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Sell Brazilian Sugar ICUMSA 45
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/ Set
1 Set(Min.Order)
- 0 Set / Sets per Month
- T/T L/C D/P D/A
- 7 days
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Place of Origin: | China |
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Description:MENCHAN TRADING cc Brazilian Sugar ICUMSA 45 OFFER Prices in US$ / MT CIF ASWP with no USA sanctions for 12 month contracts For payment with bank guarantee (BG) per procedure below: 12,500 MT / mnth x 12 mnths @ 262 25,000 MT / mnth x 12 mnths @ 257 50,000 MT / mnth x 12 mnths @ 252 100,000 MT / mnth x 12 mnths @ 242 150,000 MT / mnth x 12 mnths @ 232 200,000 MT / mnth x 12 mnths @ 222 For payment with documentary letter of credit (DLC) per procedure below: 12,500 MT / mnth x 12 mnths @ 287 25,000 MT / mnth x 12 mnths @ 277 50,000 MT / mnth x 12 mnths @ 272 100,000 MT / mnth x 12 mnths @ 262 150,000 MT / mnth x 12 mnths @ 252 200,000 MT / mnth x 12 mnths @ 242 Please note that prices offered are net and are subject to change without notice Performance Bond - Strictly 2% Inspection: by SGS at loading port for sellers expense. Offer validity - to 10th March, 2007 Terms of Payment for 12 month contracts: The buyers bank will issue an Irrevocable, Transferable, Payment Instrument(s) to the favour of the seller as beneficiary. This payment instrument shall be either in Form (1) or Form (2) as set out below, which shall be issued or confirmed by a top 50 World Bank with the Instrument text to be provided by the buyer/buyers bank to the seller in writing in advance and mutually agreed and shall include the following terms: FOR PAYMENT UTILISING FORM (1): Either a bank guarantee (BG) with a specimen of it attached hereto as Appendix B, of face value equal to US$ XX,XXX,000 +-5% (United States Dollars, USD per metric tonne plus or minus five percent) being the last two months transaction value and a shipment by shipment wire transfer payable after presentation at the counters of the buyers bank of the verified documents required for payment of this agreement. FOR PAYMENT UTILISING FORM (2): A Documentary Letter of Credit (DLC), with specimen of it attached hereto as Appendix C, for US$ XX,XXX,000 +-5% (United States Dollars Million, USD per metric tonne plus or minus five percent) face value, and guaranteed by one month shipments value, monthly revolving, of US$ XX,XXX,000 +-5%, with partial delivery allowed and payment under the DLC to be by swift to the bank account of the seller after presentation to and verification of the documents required by the buyers bank for payment of this agreement. The transaction shall comply with and is subject to Uniform Customs and Practice (UCP) for bank credits of the International Chamber of Commerce, Paris, France. Contract Procedure: 1. Buyer sends Letter of Intent (LOI) with buyers full details and his banking detail 2. Seller sends contract to buyer. Buyer reviews and signs the contract and sends the signed document by email to the seller 3. Buyers bank sends to the sellers bank buyers preferred Pre-Advice of Payment Instrument, within five (5) working days of the buyer signing the contract. The seller and buyer mutually agree the text of the payment instrument 4. Seller sends bank Proof of Product (POP) and verification that the seller will open 2% Performance Bond (PB) within five (5) working days from receipt of the Financial Instrument 5. Buyers bank issues the agreed payment instrument per step 3 within five (5) international banking days of signature of the contract 6. Sellers bank issues the Performance bond within five (5) international banking days fro receipt of the buyers Financial Instrument 7. Deliveries and payment are made as per the terms of the agreement
Contact Us
- MENCHAN TRADING CC
- Contact nameMr. Patrick Chan
- Phone27-21-788 2618
- Address13b Royal Road, Muizenberg, Western Cape, South Africa Ningbo,Zhejiang
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