• date_rangePosted On :   Nov 27' 2006
  • location_cityCity :   Louisiana
  • languageCountry :   USA
  • content_pasteEnquiry No. :   6112750

Soft Corporate Purchasing Offer/LOI/ICPO
We, buyer, through its agent, confirms that signer below is
duly authorized, and that buyer is willing and able to buy,
subject to contract, the following:
Crude degummed soy bean oil -cdsbo- for industrial and edible uses
Under the following terms and conditions:
Commodity: crude degummed soy bean oil -cdsbo-
Specification: Below
Origin: Americas
Quantity:5,000 -12,500 metric tons per month, for twelve
consecutive months
Price:590 USD per metric ton, CIF ASWP
Payment: Documentary Letter of Credit, automatic, revolving,
transferable, divisible, irrevocable, payable 100% against
presentation of shipping documents as per contract, issued
and confirmed by a prime bank in favor of the Seller.
Performance Bond:2.0% -Two Percent- of the value of the
purchasing Letter of Credit
Initial Shipment: Within 30-45 days after the financial
instrument is in place at Sellers bank and thereafter,
according to the Agreement
Packing: In Bulk by ship
Destinations: Istanbul, Mersin, Chittigong, Durban
Inspection: By SGS or equivalent at Sellers expense, quality
and quantity in Loading Port
Quality: The oil shall be of good merchantable quality of the
agreed description and contractual specification at time
of delivery

Buyers Full Information will be provided by ICPO or LOI +
BCL after receipt of soft FCO or draft contact by seller who
shows requirements can be filled

Specification:
Crude Degummed Soy Bean Oil
Analysis Specifications
Acidity -FFA- 1.0 % max - Expressed as oleic
Moisture and volatile matter 0.20% max
Impurities -insoluble in petrol ether-: 0.10 % max.
Unsaponifiable matter -test as per NSPA- 1.25 % max
Sediment -gardner break test- 0.10 % max
Lecithin -expressed as phosphorus-: 0.02 % max
Color -Lovibond- Yellow 50 max; Red 5 max
Flash point: 250 deg C

Duration of this offer:10 banking days from date following
Date: 25 November 2006

Yours sincerely, by its Authorized Officer:

Recommended procedures: buy

1. -On behalf of Buyer- sends soft ICPO and
Solicits soft offer to sell or FCO from Seller
2. Buyer responds with hard ICPO/LOI and BCL with
full Company and Banking disclosures
3. Seller issues draft Contract, and Banks exchange Proof
of Product for Proof of Funds
4. Parties exchange hard copies of Final Contract
5. Buyer issues Non-operative L/C, awaiting Sellers issuance
of Performance Bond
6. Inspection of product, L/C opens, Funds transfer,
Shipment begins as per Final Contract

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