PROCEDURES TO PLACE AN ORDER FOR SUGAR

Please fill out Basic Form for a soft quote (CIF-ASWP)
Prices are valid for 72 hours.

1. Buyer sends to Seller
a. LOI on buyer’s letterhead.
b. BCL signed by bank officer on bank letterhead.
2. Prior to sending a Draft Contract seller will send buyer an FCO. Upon approval of FCO, seller sends Buyer a Draft Contract
and Proforma Invoice.
3. When Buyer and Seller agree on terms, both parties sign the Formal Contract .
4. Within a specified time as stated in contract, buyer opens a Pre advise non-operative financial instrument (DLC. SBLC, BG)
5. Sellers bank provides buyers bank with a 2% operative PB along with POP. This automatically activates the financial Instrument.
6. Shipment commences as per contract. 30-45 days after DLC is activated.

METHOD OF PAYMENT

The letter of credit DLC must be an automatically revolving one, unless it is a one-time order. The Letter of Credit (DLC) must be irrevocable, transferable, confirmed, and assignable . Payment instrument must be issued by/or confirmed by a prime American or Western European bank. (First Class World Bank).

Option
If buyer is not able open an (ARDLC) Automatic Revolving Documentary letter of credit Buyer can open two automatic Revolving Transferable Letters of Credit. As soon as the last boat for the month leaves port, another Letter of credit must be opened. Must always be a LC opened at all times - not including the (BG) Bank Guarantee. Buyer must also open A (BG) Bank Guarantee for the 12th and final payment. This will lock in the price for the year.

* Note - If buyer is not able to open A (BG) Bank Guarantee for the 12th and final payment. The buyer must understand that prices may change.

All Letters of Credit are to be paid against documents, each and every delivery, for the duration of the contract term.

Inspection- SGS inspection done by exporter (seller) at loading port. (Brazil) (Paid By Seller)

**We are strict in insisting upon these fair and clear procedures to proceed with any kind of business. **

BUY SUGAR NOW

PROCEDURES TO PLACE AN ORDER FOR SUGAR