• date_rangePosted On :   Nov 26' 2006
  • location_cityCity :   Dubai
  • languageCountry :   UAE
  • content_pasteEnquiry No. :   6112674

Please find herewith our inquiry for Brazilian
Sugar with terms & conditions:
1. Qty 50,000 mt, Destination CIF Um Qassir Port, Iraq,
Payment by revolving letter of intent for each shipment,
Performance bond guarantee 5%, Delivery 35 - 45 days from
receiving acceptable letter of credit, Packing 50 kg net
(ML 50 kgs not acceptable) new PP sea worthy bags,2% empty
bags.

(2)Qty 100,000 mt,8 separate shipments, Destination CIF Dubai
Port, UAE, Payment by revolving letter of intent for each
shipment, Performance bond guarantee 3%, Delivery 35 - 45
days from receiving acceptable letter of credit. Packing 50 kg
net (ML 50 kgs not acceptable) new PP sea worthy bags,2%
empty bags.

(3)Qty 12,500 mt., Destination CIF Dar-El Sallam Port,
Tanzania, Final destination Burundi, Payment by documentary
sign Letter of Credit, Performance bond guarantee 3%, Delivery
35 - 45 days from receiving acceptable letter of credit,
Packing 50 kg net (ML 50 kgs not acceptable) new pp sea worthy
bags,2% empty bags, Origin Brazil, grade Icumsa 45,

Closing Procedure:
1. Seller sends soft offer by e-mail.
2. Buyer accepts offer and sends Letter of Intent.
3. Seller issues Full Corporate Offer (FCO) to Buyer
(valid for 21 banking days)and references for previous
transactions made to Middle East not more
than 3 months old plus clear copies of SGS warehouse report
not than 3 weeks old.
4. Buyer signs FCO and returns to Seller along with Letter
of Credit (LC) format.
5. Seller and Buyer exchanges Proof of Funds and Proof
of product Bank to Bank via Telex Transfer.
6. Seller sends draft contract, Buyer review (amend if
necessary), fill out from his side including bank coordinates,
initials each page, sign and seal last page on Buyer side and
return the draft contract to the Seller.
7. Seller sends hard copy of contract (6 copies) by courier
mail, Buyer initials each page, sign and seal last page on
Buyer side, buyer keeps 2 copies and returns 4 copies to
the Seller.
8. Seller Bank sends Pre-Advise PB letter confirming that they
will place the Performance Bond to activate Buyer\\\'s
non-operative letter of credit.
9. Buyer Bank receives Pre-Advise PB letter from Seller Bank
and immediately places non-operative Letter of Credit.
10. Seller Bank places the Performance Bond within 5 working
days upon accepting the non-operative LC (instrument) to
activate Buyer's Letter of Credit.
11. Shipment as per agreed schedule.

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