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1 MILLION MT SUGAR.... ICUMSA 45
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One million metric tons of sugar
Method of Payment
$240.00 per metric ton
OPTION A AUTOMATIC REVOLVING FOR THE ENTIRE LENGTH OF
THE CONTRACT.
The Letter of Credit (DLC) must
be Automatic revolving, Irrevocable, transferable,
and divisible.
$225.00 per metric ton
OPTION B WITH THIS
OPTION THE BUYER IS NOT FINANCING THE ENTIRE DEAL UP FRONT.
If the buyer does not want to tie up 12 months
with an Automatic Revolving LC, he can do it in 3/ 3 month revolving
Letters
of credit. The fourth Letter of credit, will be for two months. This will add
up to 11 payments. The 12th and
final payment will already
be available to the seller. It will be a standby Letter of Credit or Bank Guarantee.
This
final payment will be opened at the beginning of the contract. If
the buyer defaults on the contract, the Standby
LC or Bank Guarantee will not
be returned.
189.50 per metric ton
OPTION C
The letter
of credit (DLC) must be
an automatic revolving one. The Letter
of Credit
(DLC) must be Irrevocable, transferable,
and divisible. Payment instrument must be
issued by/or confirmed by a
prime American or Western European bank.
1.Quantity cannot go below this figure.
2.Contract must be for no longer than one year.
3 The Last two payments must be (BG) Bank Guarantee or (SBLC) standby
Letter of credit. (No Exceptions) opened
at the
same time as the DLC.
If necessary your client can ship to a second port.
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