Standard Procedures

Warning – The transaction always starts (unconditionally) with a complete LOI (Letter of Intent) issued and signed by the Seller, with an expiration date not exceeding 10 days.

1) The Buyer submits an Irrevocable Corporate Purchase Order (ICPO) in his corporate letterhead, with full banking information, authorization to soft-probe its bank account, and a Bank Comfort Letter (BCL) not older Than 3 (three) banking days.

2) After soft-probe on Buyer's Bank Account, the Seller issues a Full Corporate Offer (FCO) and a Contract Draft (CD) for Buyer's analysis, within 24-48 hours.

3) Within five (05) days the Buyer accepts and agrees with the terms and conditions of the FCO and contract Draft (CD) by counter signature and Company stamp, sending it to the Seller (signed FCO and CD is sent via facsimile, or e-mail, which will be deemed as original and binding).

4) The Seller signs the Contract and electronically returns it to the Buyer. The Contract is now legally binding on both parties.

5) Hard copies of the Contract to be issued by the Seller are exchanged with the Buyer via Courier.

6) The Buyer signs and stamps all copies and returns 2 (two) hard copies of the Contract to the Seller via Courier.

7) The Seller and Buyer lodge the hard copies of the Contract with their respective Banks.

8) Buyer's Bank sends Proof of Funds (POF) to the Seller's Bank via SWIFT MT-799, if required.

9) Seller's Bank sends the Proof of Product (POP) to the Buyer's Bank, as indicated below.

10) The Buyer opens the non-operative payment instrument, as per contract.

11) The Seller opens the Performance Bond (2%), which makes the Buyer's payment instrument operative.

12) Vessels are chartered and loading takes place as per Contract.

Please Note:
Any alteration in the procedures above described, will be informed by seller/buyer by the FCO/ICPO, by draftcontract or still through of changes specific requested through messages exchanged among those involved in the negotiation.

Standard Packing and Markings

In bags with polythene inner packing to secure the safety of the commodity during sea transportation the sugar is to be packed in new net double sacks, being one sack of polypropylene and the other of polyethylene and palletized. Tare weight shall be 160 gram, minimum. Uniformity of bagged net weight is of the essence. Two percent (2%) spare bags shall be supplied free of charge. Each bag shall be clearly marked (in English) with the following: Description of content (name and grade of product); Use by date and crop year; Net weight; Code marks; Country of origin.

Standard Documents and Payment

Documents on payment: Signed commercial invoice showing complete specifications of product quantity, unit price and total value; Certificate of origin; Certificate of ownership transfer; Quality certificate issued by SGS at the seller’s cost; Packing list if applicable; Certificate non radiations; Bill of lading.

Standard Shipping Documents

Full set of the following documents will be presented: Two (02) original and three (03) copies of signed commercial invoice; Two (02) original and three (03) copies of B/L, clean on board prepaid and endorsed in blanch ocean B/L marked “freight pre-paid” issued to the order of buyer; One (01) original and three (03) copies of certificate of quality, quantity and weight inspection issued by SGS (or similar); One (01) original and three (03) copies of certificate of origin, issued by the chamber of commerce and industry of the country of origin; One (01) original and two (02) copies of shipping company statement confirming that the age of the vessel does not exceed twenty (20) years and the vessel is registered under Lloyds registry; One (01) original and two (02) copies of ‘Phytosanitary Certificate’ issued by the appropriate government authority in country of origin; One (01) original and two (02) copies of packing list showing: Gross / Net weight; The number of ocean B/L; Copy of charter party CRT; The insurance certificate in the buyer name covering 110 % of the cargo value from a reputed international mercantile insurance company.

Warning

PROOF OF PERFORMANCE PAST:

For legal and confidential, we do not present historical data from other Buyers, such as Invoices for shipments in the past BLs, Invoices from shippers, reports from SGS, Laboratory tests, Performance Bonds, POPs, Contracts, etc.., or any sample document that can break the rules of the ICC (International Chamber of Commerce) and be plagiarized or falsified. The real Proof of the Product will be presented by the Seller Bank to Buyer's Bank, at the right time of the negotiations, and through the POPs.

SAMPLES OR PICTURES:

Not available. The ultimate proof of the product is supplied by the Seller Bank to Buyer's Bank, which through shipping documents and Certificates confirming that the same will be delivered in accordance with international specifications and executed in accordance with the Contract.

SEE OR CHECK THE PRODUCT:

It will be permissible only in the place of embarkation, and after confirmation from the Banks agreed that all procedures were completed. Letter of credit: Irrevocable, transferable, confirmed and divisible; Issued and confirmed by banks included in list of the "TOP 50" of the best banks in the world.

Please Note

Any alteration in the procedures above described, will be informed by seller/buyer by the FCO/ICPO, by draft contract or still through of changes specific requested through messages exchanged among those involved in the negotiation.

The commercial condition proposed here together with the procedures may be subject to change by the owner of product without any previous notice.