5 Million Sugar

million mt sugar at $190 mt cif CommodityOrigin QuantityTarget PriceContract Value US$ 950.000.000,00 USD AMERICAN DOLARContract Basis CIF COST INSURRANCE FREIGHTfrom any port of Brazil Delivery SchedulePort of Loading Any portDestination Port ASWPPayment InstrumentPerformance BondInspection AgencyValidity of this Document 5 days Shipping documents A full set of the following documents will be issued in 01 original and 03 copies:Quality, quantity, weight, by SGS, or equivalent company. 2% (Two Percent) by Sellers bank in favour of Buyer, in any shippment. Full Fundry Irrevocable, Transferable, Divisible, stand by Letter of Credit, Operative, Inconditional, confirmed by Major International bank at Buyers expense, made payable 100% at sight against valid set of shipping documents or BG Bank Guarantee 100% CONFIRMED., Brazil Issuing of financial instrument in 30-45 days after the receipt of the operative Letter of Credit. US$ 190.00 (per MT Metric Ton) 5.000.000 M/T3/3 full set of Bill of Lading marked "freight prepaid" and "clean on board" made out to the order of Buyer and consigned to order.Signed commercial invoiceCertificate of origin issued by the Chamber of Commerce or Ministry of Industry and TradePacking list showing gross/net weight and number of Bill of LadingCertificate of weight, quantity and quality inspection issued by a world class Inspection Agency as set forth above.Phytosanitary certificate issued by competent authority stating that the product is fit for human consumptionRadioactive elements certificate issued by competent authorityStatement from the shipping company stating that vessel is not older than 20 years of ageCertificate of insurance issued by first class insurance company for 110% of invoice valueBeneficiarys certificate stating that hard copies of all shipping documents have been sent to the Buyers bank via first class international courier companyBuyer issues LOI (this document) including full banking detailsSeller issues Full Corporate Offer (FCO) and sends it to BuyerBuyer counter-signs and seals the FCO and returns it to SellerSeller sends the Contract with full terms and conditions.Buyer signs the Contract, seals it and returns it to Seller by fax or e-mail along with draft L/C for Sellers review.Seller sends five original copies of the Contract to Buyer via DHL or FedExImmediately after Sellers approval of the draft L/C, Buyer opens the operative L/CWithin 15 international banking days as of the receipt of the operative L/C, Sellers bank posts the Performance Bond (PB)Within 15 international banking days as of the receipt of the operative L/C, Sellers bank sends Proof of Product (POP) by any shipment in the time is ready the cargo to delivery, via SWIFT to Buyer BankLoading initiates as per schedule supplied in the contractPayment is collected against valid set of documents.Buyer has the right to appoint, at own expense, a representative to attend the loading operations.