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Commodity: ICUMSA 45 Origin: Brazil Packing: in 50 kg. net weight bags. Inspection: SGS at loading port Performance Bond: 2% (for contracts only) Insurance: 110% Prices: CIF ASWP Payment: - Spots: Irrevocable Transferable, Confirmed DLC 100% at sight for total quantity from Top Western Prime Bank. - Annual Contracts: By RDLC: Irrevocable, transferable, divisible and confirmed Auto Revolving Documentary Letter of Credit from Top Western Prime Bank corresponding to the monthly shipment, revolving the number of months specified in contract, payable at sight at Sellerâ??s Bank + the contract guarantee in form of an irrevocable, transferable, divisible, assignable and confirmed Stand-by Letter of Credit (SBLC) corresponding to 2 (two) months of the contract with a maturity of 13 (thirteen) months. CIF ASWP at Price in US$ / MT Contract Shipments Spots PRICE: 12,500 Spot 460$ 25,000 Spot 450$ 50.000 Spot 440$ 100.000 Spot 430$ Procedures: 1.Buyer issues a LOI; 2.Seller Representative issues oficial SCO; 3.Buyer signs and seals SCO and issues ICPO + CIS/KYC + BCL; 4.Seller mandate issues FCO + NCND; 5.Buyer signs, seals and returns the FCO + NCND; 6. Seller issues Draft Contract; 7. Buyer signs, seals, and returns the Contract; 8. Seller signs the Contract and returns it to the Buyer; 9. Within 3 (three) banking days, the buyerâ??s bank sends a Non-Operative financial instrument for total shipment value to the sellerâ??s bank; 10. Within 5 (five) banking days, the sellerâ??s bank sends Proof of Products (POP) + 2% PB via swift bank-to-bank methods and activates payment instruments; 11. Financial instrument 12. Shipment starts.
Commodity: ICUMSA 45 Origin: Brazil Packing: in 50 kg. net weight bags. Inspection: SGS at loading port Performance Bond: 2% (for SBLC and DLC payments only) Insurance: 110% Prices: CIF ASWP Payment: at loading port - SBLC (MT 760): From TOP 50 bank, 100% Fully Cash-Backed, Irrevocable, Confirmed, Divisible, Transferable, Assignable and Unrestricted, Operative at sight at loading port via MT 760 given as guarantee only and valid for 365 + 1 day. For each month delivery, within 3 banking days, buyer pays by MT103/TT against shipping documents as per contract. - ARDLC (MT 700): From TOP 50 bank, Auto Revolving, Cash-Backed, Irrevocable, Confirmed, Divisible, Transferable and Unrestricted, Operative at sight at loading port via MT 700 given as guarantee only and valid for 12 months. For each month delivery, within 3 banking days, buyer pays by MT103/TT against shipping documents as per contract. 12.500MT X12Months= 150.000MT PRICE :405 USD 25.000MT x12Months= 300.000MT PRICE : 395 USD 50.000MT x12Months= 600.000MT PRICE : 385 USD 100.000MT x12Months=1.200.000MT PRICE:375 USD 1. Buyer issues LOI. 2. Seller Representative issues formal SCO. 3. Buyer accepts SCO by signing it and returning it to Seller Representative with ICPO + NCND / IMFPA. 4. Seller issues FCO. 5. Buyer signs and seals the FCO returning it to the seller along with the legal documents of buyer's company and RWA or BCL issued by Buyer�´s prime Bank nominative to Seller's company, via swift (bank to bank). 6. Seller�´s Bank verifies compliance with the Buyers bank and if all is correct, issues the draft contract sending it to the Buyer. 7. Buyer verifies, corrects, signs, seals, and returns the draft contract to Seller. 8. Seller verifies that the contract is approved, signed, and sealed by the Buyer. 9. In 5 banking days, Buyers Bank issues the MT 760 Preadvice SBLC as agreed in favor of the seller. 10. In 5 banking days, Seller�´s Bank sends to Buyer�´s Bank the POP via swift (warehouse location and product availability, producer identification, laboratory analysis, proforma invoice). 11. In 3 banking days, the Buyer's Bank will issue MT 760 Operative SBLC as agreed in favor of the seller. 12. In 5 banking days, Sellers Bank issues PB 2% (for annual contracts only). 13. Within 20 banking days, Seller issues through a bank the shipment documents (origin certificate, SGS inspection of weight and quality, bill of lading, insurance certificate, commercial invoice, radiation certificate, phytosanitary certificate). 14. In the next 48 hours, Buyers Bank issues the payment instrument MT 103 in favor of the seller.
