Scribd Logo
Upload

Welcome to Scribd!

  • 692 views

    ICPO Sugar ICUMSA 45

    Uploaded by

    Kaio Pirolo
    The document outlines an agreement for the purchase of 100,000 metric tons of sugar from Brazil over 12 months. Key details include a purchase price of $375 per metric ton CIF, payment via irrevocable documentary letter of credit, and specifications for the sugar.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    ICPO Sugar ICUMSA 45

    Uploaded by

    Kaio Pirolo
    692 views2 pages
    The document outlines an agreement for the purchase of 100,000 metric tons of sugar from Brazil over 12 months. Key details include a purchase price of $375 per metric ton CIF, payment via irrevocable documentary letter of credit, and specifications for the sugar.

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document outlines an agreement for the purchase of 100,000 metric tons of sugar from Brazil over 12 months. Key details include a purchase price of $375 per metric ton CIF, payment via irrevocable documentary letter of credit, and specifications for the sugar.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    692 views2 pages

    ICPO Sugar ICUMSA 45

    Uploaded by

    Kaio Pirolo
    The document outlines an agreement for the purchase of 100,000 metric tons of sugar from Brazil over 12 months. Key details include a purchase price of $375 per metric ton CIF, payment via irrevocable documentary letter of credit, and specifications for the sugar.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Ref No: 25/05/ 2023

    Irrevocable Confirmed Purchase Order


    To: Messrs. Trans Euphrates Trading FZ-LLC

    With this letter of Intent hereby, as Buyer’s company name, we are ready, willing, and able to purchase the
    product mentioned as following:

    COMMODITY: SUGAR ICUMSA 45


    ORIGIN: BRAZIL
    SPECIFICATIONS: ICUMSA 45 FIT FOR HUMAN CONSUMPTION
    PACKAGING: IN BAGS OF 50KG
    TOTAL QUANTITY: 100.000 MT X 12 Month
    DESTINATION PORT: Destination Port
    PAYMENT: Buyer issue MT700 DLC Transferable payable at sight from top 50 banks
    BANK FOR PAYMENT: Bank Name
    AGREED PRICE: $ 375/MT CIF

    BUYER DETAILS

    Company:
    Person In Charge:
    Designation:
    Mobile No:
    Email:
    Commercial Reg #:
    Address:
    Bank For Payment:
    Address:
    IBAN:
    Account Name:
    Bank Officer:
    Mobile:
    Telephone:
    Email Address:
    Website:
    SWIFT :

    Procedures:
    A) Buyer issue a LOI / ICPO signed by the End Buyer.
    B) Seller issue a FCO to the Buyer. Buyer shall sign the FCO to accept the terms offered.
    C) Buyer issue ICPO with full bank details, Commercial registration, passport copy, BCL and RWA.
    D) Seller provides draft contract “SPA” for both parties amendable and signing via electronic medium is
    acceptable. Both parties lodged copy of signed contract to their own bank respectively.
    E) SPA will have business documents: Commercial registration, passport copy, bank details of both parties.
    Seller has all needed certificates to export to Country Name.
    F) After the agreement is effective, the buyer will provide POF “Proof of Fund” MT 799 /DLC Draft $37.5
    M MT705 from the issuing/confirming bank.
    G) The seller shall provide the Proforma Invoice and the CIS / KYC of the seller's specified beneficiary
    company in which the Seller assigned to receive the Documentary Letter of credit. Buyer's bank shall
    issue draft Operative, Irrevocable, Transferable. Divisible And Payable Documentary Letter of credit for
    the order face value respectively within 5 banking days to the seller's assigned beneficiary bank after
    receiving Proforma Invoice and the CIS / KYC from the Seller.
    H) Upon the confirmation of the Draft LC by the seller’s bank, the buyer will issue the DLC which has the
    amount of the L/C of the monthly order value is $37,500.000.
    I) Documents will be released of each shipment to Buyer after 9 workable days to be paid by MT-103 by
    Buyer’s Bank according to the Contract.
    J) Buyer will pay 2% of the Contract value in case of failing to open the DLC within 7 days from the date of
    the PI.
    K) Seller provides 2% Performance Bond for the contract value.
    L) Buyer and Seller both appointed International Surveyor Company (SGS) shall conduct an assay of the
    cargo at the Loading Port. The inspection fee shall be paid by the seller.
    M) Seller provides full set of Proof of Product (POP) documents stated as below:
    i. Certificated of Origin,
    ii. Product inspection report,
    iii. Warehouse Report (Warehouse Receipt)
    iv. Export permit
    v. Laboratory analysis report.
    vi. GACC & AQSIQ certificates in case of shipping to China
    vii. All other documents deemed necessary by both Parties.
    N) The seller provides part or all the marine BILL OF LADING within 15 calendar days after the seller
    checks the validity of the letter of credit issued by the buyer.
    O) The seller shall arrange and pay customs duties at the place of shipment .
    P) Payment will be released against DLC after Bank presentation of all Original Shipping Documents
    including Bill of Lading and Passed SGS at Origin Port.

    REFINED CANE ICUMSA 45RBU SUGAR


    • Country of origin: BRAZIL • So2: 20 mg/kg max
    • ICUM SA Rating: ICUM SA 45 RBU attenuation • Magnetic Particle: 4 mg/kg max
    index units (Method#: 10-1978) • Reducing Sugar: 0.010% max by weight
    • Polarization: At 20-degree C (99.80 % min) • Poisonous: Phytosanitary certificate
    • Ash Content: 0.04% max by weight • Sediments: None
    • Moisture: 0.04% max by weight • Max AS: 0.5 P.P.M.
    • Solubility: 100% dry and free flowing • Max PS: 2 P.P.M.
    • Colour: Crystal Sparkling White • Max CU: 1 P.P.M.
    • Granulation: Fine • Max CD: 0.05 P.P.M
    • Table Grade: Standard • LEAD CONTENT: Not more than 0.05% Maximum
    • Substance: Solid Crystal • Max HG: 0.01 P.P.M
    • Smell: Free of any odour, unusual or abnormal • Max ZN: 3.O P.P.M
    smells • Bacillus per gram : Nil
    • Radiation: Normal internationally accepted limit • PHOTOXIN: 0.01
    without presence of Caesium or iodine • Crop year: most current available

    Company Name
    Representative Name
    Designation

    Seal & Sign


    .……………………………………..

    You might also like