Description:
Physical Specifications ICUMSA45 White Refined Brazilian SugarLoading port In Brazil Sellers option. ocean shippingMarking on packing/ labels not erasable, not smearable, to bedefined by Buyer.
Vessels To be 20 years of age maximum, with gears /cranes toaccelerate discharging of ship.
Pre-shipment Inspection SGS (Quality, Quantity, Weight, &Photo) at loading port, at Sellers expense.
PROCEDURES:
1. BUYER SENDS LOI OR ICPO WITH SOFT PROBE FRESH DATED MT799 ORRWA
2. SELLER''S MANDATE ISSUES SOFT OFFER OR FCO.
3. BUYER RETURNS BY E-MAIL THE SIGNED AND SEALED SOFT OFFER ORFCO.
4. SELLER ISSUES DRAFT CONTRACT
5. BUYER RETURNS TO SELLER BY E-MIL THE SIGNED AND SEALEDAGEEMENT.
6. SELLER SIGNS AND STAMPS THE ConTRACT AND SENDS THE HARDCOPIES.
7. WITHIN 2 (TWO) BANKING DAYS BUYER''S BANK WILL SEND VIA SWIFTTHE ConFIRMATION OF FUNDS TOSELLER''S BANK BY MT799FREE FORMAT MESSAGE.
8. AFTER MT799 THE SELLER''S BANK SENDS THE ConFIRMATION OF THEPRODUCT
9. BUYER ORDER THE THEIR BANK TO ISSUE THE AGREED MT103/23 OROTHER
10. SELLER WILL POST A 2% (TWO PERCENT) PERFORMANCE BOND IN FAVOROF THE BUYER AND THE LETERS OF CREDIT OR OTHER PAYMENT ConDITIONSTURN OPERATIVE.
11. BUYER WIL ADVISE THE SELLER IN WRITING THE PARTICULARS OF THEDISCHARGE PORT RELEVENT TO THIS AGREEMENT.
12. WHIPMENTS WILL BEGIN AS PER AGREED SHIPPINGSCHEDULE AND WITHIN35-45 DAYS OF RECEIPT OF AGREED FINANCIAL INSTRUMENT.
13. THE 2% PB (TWO PERCENT PERFORMANCE BOND)
14. DELIVERY AND SHIPMENT COMMENCE AS PER SCHEDULE MUTUALLYAGREED
