance Bond.
- Within 45 calendar days thereafter, Seller will issue to Buyer the SGS Report and BL (Bill of Lading). Shipment schedule will be provided for all future monthly shipments.Note. This specific time frame pertains only to the initial shipment, all subsequent shipments will be issuing shipping documents within 10 business days for each shipment therafter.
- Buyer makes MT 103 payment within 24 hours upon receiving the above documentation; prior to the shipment’s departure from the Brazilian Port.
- Upon verifying receipt of payment, CIF Delivery to Buyer’s Destination commences & continues according to Shipping Schedule, Contract Terms and Conditions.
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DOCUMENTS:
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Commercial Invoice #
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Bill of Lading #
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Inspection Certificate by SGS #
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Weight quality and issued by SGS #
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Certificate of Origin #
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Packing list in triplicate #
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Phytosanitary certificate #
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Fumigation certificate #
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Radiation free certificate #
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Insurance certificate
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BUYER’S BANK COORDINATES:
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Bank Name:
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Bank Branch Address:
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Bank Officer Name And Title:
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Bank Officer’s Email:
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Bank Officer’s Phone:
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Bank Officer’s Fax:
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Account Name:
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Account Signatory Name And Title:
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Account Number:
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Swift Code:
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Bank Routing No.:
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BUYER INFORMATION:
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name:
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company name:
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position:
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physical address:
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phone:
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mobile phone:
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email:
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passport number, and issue and expiry date:
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date:
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authorized signature & seal:
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