Sugar Icumsa 45 RBU
Commodity: SUGAR ICUMSA 45, RBU
Polarization degree, sound and fit for Human Consumption corresponding completely to the
“Alimentary Code” as per certificate of an appropriate international organization.
Specifications:
Commodity White cane Sugar Icumsa 45
Polarity at 20 Deg. Centigrade 99.80Min.
ASH Content 0.04 % max
Moisture 0.04 % Max
Solubility 100.0 % DTR and free flowing
Granulation Fine
Icumsa Max 45 , attenuation Index Units method no: 4- 1978
Sediments None
Color Sparking White
Crop 2005/2006
Magnetic particles mg/k4
SO mg/kg 20
Radiation Normal w/o presence of cesium or iodine: certified
Smell Free of any smell
Reducing Sugar 0.05 % Max
Substance Solid, crystal max
Max AS 1. p.p.m
Max OS 2 p.p.m. MAX CU: 3 p.p.m.
Max CU 3 p.p.m.
HPN STAPH AUREUS NIL
Quantity: 18,000,000 Metric Tons
Shipment: 200,000 (Two hundred thousand) m/tons per month (+/-5%), total quantity
delivery in maximum 10 years.
Origin: The origin of the SUGAR ICUMSA 45, will be BRAZIL.
Packing: Packed in Bags of 50 Kilogram net.
Delivery: First shipment , not more than 30/45 days after sign the contract and conclusion of the deal.
Price: USD$ 168,00 (One Hundred and Sixty Eight - United States Dollars) net per MT, CIF ASWP
Inspection: Societe Generale de Surveillance (SGS), or equivalent, shall inspect the commodity at the port of loading.
Guaranty: Seller’s Performance Bond, against a Buyer’s fine for canceling or quitting the deal, both of 2% (two percent- total value of Monthly Shipment).
Currency: United States Dollars (USD or US$)
Payment: BG Unconditional Covering 12 Months of shipments and Renewable, Transferable, Divisible, Assignable.
Contract Value: USD 3,024,000,000.00 (Three billion and Twenty Four million - United States Dollars)
PROCEDURES:
1. Buyer issues ICPO with full banking information’s, and Bank RWA.
2. Seller will send the Draft Contract to the Buyer by e mail, for his review and signature and sealed, and send back to the Seller by E mail.
3. Seller will issue the Hard Copy Contract sign and seal and send to the Buyer by E mail, Buyer in turn will sign and seal the hard Copy and send back to the Seller by e mail, Said signed contracts being exchanged electronically will be deemed as original and is legally binding until hard copies are exchanged by Courier. DHL or other.
4. Within 4 (Four) banking days Buyer Bank issues SWIFT MT 799 to Seller’s Bank confirming the existence of funds and ready to issue 01 Unconditional Bank Guarantee, Irrevocable, Transferable, Assignable, Unencumbered, in the value necessary with maturity for 12 months, and as Beneficiary the Seller as per approved draft of the Bank Guarantee sent by the Seller, such issued Bank Guarantee will be renewable every 12 months, and thereafter every 12 months, until the full deliveries of the contract.
5. Buyer issue the Bank Guarantee, for the full amount of negotiated. and Seller issue the Proof of Product Bank to Bank by MT799
6. 5 banking days after the Bank Guarantee is issued and lodged in the Seller Bank Seller issue the 2% performance Bond for NON Delivery by a Stand By Guarantee covering a monthly shipment.
7. Schedule of delivery is signed and approved by Seller and Buyer.
8. Delivery begins as per full terms of the Contract.
