TERMS, PROCEDURE, PAYMENT & DELIVERY
Proof of Funds Submission
Within 5 banking days after all parties electronically sign this FCO, the Buyer must provide Proof of Funds (RWA, BCL with full bank responsibility, or MT799 SWIFT) via Bank-to-Bank Secure Email or as mutually agreed. A copy must also be sent to the Sellers legal/financial department.
SPA Issuance & Review
Upon bank verification of funds, the Seller will issue the SPA (Sales Purchase Agreement) with room for minor amendments, if necessary, and send it to the Buyer for review.
Partial Proof of Product
Within 5 days of SPA approval, the Sellers bank or lawyer will provide the following notarized documents to the Buyer:
Certificate of Origin
Commitment to Supply
Proof of Product Existence
Final SPA & Digital Signing
Buyer submits amendments (if any). Seller finalizes the SPA and initiates a DocuSign or similar system for all parties to sign.
Issuance of SBLC (MT760)
After SPA is signed, the Buyer issues an SBLC (MT760) within 5-7 banking days to the Sellers designated bank account.
Performance Bond Issuance
Upon verification of SBLC, the Seller provides a 2% Performance Bond within 5 banking days.
Logistics & Shipment
Within 20-30 banking days, the Seller initiates packaging, inspection, loading, and shipping. Buyer may attend the inspection and unloading.
Payment & Ownership Transfer
Buyer receives original supply documents via their bank and an emailed copy.
Buyer instructs MT103 payment upon receipt of agreed documents.
Payment must be received within 3 banking days.
Once Sellers bank confirms payment, ownership transfers immediately, and a Certificate of Title Transfer is issued.
Ongoing Deliveries & Contract Completion
This process repeats until the contract is fulfilled.
Seller pays intermediaries through a paymaster (preferred).
DOCUMENTS PROVIDED FOR PAYMENT (3 Originals & 3 Copies)
Bill of Lading (marked "Prepaid Freight" & consigned to Buyer)
Commercial Invoice (signed & stamped)
SGS or Equivalent Inspection Certificate (Weight, Quality, Packaging)
Insurance Certificate (110% coverage from a Top 25 Insurer)
Certificate of Origin (Issued by the Chamber of Commerce, confirming Brazil origin)
Certificate of Fumigation & Radiation
Product Specifications:
Polarization: 99.80° min.
Ash Content: 0.04% max.
ICUMSA: 45 RBU
Solubility: 100% dry & free-flowing
Color: Sparkling white (Max 45 ICUMSA units)
Moisture: 0.4% max.
Magnetic Particles: 4Mp/k
SO: 70 Mg/kg max.
Reducing Sugar: 0.05% max.
Sediments: None
Crop Year: 2023 or newer
I am seller of refined white sugar IC45 from Brazil.
Payment LC for QTY major, than 5x(40") containers. Less QTY, payment TT.
I don´t ask upfromt any % of deposit for countries of Europe, because it is easy for me to travel quickly to the destination port and close the deal in the same place. I need signed contract between me and the buyer and his bank, which have to be TOP 10 banks.
Once the buyer receive his containers in his port and check the goods, his bank automaticly will transfer the full amount of money in to my account. I will bring the sample of 1 container to his port by my own charges. If the QTY is more than 5 containers, I accept DLC, Nontransferible. Less than 5 containers, I accept only 100% TT payment, after the buyer receives his containers in his destination port.
Please, put your email and whatsup contact dates in your first reply!
CIF/DDP /OTG/DLC /TT Brazilian high-quality white sugar
Payment: TT/SBLC /BG
A: Brazil original
Spot CIF price: $316 MT including $20 commission
SBLC/BG /DLC DDP price: $ 316 inclusive $ 20
E. Commission structure
1, $20 from you
2. 60%/40% price increase for buyers/sellers
F: Quantity 1, 200,000 tons in stock. 2, futures 1-2 hundred per month.
2. Province of Santiago, Brazil.
H, standard operating procedure:
1. NCNDA, ICPO, KYC
2. Draft SPA
3. SPA signing & IMFPA signing
4. The buyer's lawyer shows the proof of funds, the seller's lawyer ABO shows the transaction records of the factory or dealer, SGS, etc., including previous successful cases with Chinese companies
5. Payment method: LC /TT/BG/SBLC /TT
6. Inspection 103TT to pay buyer's port/warehouse
7. Rolling funds.
Seller/Name: ABO INTERNATIONAL GROUP LTD
Price valid time: From May 29th, the price will start to change after June 10th
White Refined Cane Sugar IC45
Brazil Origin
Spot & Annual Contract
to 12.500 MT from 300.000 MT x month
CIF / FAS / DDP USA
Destination ASWP
Payment SBLC or DLC Transferable
2% PB (only for contract)
Supplier: Petroleum products, ic45 white sugar, coffee beans, cocoa and commodities in general Services: Brokerage, consultancy, scouting and logistics assistance Buyer: Petroleum products, ic45 white sugar, coffee beans, cocoa and commodities in general
