- Company Name:Janalamelph Co Ltd
- Membership:Free Member
- Registration Date:2012. 03.14
- City:north west
- Related Keywords:REFINED SUGAR
WHITE REFINED SUGAR ICUMSA 45
I can provide ICUMSA 45 (White Refined) and ICUMSA 600-1200 (Raw) from Brazil.
Procedures and Terms:
1- Buyer issues the following documentation:
NOTE: Seller will not issue FCO or Price Quotation without receiving the above mentioned documentation.
2- Seller issues Draft Contract in favor of the Buyer.
3- Buyer and Seller will sign the Contract only digitally via email.
4- The Buyer’s bank or the buyer will send a draft SBLC with the complete wording
5- On buyer’s request, only after receipt of the Draft SBLC from the buyer’s bank, the seller will send via mail two signed Original contracts and the Pro Forma Invoice.
6- The payment instruments have to be issued, confirmed and guaranteed by a TOP 50 world prime bank or have to be confirmed by a top 50 world bank acceptable to the Seller.
7- Upon receipt of the Operative, Irrevocable, Confirmed, Divisible, Transferable, Assignable, Unencumbered SBLC, from the Buyer’s Bank, the Seller will send within 10 days, via courier or Swift, at Seller’s choice, the “Proof of Product” (POP) in the form of a hard copy POP, and 2% performance bond.
8- The initial shipment of product loads within 30-40 days from the date of receipt by the seller’s bank of the operative, confirmed and transferable Standby Letter of Credit.
9- Bank contact is only permitted between the buyer’s bank and the Seller’s bank. Direct contact with the Seller’s Bank by the buyer will be considered as contract breach, liable to pay an indemnity of 2 % over the non delivered goods.
TERMS OF PAYMENT FOR SPOT:
BUYER’S BANK PAYMENT INSTRUMENT (DLC OR MT 103/23) WILL BE AN IRREVOCABLE,FULLY FUNDED, TRANSFERRABLE, UNENCUMBERED, DIVISIBLE , OPERATIVE,CONFIRMED AND ASSIGNABLE DOCUMENTARY LETTER OF CREDIT OR MT103/23. COVERING THE CONTRACT VALUE WITH A VALIDITY OF TWO (2) MONTHS. PAYMENT OF EACH SHIPMENT WILL BE DEDUCTED FROM THE DLC OR MT 103/23 AND PAYABLE 100% AT SIGHT INTO THE SELLER’S BANK WITHIN FIVE (5) BANKING DAYS FROM THE DATE OF PRESENTATION OF SHIPPING DOCUMENTS.FINANCIAL INSTRUMENTS SHOULD BE ISSUED AND OR CONFIRMED BY A TOP 50 WORLD BANK ACCORDING TO THE ICC 600 LATEST PUBLICATION. FOR SPOT, NO PERFORMANCE BOND AND NO POP WILL BE ISSUE BY THE SELLER.
TERMS OF PAYMENT YEARLY CONTRACT:
BUYER’S BANK PAYMENT INSTRUMENT WILL BE AN IRREVOCABLE,CONFIRMED, TRANSFERRABLE, UNENCUMBERED, DIVISIBLE AND ASSIGNABLE STAND BY LETTER OF CREDIT COVERING ONE (1) MONTH SHIPMENT QUANTITY AND VALUE THAT WILL ACT AS A COLLATERAL SECURITY GUARANTEE TOWARDS SUCCESSFUL COMPLETION AND LIFTING OF THE CONTRACTED QUANTITY WITH A MATURITY DATE OF THIRTEEN (13) MONTHS.THIS SBLC WILL SERVE AS PAYMENT FOR THE LAST MONTH SHIPMENT .PAYMENT OF EACH SHIPMENT WILL BE MADE BY DLC OR SWIFT MT 103/23 PAYABLE 100% AT SIGHT INTO THE SELLER’S BANK WITHIN FIVE (5) BANKING DAYS FROM THE DATE OF PRESENTATION OF SHIPPING DOCUMENTS.
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Business Registry Number: 120-86-03931