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Brazilian Sugar ICUMSA 45 allotted to South Sudan at the subsidised price of US Dollars Two Hundred and Eighty ($280) per ton. The allotted total quantity is one hundred and fifty thousand (150,000) metric tones. They could not take it due to some internal problems. If any of your clients are interested we can arrange the supply in the same subsidised prices and the quantity is also the same. Your quick action will be appreciated. Because the 17th August International Sugar Price is USD 686.35 per ton. STEP BY STEP PROCEDURES FOR FOOD SUBSIDY SCHEME- FOR THE SUPPLY OF ONE HUNDRED AND FIFTY THOUSAND (150,000) METRIC TONS OF BRAZILIAN SUGAR ICUMSA 45 IN PART SHIPMENTS: THE SUBSIDISED PRICE PER METRIC TON - US DOLLARS TWO HUNDRED AND EIGHTY ($280) SHIPPING TERMS - CIF ANY SAFE SEA PORT, BENEFICIARY - TO BE DISCLOSED PAYMENT GUARANTEE - BY 100% CASH BACKED, IRREVOCABLE, TRANSFERRABLE AND OPERATIVE STAND BY LETTER OF CREDIT ISSUED BY ANY TOP 25 BANKS . PAYMENT - THE INVOICE AMOUNT OF EVERY SHIPMENT RECEIVED AFTER THE RECEIPT AND ACCEPTANCE OF THE GOODS AT THE UNLOADING SEAPORT VIA SWIFT MT103. Step 1 CONTRACT PERIOD: SELLER SENDS DRAFT CONTRACT FOR THE SUPPLY OF BRAZILIAN SUGAR ICUMSA 45 TO THE BUYER; Step 2 THE SELLER AND BUYER AGREE UPON DRAFT CONTRACT CONDITIONS; SELLER AND BUYER WET SIGN AND SEAL THE CONTRACT FORMALLY; WET SIGNED AND SEALED DRAFT CONTRACT IS ACCEPTED AS FINAL CONTRACT. Step 3 THE SELLERS ISSUES PROFORMA INVOICE. BUYER CONFIRMS THE PROFORMA INVOICE Step4 BUYER OPENS 100% CASH BACKED, IRREVOCABLE, TRANSFERRABLE AND OPERATIVE STAND BY LETTER OF CREDIT ISSUED BY ANY TOP 25 BANKS AS THE PAYMENT GUARANTEE TO THE VALUE OF THE TOTAL ORDERED QUANDITY WITHIN FIFTEEN (15) DAYS AFTER THE RECEIPT OF THE PROFORMA INVOICE. Step 5 THE SELLER ARRANGES SGS OR EQUIVALANT INSPECTION AGENCIES AT THE LOADING PORT IN BRAZIL IN FOUR TO FIVE WEEKS AFTER THE VERIFICATION AND THE ACCEPTANCE OF THE PAYMENT GURANTEE, SBLC, Step 6 THE BUYER'S REPRESENDATIVES ARE ALLLOWED TO VISIT THE LOADING PORT IN BRAZIL AT THE TIME OF THE SGS INSPECTION. AFTER THE BUYER'S OR THEIR REPRESENDATIVES' ACCEPTANCE THE SELLER MAKES SHIPMENT ON CIF BASIS TO ANY SAFE SEA PORT. Step 7 PAYMENT SHALL BE RELEASED AGAINST THE SUBMISSION OF THE SHIPPING DOCUMENTS AND SGS REPORT AT THE UNLOADING PORT FROM THE SELLERâ??S BANK TO THE BUYERâ??S BANK Step 8 THE ACTUAL COST OF THE SUGAR IS PAID BY SPONSOR(SELLER WITH SUBSIDY) TO THE SUGAR MILLS IN BRAZIL.
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