SUGAR INCUMSA 45

TRANSFERABLE AUTO REVOLVING LC PAYMENT AT LOADING (non RSA)

1,000,000mt – best price $240.00 USD/tm   CIF ASWP

 Prices subject to change without notice! 

PROCEDURES

  1. Buyer submits LOI including Soft Probe + BCL (both documents not older than 5 banking days)

  2. Seller Issues FCO.

  3. Buyer sends signs FCO with all information completed.

  4. Seller issues Contract for Buyer's signature and Buyer returns signed Contract to Seller by Facsimile. Seller signs contract and returns copy to Buyer by Facsimile. Buyer forwards signed originals by DHL or other Courier to Seller, Seller countersigns and returns copies of signed originals to Buyer by DHL or other Courier.

  5. Buyer Bank confirms POF and the availability of LC as well as their readiness to issue LC to Seller's Bank.

  6. Sellers Bank confirms POP and the availability of PB as well as their readiness to issue it to Buyer's Bank

  7. Buyers Bank and Sellers Bank approve the format / text/ verbiage of Buyer’s LC and Seller’s PB.

  8. Buyers Bank issues non-operative Letter of Credit, in return Sellers Bank issues operative performance Bond,

  9. The operative performance bond activates the Letter of Credit.

  10. Shipment commences as per contract.

Important details:

  • Performance Bond cannot be more than 2%

  • We do not provide Samples of Sugar

  • POP is provided Bank to Bank after receiving POF from Buyers bank initially - Inspection by SGS

Sugar Specifications:

Commodity:      White Cane Sugar Incumsa 45

Polarity at 20 Deg. Centigrade:   99.80 Min.

ASH Content:    0.08% Máx.

Moisture:          0.08% Máx.

Solubility:         100.0% DRT and free flowing.

Granulation:      Fine.

ICUMSA:          Máx. 45 ICUMSA, Attenuation Index Units method no: 4-1978)

Sediments:       None

Color:   Sparking White

Crop:    2005

Magnetic Particles:       mg/k 4.

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

Poisonous seed / husks: Phytosanitary Certificate of no radiation, no virus, no insect parts, no poisonous matter and non genetic and is suitable for human consumption.