Product detail:
Spec:
polarization: 99.8%min
moisture: 0.04%max
ash content: 0.04%max
ICUMSA 45RBU
solubility: 100% free flowing
granulation: standard
radiation: normal
PACKING: 50 kg poly-lined bags
PMT TERMS: Irrevocable LC that can be confirmed by Union Bank of Switzerland
(payment 100% at sight or deferred 120 days from b/lading date [interest
costs for buyer's account])
MIN ORDER AND SHIPMENT QTY - 12500mt.
PRICES FOR REFINED WHITE CANE SUGAR ARE AS FOLLOWS:
12,500mt 430US$/MT
25,000mt 400US$/MT
50,000mt 370 US$/MT
100,000mt 350US$/MT
ASSUMING ONE DLC FOR ENTIRE CONTRACT VALUE
PROCEDURES: buyer to issue LOI with FULL banking details
seller to issue pro forma
buyer's bank to furnish proof of funds to seller's bank
seller's bank to furnish proof of product to buyer's bank
buyer's bank opens LC operative upon receipt of 2% bond
seller's bank issues 2% performance bond
LC becomes operative and shipment commences 35 days thereafter.