ICUMSA 45 Brazilian Sugar, below are the terms of the Buyer for the Confirmation from the Brazilian Refinery in order to avoid any misunderstanding /complications in future:1 COMMODITY: Refined White Cane Sugar - ICUMSA 452. SPECIFICATIONS: Color: Crystal WhitePolarization 99.80% minMoisture: 0.03% max by weightAsh Content: 0.03% max by weightICUMSA Rating: ICUMSA 45Solubility: 100% dry & free flowingRadiation: Normal internationally accepted limit w/o presence of cesium or iodine, certifiedMagnetic particles: 4 Mg / kSO2: 20 PP MaxTable Grade: StandardGranulation: medium to fine crystal grainSulphur Dioxide: 20 mg/kg Min.Sediments: NoneSmell: Free of any odorReducing Sugar: 0.05% Max by weightHPN Staph Aureus: NilMax AS: 1 PPMMax PB: 2 PPMMax CU: 3 PPMMax OS: 2 PPMSubstance: Solid CrystalFree from: Mold, unnatural odors, chemicals and insects Poisonous Phytosanitary certificateSeed Husks: of no radiation, no viruses, insect parts, no poisonous matter and non genetic / suitable for human consumption.3. TOTAL QUANTITY: 6000000 tons (One month shipment will be as trial lot)4. MONTHLY SHIPMENTS: 500000 tons per month (First month shipments is Trial lot as per Buyer’s choice)5. NUMBER OF SHIPMENTS: 50000 tons x 10 per month6. SHIPPING TERMS: CIF – (Cost Insurance & freight)7. ORIGIN: Brazil8. PORT OF LOADING: Any safe Brazilian Sea Port as per Seller’s choice9. DELIVERY SCHEDULE: Details of the Destination Port and Quantity to be provided in due course10. INSPECTION OF QUALITY & QUANTITY: By the SGS at Loading Port at Seller’s cost11. PORT OF DESTINATION: ASWP as per Buyer’s choice/requirement12. CURRENCY OF SALE: US$13. PACKING: To secure the safety of the commodity during Sea Transportation the Sugar is to be packed in new 50 (fifty) kilogram net double sacks, being one sack of polypropylene and the other of polyethylene. tare weight shall be 160 gram, minimum uniformity of bagged net weight is of the essence. Two percent (2%) spare bags shall be supplied by the Seller free of charge.14. PAYMENT TERMS: 100% Irrevocable Non Transferable Auto Revolving At Sight Letter of Credit to be issued by world top 100 Banks. Payment via MT10315. INSURANCE: 110% to be provided by the Seller at Seller’s cost16. SEA FREIGHT: To be borne by the Seller till final Port of Destination17. GOVERNING LAW: UAE18. TYPE OF CONTRACT: Yearly (after successful completion of Trail Lot)19. PARTIAL SHIPMENTS: Allowed20. THIRD PARTY DOCUMENTS: NOT ACCEPTABLE21. TAXES & DUTIES: All types of Demurrages, Incidental Charges, All types of Direct & Indirect Taxes / Duties of Country of origin to be borne by the Seller22. APPROVALS/ PERMISSION: All required Permissions/Approvals /License/ Documentation of Country of Origin will be obtained by the Seller at his own cost.23. PROOF OF PRODUCT: The Seller issues current dated SGS report in the name of the Buyer certifying the availability of the Product/stock (Brazilian Sugar- ICUMSA 45) in Brazil after signing the Contract/SPA. Available quantity/POP should be minimum covering two month’s shipments (1 million ton)24. WAREHOUSE VISIT: The Buyer is allowed to visit the Warehouse/Refinery in Brazil to verify the availability of the Stock. The Seller arranges all required documents/hotel etc for the Buyer.25. PARTIAL DRAWINGS UNDER LC: Allowed26. DOCUMENTS PER LIFT:a - Full set of Oceans Bill of Lading marked “Freight Prepaid” and “Clean on Board” issued and consigned ‘’to the order of’’ or in name of the Buyer.b - Commercial Invoice (each signed in original and stamped by Seller) c - Inspection Certificate of Weight and Quality, issued by SGS or similar, at Port of Loading showing type, quality and quantity shipped evidencing that goods are in full conformity with specifications and conditions mentioned in present contract.d- Certificate of Origin issued by or Endorsed by Chamber of Commerce of the Country of Origin.e - Insurance Certificate issued by Prime Insurance Company covering 110% of Invoice valuef - Phytosanitary Certificate declaring the product fit for human consumption.g. Health Certificateh- Packing Listi- Stowage plan in three (3) copies from the Shipping Company or Captain of the Ship. j Title of ownership to the Buyer27. SPA: To be provided by the Buyer28. PRINTING OF PACKING BAGS: Following matter to be printed on Packing Bags at Seller’s cost.a. Product Nameb. Originc. Net Weightd. Gross Weighte. Production Yearf. Expiry date29. PERFORMANCE BOND: Buyer issues 2% performance bond from top 100 banks to make the LC operative covering the value of one month shipment on revolving basis.30. VESSLE AGE: Up to 20 years acceptable31. TRANSSHIPMENT: Not Allowed32. GOVERNING LAW: UAE33. PROCEDURE1. LOI to be issued by the Buyer2. FCO issue by the Seller for Buyer’s review, amendment & corrections and signed by Buyer return back to the Seller3. Buyer issue Contract / SPA for Seller’s review & comments and signature and send back to the Buyer for signature4. Buyer signs the SPA and return to the Seller4.Upon receipt of signed SPA by the Buyer, within 2 days, the Seller arranges current date SGS Inspection Report as Proof of Product (POP) for minimum 2 months shipments (1 Million tons) along with Pro forma Invoice5. Buyer check the authenticity of the POP 6. After successful verification of POP by the Buyer, the Buyer issue Irrevocable Non Transferable Non operative At Sight Letter of Credit MT7007. The Seller post 2% PB to make the LC operative.9. Upon opening of operative LC , the Seller arrange invitation letter to Buyer for joint inspection with SGS to direct Loading if Buyer needs.10. Seller arranges shipment as per the delivery schedule.29. CIF PRICE: US$230 per metric ton (US$ Three Hundred Thirty per metric ton)KINDLY GO THROUGH EACH TERM CAREFULLY BEFORE CONFIRMATION.Regards Show More