PRODUCT AND GRADE

 

SPECIFICATIONS

POLARIZATION: 99.80 Degrees min.

ASH CONTENT: 0.04 Max.

ICUMSA: 45 RBU

SOLUBILITY: 100% Dry and Free Flowing

COLOR: Sparkling White. Maximum 45 Icumsa attenuation index units

RADIATION: Within internationally accepted limits.

GRANULATION: Fine to Medium

MOISTURE: 0.04% Max.

MAGNETIC PARTICLES: 4Mp/k SO2: 70 Mg/k

ASH BY ELECTRICAL CONDUCTIVITY: 0.04% Max. [on dry weight basis]

SULPHUR DIOXIDE: 20 mg/kg Min.

SEDIMENTS: None.

SMELL: Free of any Smell

REDUCING SUGAR: 0.05% Max. by weight.

HPN STAPH AUREUS: Nil.

MAX AS: 1 P.P.M.

MAX PS: 2 P.P.M.

MAX CU: 3 P.P.M.

SUBSTANCE: Solid Crystal

 

ORIGIN

100% from BRAZIL 

 

PACKING

The sugar shall be packed in 50 kg net wgt./50.172 kg gross wgt. poly-lined new jute bags. Each bag shall be secured by tape to assure the safety of the commodity during ocean transport. Bags shall be branded in indelible ink or paint in the English language bearing the marks: Made in “Country”; White Refined Sugar; Net Wgt: 50.0 kg; Current Crop (XX Bags per sling of XX Kg). On each vessel, the seller shall (at seller’s expense) supply two (2%) percent of each shipment in empty bags of the same specifications.

 

DESTINATION & DELIVERY

Destination: CIF ASWP. Delivery to countries in conflict: Extra costs added (+15$/MT).

 

CONTRACT

Minimum contract 12 months, incoterms (CIF-ASWP).

 

SHIPMENT

Minimum shipment 27 MTS (container) and 12,500 MTS (spot or contract)in 45/60 days and rest in 30 days, after receipt of payment Instrument to the Seller’s bank.

 

PAYMENT

Container Payment

The Buyer will pay by MT103 or TT.

 

Spot Payment

Buyer will issue a transferable irrevocable bank guarantee, for the total value. SBLC or BG -Irrevocable, divisible, transferable, confirmed, unconditional, unrestricted, passive of transfer, issued by one of the TOP 25 First World Banks, with a guarantee of total funds. This guarantee should be issued by the bank of the Buyer, and sent directly to the bank of the Seller.

 

Contract Payment

AS PAYMENT GUARANTEE: SBLC or BG, (xx months value delivery, for contract guarantee and covering the last xx months deliveries)

AS MONTHLY PAYMENT: the buyer will pay by MT103 or TT. Payment shipment value shipment delivery from Top 25 Western Prime Bank, after received to Seller ́s bank all the shipping documents for each shipment.

 

PERFORMANCE BOND

The Seller will post 2% performance bond after receipt of payment guarantee instrument, within ten days. The Seller group ́s bank sends a 2 % performance bond to the Buyer`s bank in favor of the Buyer, issued and confirmed by an International First Class Bank.

 

PROOF IF PRODUCT

The Seller ́s group a letter of commitment to ensure the provision of product during the twelve months. The Seller group issues the POP to the Buyer ́s bank by Swift, and is issued/confirmed by an International First Class Bank.

 

INSPECTION

S.G.S Inspection for quality and quantity Service is at the Seller’s cost and the commodity will be inspected at the place of loading.

 

INSURANCE

110% of the CIF value of each shipment on the Seller ́s account.

 

PROCEDURES

  • BUYER ISSUES AN ICPO, INCLUDING BUYER ́S BANK REFERENCES, BUYER PASSPORT COLOR COPY, NCNDA/ IMFPA TO WINDANSEA TRADING LLC.
  • SELLER SHALL PROVIDE FULL CORPORATE OFFER.
  • BUYER RETURNS THE FCO SIGNED AND SEALED, ACCEPTING PRICE AND SALE TERMS, AND SENDS THE BCL OR RWA VIA SWIFT MT999, FOR THE BG VALUE.
  • SELLER ISSUES CONTRACT.
  • BUYER SIGNS, SEAL AND RETURN THE CONTRACT TO SELLER, DULLY SIGNED AND SEALED.
  • THE SELLER SIGN THE CONTRACT AND RETURN TO THE BUYER.
  • BUYER AND SELLER DEPOSIT A COPY OF THE SIGNED CONTRACT TO THEIR RESPECTIVE BANK.
  • BUYER’S BANK SENDS TO SELLER’S BANK WITHIN 5(FIVE) BANKING DAYS, AN  OPERATIVE FINANCIAL INSTRUMENT (SBLC/BG: UNCONDITIONAL, TRANSFERABLE, DIVISIBLE, IRREVOCABLE) BY SWIFT MT760, REQUIRED TO CONTRACT GUARANTEE AND VALID FOR 14 MONTHS, HAVING A FACE AMOUNT EQUAL TO USD $XX, 000,000.00 (XXX MILLIONS DOLLARS) TO COVER THE PERIOD OF TIME THE XX LASTS MONTHS OF SHIPMENTS, OF ONE OF THE 25 TOP BANKS.
  • WITHIN 7 BANKING DAYS, THE SELLER ́S BANK SENDS THE 2% PERFORMANCE BOND (EQUAL TO GUARANTEE INSTRUMENT) AND POP, VIA SWIFT, BANK TO BANK METHOD, TO THE BUYER’S BANK.
  • SHIPMENT STARTS WITHIN 30/45 DAYS AFTER THE BUYER’S BANK RELEASES THE FINANCIAL INSTRUMENTS TO THE SELLER’S BANK.

 

DOCUMENTS OF PAYMENT

  • ORIGINAL AND MANUALLY SIGNED COMMERCIAL INVOICES INDICATING BG OR SBLC NUMBER AND CONTRACT NUMBER, IN 3 ORIGINAL AND 6 NON NEGOTIABLE COPIES;
  • CERTIFICATE OF QUALITY AND QUANTITY (INDICATING TOTAL WEIGHT) ISSUED BY SGS, IN ORIGINALS AND 4 COPIES;
  • CERTIFICATE OF ORIGIN MADE OUT “TO WHOM IT MAY CONCERN” (TO VERIFY THE EMISSION FROM THE SENDING ORGAN) ISSUED BY LOCAL CHAMBER OF COMMERCE, WITH 2 ORIGINALS AND 4 COPIES;
  • FULL SET “CLEAN ON BOARD” BILL LADING, ISSUED BY THE   SHIPPING  COMPANY AND/OR BY THE CAPTAIN/MASTER OF THE VESSEL MADE OUT TO ORDER, BLANK ENDORSED AND MARKED: “FREIGHT PREPAID”, WITH 3 ORIGINALS AND 4 COPIES;
  • PHYTOSANITARY CERTIFICATE ISSUED BY THE LOCAL AUTHORITY (OF THE COUNTRY OF ORIGIN) INDICATING THE PRODUCT TO BE SUBSTANTIALLY FREE FROM DISEASES, PESTS AND HUMIDITY, DANGEROUS TO PLANTS (FOR WHEAT) AND FOR SUGAR, SO THAT THE PRODUCT IS READY FOR HUMAN CONSUMPTION WITHOUT FURTHER PROCESSING, WITH 3 ORIGINALS AND 4 COPIES;
  • INSURANCE CERTIFICATE IN FAVOR OF THE BUYER AT SELLER ́S EXPENSES FOR EACH SHIPMENT.