ICUMSA 45 SUGAR

  ORIGIN : BRAZIL

Here is the Sugar ICUMSA 45 procedures :

1.      The Buyer issues an Irrevocable Corporate Purchase Order (ICPO) with Full

Banking details and with Soft Probe Permit or an Irrevocable Letter Of Intent (LOI)

with Bank Comfort Letter (BCL).

2.      The Seller issues a Full Corporate Offer (FCO) to the Buyer.

3.      The Seller issues a draft contract to the Buyer.

4.      The Buyer returns revised draft contract to the Seller via, fax or email.

5.      The Seller reviews and confirms any changes made in draft contract by the Buyer. If

the Seller agrees to the changes made by Buyer, the Seller issues the final binding

contract via fax or email.

6.      The Buyer returns the final agreed contract duly signed and sealed via email or fax.

7.      The Seller will then scan the fully signed, sealed and initial Contract and email or fax

the “Soft Copies” to the Buyer.

8.      The Seller will issue to the buyer four (4) original hard copies of the contract via

courier to Buyer’s address as stated in the contract.

9.      Immediately upon receiving the Seller’s signed and sealed Hard Copies of the

contract via Courier the Buyer will personally sign and seal the 4 Hard Copies and

return two (2) originals by courier to the Seller.

10.    Within seven working days of the Buyer receiving the Seller’s signed and sealed Hard

Copies of the contract via Courier the Buyer will open an non operative payment

instrument to the Seller’s bank in exchange for Proof Of Product (POP) Bank to Bank

which will automatically activate non operative payment instrument into operative.

11.    The Seller will, within 5 working days of receipt of an acceptable operative payment

instrument, provide the Buyer with a 2% Performance Bond against confirmed value

of monthly shipment.

12.    Shipping of the product will commence within thirty (30) to forty-five (45) days from

date of Seller’s receipt of the acceptable operative payment instrument.