Sugar Icumsa 45



WORKING PROCEDURES Sugar :



1. THE BUYER ISSUES ICPO + RWA/BCL AS POF (PROOF OF FUNDS)

2. SELLER/EXPORTER ISSUES FCO (FULL CORPORATE OFFER)

3. BUYER RETURNS SIGNED AND STAMPED FCO AND DRAFT OF DLC/SBLC

4. THE SELLER ISSUES THE DRAFT CONTRACT

5. BUYER RETURNS DRAFT SIGNED, STAMPED, AND SCANNED BY EMAIL AND WILL BE CONSIDERED A LEGAL PURCHASE AND SALE AGREEMENT UNTIL COPIES ARE EXCHANGED.

6. THE SELLER ISSUE COMMERCIAL INVOICE

7. THE BUYER RETURNS THE STAMPED AND SIGNED THE COMMERCIAL INVOICE

8. BUYER SUBMITS DRAFT OF DLC/SBLC

9. THE SELLER RETURNS THE ABOVE BANK INSTRUMENT WITH POSSIBLE CHANGES

10. SELLERS BANK ISSUES RWA GUARANTEEING ABILITY TO SUPPLY.

11. THE BUYERS BANK ISSUES THE DLC/SBLC

12. THE SELLER ISSUES THE PB 2% WITHIN 7 BANKING DAYS

13. THE BUYER WILL RECEIVE AN INVITATION LETTER TO ACCOMPANY THE SHIPMENT AT THE PORT

14. WITHIN 30-45 DAYS THE SHIP WILL BE LOADED

15. PAYMENT AGAINST BL, SGS, SHIPPING DOCUMENTS

16. SHIPS RELEASE

ADDITIONAL NOTES:



1. WE DO NOT SHOW PREVIOUS DOCUMENTS.

2. BUYER MAY BE OFFERED PAYMENT AT DESTINATION PORT WITH A NON-TRANSFERABLE SBLC.

3. ALL FINANCIAL INSTRUMENTS MUST BE FROM OR CONFIRMED BY A TOP 50 WORLD BANK.

4. ALL PRICES INCLUDE $5 COMMISSION FOR THE BUYERS SIDE. OVER PRICING IS ALLOWED, BUT THE SELLER TAKES BACK 50%.

 5. VISITS TO THE PORT ARE APPROVED BY THE PORT AUTHORITY AND VISITORS ARE SUBJECT TO A SECURITY CLEARANCE FIRST.

 6. POF CAN BE A BCL, RWA OR BANK TEAR SHEET. ALL POF MUST NOT BE OLDER THAN 5 DAYS AND MUST BE SIGNED BY 2 BANK OFFICERS.

7. PRICES ARE NOT NEGOTIABLE. 8. TRIAL ODERS ARE CONSIDERED SPOT ORDERS AND PRICED ACCORDINGLY