Used Rails R50-R65
Transaction Procedures:
1. Annual contract: 30.000 MT/Month Minimum, Maximum 300,000 MT/Month
2. Buyer issues LOI
3. Buyer confirms soft offer and issues ICPO with right to soft probe addressed to the Seller.
4. Seller issues FCO to Buyer.
5. Buyer signs FCO and returns to Seller with letter of approval.
6. Buyer issues draft contract open amendments.
7. Seller and Buyer exchange legalized and registered contract through courier and lodge contract in respective Banks.
8. SellerÆs Bank issues Proof of Product (POP) via Swift to BuyerÆs Bank to include the following documents listed bellow.
9. BuyerÆs Bank issues Irrevocable, Transferable Documentary Letter of Credit, SellerÆs Bank replies with a 2% Performance Bond to Buyer and the assignee names by means of prime 50 first world ranking banks guarantee Model ICC 458 acceptable in written by Buyer and if the Seller fail to supply the cargo of the product this 2% will be paid to Buyer.
10. The SGS inspection will be borne by the Seller at the loading seaport and Buyer at the unloading seaport.
11. Buyer Shipment commences as per contract. Buyer release payment to the Seller. Shipment Delivery per shipping schedule program via Swift Fund Transfer 100% payable at sight against shipping documents.
As mutually agreed
Ref: sugar price for januray 2011 (valid for contract sign within
01/2011 only)
The seller company, i&a commodities international, llc with full corporate legal
Responsibility, under penalty of perjury confirm that we are ready, willing and able to enter into
Contract with principal buyers or mandates directly for the commodity referenced hereunder,
On the terms and conditions set forth below.
1. Commodity: icumsa 45 sugar.
2. Origin: brazil
3. Standard packing: all sugar packed in 50 (fifty) kg new poly-lined combined with jute
Bags of combined tare of 150 grams each, with 20 bags per single pallet, plus 2% empty
Bags free of charge as allowance with one ply pp inner bag. Standard bag marking/
Printing shall be provided, along with the shipping schedule, in the contract.
4. Quality spec: export standard quality.
5. Quantity order: spot or one year contract up to maximum 200, 000mt per month
6. Shipment: in vessel of 25, 000mt per ship load, start loading in 30/45 days after
Receiving of full payment instrument from buyer. Vessels will not be older than 20 (twenty)
Years lloyds register
7. Trade terms: cif aswp
Specifications
Polarity at 20¦c: 99.80¦ minimum
Sulphated ash content: 0.04% maximum by weight
Moisture: 0.06% maximum by weight
Magnetic particles: mg/kg 4
Solubility: 100% dry & free flowing
Granulometry: 0.55 - 0.70 am/mm (fine standard)
Icumsa: colour 45 icumsa attenuation index units (method #10-1978) maximum
As: 1 p.P.M.
Colour: brilliant white
Reducing sugar: 0.010% maximum in dry mass
Radiation: normal w/o presence of cesium or iodine
So2: mg/kg 70
Heavy metals, toxic elements maximum mg / kg basis
Arsenic 0.50 cadmium 0.05 copper 1.00
Lead 1.00 mercury 0.01 zinc 3.00
Pesticide traces maximum mg / kg basis
Ddt 0.005 photoxin 0.01 hexachloran gamma isomer 0.005
Microbiological limits
Pathogenic bacteria including salmonella per 25 gram: nil. Bacillus per gram: nil.
50kg pp bags.
We have Sugar at Dubai port also high seas. With standard specification for icumsa 45.
50kg in pp bags.
