We hereby state and represent that it is our intention to negotiate and sell, and we hereby
confirm that our seller is ready, willing and able to offer the following commodity.
COMMODITY: BRAZILIAN REFINED ICUMSA 45 (SUGAR)
QUANTITY: 150,000 MT
CONTRACT LENGHT: 12 months or Buyers Option
SHIPMENTS: 12500MT (12 monthly shipments or Buyers Choice)
PACKING: BAGGED 50 KGS
LOADING PORT: AS PER SUPPLIER – A BRAZILIAN MAIN PORT
OFFER PRICE: US$ 365 CIF[HTML][/HTML]
DELIVERY PERIOD: 30 - 45 DAYS OF SIGNED AND SEALED CONTRACT
INSPECTION PORT: THE SELLER GUARANTEES TO HIS ACCOUNT THE
SHIPMENT OF ICUMSA 45 SHALL BE PROVIDED WITH AN INSPECTION OF WEIGHT
AND QUALITY AT THE TIME OF LOADING AND SUCH CERTIFICATES SHALL BE
PROVIDED BY SGS OR SIMILAR AUTHORITY AT SELLER’S EXPENSE
PAYMENT: IRREVOCABLE, MONTHLY REVOLVING DOCUMENTARY LETTER OF
CREDIT, PAYABLE 100% AT SIGHT , WITH BANK GUARANTEE ISSUED BY TOP 50
P B G: 2% PBG
SULPHUR DIOXIDE: 20 MG/KG MIN.
FREE OF: ANY SMELL
REDUCING SUGAR: 0.05% MAX BY WEIGHT
HPN STAPH AUREUS: NIL
MAX. AS: 1 PPM
MAX. PS: 2 PPM
MAX CU: 3 PPM
SUBSTANCE SOLID CRYSTAL
LOADING: ALL COSTS AT PORT OF LOADING ON THE ACCOUNT OF THE
DISCHARGE: ALL COSTS AT PORT OF DISCHARGE ON THE ACCOUNT OF THE
DOCUMENTS AVAILABLE FOR PAYMENT:
1. BILL OF LADING
2. COMMERCIAL INVOICE
3. QUALITY AND QUANTITY CERTIFICATES BY SGS
4. CERTIFICATE OF NON-RADIOACTIVITY & WAR FREE MATERIAL BY SGS
5. CERTIFICATE OF ORIGIN
6. PACKING LIST
7. MASTER LIST
This Soft Offer is subject to final approval and agreement by both seller and buyer and all
the terms and conditions herein as well as subsequent Contract of Sale including any
amendments or variations thereof, all of which has to be reduced in writing and signed by
both parties hereto.
1. The buyer issues Letter of intend (LOI) with BCL issued by his bank confirming
availability of funds for purchasing the Sugar.
2. The seller issues draft contract to buyer for comments and acceptance, the buyer signs
and returns the draft contract showing all amendments required and adds full banking
coordinates as set out within.
3. The seller amends where necessary the hard copy contract, signs, seals and issues to
the buyer for his completion, the buyer signs the hard copy contract and returns it to the
seller. Any facsimile copy shall be considered as the original.
4. Within five (5) banking days after the final hard copy contract signature, the buyer
opens a financial instrument in their own bank and then provides to the seller a nonoperative
letter of credit to seller for approval and then forwards it to the seller’s bank.
In return, within seven (7) international banking days, the seller provides proof of
product to the buyer’s bank.
5. Within seven (7) banking days after the receipt and confirmation of a letter of credit
acceptable to the seller the seller issues a fully active two (2 %) performance bond of
the letter of credit value.
6. Delivery and shipment commence as per the terms and conditions of the contract.
Definitive Purchase Contract: All of the terms and conditions of the proposed
transactions would be stated in the Purchase Contract depended on Buyer’s
LOI, to be negotiated, agreed and executed.
Buyer Stamp and Sign _______________________________________-