buyer for SUGAR GRADE A - ICUMSA 45

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buyer for SUGAR GRADE A - ICUMSA 45

Post  Admin on Wed Sep 19, 2018 7:32 am

Only buyer CIF trade procedure, CIF price and CIF bank instrument IDLC, which can work as follows:

BUYER ACCEPT CIF PROCEDURE AND CIF PRICE:


Dear Mr/Madam.



IRREVOCABLE CORPORATE PURCHASE ORDER



We  XXXXXXXXXXXx  take this opportunity to declare our intention to purchase the REFINED SUGAR GRADE A - ICUMSA 45 for Origin : Brazil, The Quantity of 50000 MT X 12 Months for one Ships, for CIF Any port China. We declare that we are duly organized and existing under the HONGKONG/CHINA and federal law.

NAME OF PRODUCT:REFINED SUGAR GRADE A - ICUMSA 45

ORIGIN: Brazil or Colombia

TOTAL QUANTITY:
1. Quantity 600,000 metric tons for One years.The Quantity of 50,000 metric tons X12 months for one ships shipment,The CIF Fixed price of Net $240.00 per Metric tons to buyer.

CONTRACT DURATION:The Quantity is 50,000 metric tons X12 months.

COUNTRY: HONGKONG/CHINA

DESTINATION PORT: Shanghai port or Qinzhou port, China or any discharge port.

DELIVERY: CIF CHINA

OPERATION: EXPORT QUOTAS

PAYMENT METHODS:MT700 IRDLC to guarantee and Pay via MT103 T/T .

Note: the buyer's bank cannot pay the full amount to a third party bank account.

BANK INSTRUMENT:
THE BUYER’S BANK NAME IS BANK OF CHINA IN CHINA - QINGDAO TO ISSUE IRDLC MT700([The buyer's Bank (The top 50 of the World Bank) issue DLC MT-700 is irrevocable , non-transferable and indivisible, The Documentary Letter of Credit is valid for 45 days of After bill of lading from the loading port, and then, after the expiration, the buyer bank issue a new DLC for 45-60 days of monthly.] TO SELLER’S BANK AND THE SELLER’S BANK ISSUE A revolving The is valid for one yeary and one days of 2% Performance bond TO BUYER BANK Via SWIFT MT760.

THE DISCHARGE PORT Q&Q REPORT / COMMERCIAL INVOICE,THEN BUYER BANK ONLY MT103 T/T PAY TO SELLER BANK.

CIF FIXED PRICE :REFINED SUGAR GRADE A - ICUMSA 45:

The CIF Fixed price of Net $ xxxxxxxxxxx per Metric tons to buyer.

COMMISSION:Seller pay commission  


BUYER ACCEPTED ROCEDURES OF TRANSACTION (CIF)

1. Buyer issues LOI + Company Registration + buyer's passport.

2. Seller issues Contract Open and Export certificate and clearance certificate for Amendments.

3. Buyer counter signs and seal the contract and sends via email to Seller.

4. Buyer bank issues MT 705 Notification letter of documentary letter of credit to seller bank via SWIFT. within seven days after receiving signed contract from Seller or The buyer gets the sugar import quota On Aug 20-30,2018 from that day of Chinese government approves it, In the period around 20-30th August 2018 or delay a period of time.

5. Seller Bank issues inoperative(no-activate), revolving, 2% Performance bond to Buyer Bank via SWIFT. within five days after receiving from Seller. MT 705 Notification letter of documentary letter of credit from Buyer's bank.

6. After the buyer confirms, the buyer's bank issue The Documentary Letter of Credit is irrevocable, non transferable and indivisible, valid for 60 days , Each shipment value $12,000,000.00 the documentary letter of credit MT700 to Seller bank Via SWIFT.

7. The seller bank issue revolving, valid for one year and one days, 2% Performance bond to buyer bank via MT760.

8. Seller bank issues FULL PROOF OF PRODUCT, The all original document is from the loading port And QNQ CI from discharge port to buyer bank counter via DHL or FedEx(Federal Express). which will consist of the following documents:

1). Bill of Lading, three (3/3) copies.

2). Commercial Invoice, three (3/3) copies(Q&Q report of discharge port ).

3). Certificate of Origin, three (3/3) copies.

4). Certificate of Quality and Quantity Issued by SGS, three (3/3) copies.

5). Certificate of Quality and Quantity Issued by SGS/CIQ, three (3/3) copies(in dischatge port).

6). Phyto-sanitary Certificate, three (3/3) copies.

7). Charter Party Agreement

Cool. Certificate of Ownership (Title)

9). Export Clearance Permit (NPA waiver, Custom Clearance Certificate etc.)

10). Q&Q Inspection Report Performed at Discharge Port by CIQ

11). Other relevant documents related to the cargo.

9. After seller shall instruct ship's captain to discharge cargo and The buyer bank received all documents required and COMMERCIAL INVOICE from seller bank. buyer bank release payment via MT103/TT to seller bank after inspection at port 100% payable for each discharge and CIQ conduct inspection on the goods and send Q&Q report within 3-7 banking.

10. Seller pays commission  

11. Upon receipt of the commercial invoice from Seller, the buyers Bank shall issue the next documentary letter of credit to the sellers Bank, valid for 60 days, and a new DLC will be issued monthly for payment of each shipment to the guarantee.within 3-5 banking.

Buyer Bank details:

1.Everbright bank of China

2.China merchants bank

3.China construction bank

4.Bank of China

(PREFERABLY FROM TOP 50 BANK IN CHINA)

BANK NAME:BANK OF CHINA(SHANDONG)QINGDAO

BANK ADDRESS:No. 20, Zhuhai Zhong Lu, Jiaonan Huangdao-Qingdao, China.

ACCOUNT NAME:

ACCOUNT NO:NRA 1111111111XX

ACCOUNT CODE:376218204

+++++++++++++

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