ATTENTION: Buyer 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) ORIGIN: BRAZIL 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 DESTINATION: ASWP OFFER PRICE: US$ 365 CIF[HTML][/HTML] INCONTERMS: CIF 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 WORLD BANK P B G: 2% PBG SULPHUR DIOXIDE: 20 MG/KG MIN. SEDIMENTS: NONE 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 SELLER. DISCHARGE: ALL COSTS AT PORT OF DISCHARGE ON THE ACCOUNT OF THE BUYER. 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 SPECIAL CONDITIONS: 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. Procedures: 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.
Accepted Buyer Stamp and Sign _______________________________________- Represented by: Designation: