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SUGAR DDP USA Sample prices Quantity Price 50,000 MT - $570 200,000 MT - $540 500,000 MT - $525 PROCEDURES 1. Buyer issues a Purchasing Order (ICPO) to the Seller. The buyer must issue proof of funds (POF). It can be RWA / BCL signed by two bank officers (Certification letter), in which the seller's bank officer can verify the funds with the buyer's bank officer. 2. Seller issues an SPA Sale & Purchase Agreement. 3. Buyer reviews, signs, and returns Purchase Contract within three (3) business days. Seller signs Purchase Contract and sends copy to Buyer via email. 4. The Buyer issues the SBLC in favor of the Seller and remits the SBLC MT760 to the bank designated by the Seller within five (5) business days following the signing of the Purchase and Sale Agreement. The SBLC shall be for one (1) monthsâ?? worth of shipment, with a maturity of twelve (12) months and one (1) day from the date of issuance. 5. The SBLC must be sourced from one of the top 25 banks in the U.S. or Europe, and be unconditional, irrevocable, unrestricted, transferable, free of encumbrances and confirmed with full bank liability. 6. Seller verifies and confirms, by receiving the SBLC. 7. Within ten (10) working days after the seller confirms that the SBLC is correct, the Buyer will receive the completed shipping documents and the Proforma Invoice (PI), once the vessels are loaded and ready to depart (Port Assigned). 8. Approximately (20 - 24) business days later, the sugar will arrive at the designated U.S. port facilities and the Buyer will be notified. 9. After inspection of the product and documents in origin port by Buyer or Buyer's representative, Buyer will pay the full sugar payment, on the same day, into Seller's designated bank account. 10. The Seller will transfer title to the Buyer. Payment Terms: â?¢ SBLC/MT 760, will be issued in favor of the supplier, the document will be Divisible, Irrevocable transferable, Endorsable, operative and confirmed 100%, the payment of the product will be made by Bank Transfer MT/103 to the Seller of the product of merchandise contracted in the port of origin, which will be transported to the different ports designated by the buyer. All taxes and duties related to Nationalization are included in the price provided. The *Only accepted SBLC Transferable and Divisible
