TO: WORLDWIDE COMMODITIES ENTERPRISES
Att: Dr. Gabriel Valderrama Gómez
PRODUCT: Refined White Cane Sugar ICUMSA 45
Commodity: SUGAR REFINED WHITE100% ICUMSA 45
Packing: 50 kilograms polypropylene bags
Quantity: 200.000 METRIC TONNES (+/-5%).
Shipment: 24 Shipments
Term: 24 Months
Country of Origin: Brazil
Unit Price: USD $ 325 MT.
Portof Destination: ASWP
In global payment guarantee of the total quantity and valuecontracted, the Buyer issue a SBLC thru a 50 WORLD BANK, for15% of the total amountof the contract, irrevocable, confirmed,divisible, operative and unconditional in up to 5 (five) working daysafter sing the contract, as per seller´s draft.
SGS (SocieteGenerale deSurveillance) Export Certificate onQuantity, Quality and Weight at Port of Loading at Seller´s Cost.Buyer is free to send own inspectors to check quality and quantitybefore loading stars.
PRICES:Prices in this FCO are subject to vary accordingly to marketfluctuations. Prices would be blocked after signing the FCO + Sale /Purchase Contract by the parties involved herein, the Seller and theBuyer.
50 kg Branded bags packed 1/ 1.5/ 2 MT in bulk in Jumbo slingbags.
Seller will provide 3% performance Bond total contractTRANSACTION PROCEDURES TO STARTDEAL
1) Buyer issues a LOI or ICPO + RWA + NCND.
2) Seller issues FCO.
3) Buyer sign, seal and return the FCO.
4) Seller issues Draft Contract.
5) Buyer sign, seal and return the Contract, sellersign the Contractand return to the Buyer.
6) Buyer and Seller deposit a copy of the executed Contract to theirrespective Banks.
7) Within 3 (three) banking days, Buyer Bank sends a Non-operativeARDLCto the seller’s Bankand the buyer opens an irrevocableletter of SBLC o BG ( 200.000 TM) how contractwarranties.
8) Within 48 hours Seller's Bank sends Proof of Products (POP) +PB 2% via Swift Bank...