ICUMSA 45 from brazil, partial POP after signed contract

Brazil ICUMSA 45 300 000MT for 12 months contract SOFT CORPORATE OFFER VALID FOR 5 BANKING DAYS PRODUCT & GRADE: white refined cane sugar Grade "A" - ICUMSA 45 RBU CROP: 2009/2010 ORIGIN: Brazil, South America, Port at Seller's option TOTAL QUANTITY: 300,000 MT SHIPMENT QUANTITY: 25,000 MT CONTRACT PERIOD: 12 months DESTINATION: CIF, ASWP PRICE: USD$400.00 per Metric Ton PERFORMANCE BOND: 2 % PACKING: 50 kg bags INSPECTION: S.G.S SHIPMENT: In 30 - 45 days after Receipt of Payment Instrument to the Seller's Bank SPECIFICATION: WHITE refined cane sugar ICUMSA 45 - FIT FOR HUMAN CONSUMPTION POLARIZATION: 99.80 % Minimum SULPHATED ASH CONTENT: 0.04% Maximum by Weight MOISTURE: 0.04% Maximum by Weight SOLUBILITY: 100% Dry & free flowing GRANULOMETRY: Medium to Fine COLOR: Sparkling White. Maximum, 45 ICUMSA RADIATION: Normal w/o presence of Cesium or Iodine, Certified SEDIMENT: None SMELL: Free of any odor REDUCING SUGAR: 0.05 % Maximum by Weight SO2: 20 PPM Maximum SUBSTANCE: Solid, Crystal MAGNETIC PARTICLES: mg/kg Maximum MAX AS: 1 PPM MAX PS: 2 PPM MAX CU: 3 PPM PROCEDURE: 1. The Buyer issues Letter of Intent (LOI) or an Irrevocable Corporate Purchase Order (ICPO). 2. Seller issues Full Corporate Offer (FCO) to Buyer. 3. Within 5 international banking days from receipt of this FCO by the Buyer, the Buyer signs, seals and stamps the FCO, and returns it to seller with BCL or Bank Endorsed Irrevocable Corporate Purchase Order (ICPO) or ICPO with Soft Probe Authorization from Buyers Bank. 4. SELLER issues Draft Contract and submits it to Buyer for examination and approval. 5. BUYER returns the agreed-upon Draft Contract, by facsimile or email attachment, duly signed and sealed. The Draft copy will be deemed legal by the Parties until Hard copies are printed, sealed, signed and exchanged. 6. SELLER sends four (4) Hard copies duly hand-signed by courier to Buyer, who shall duly sign & seal all copies and return two (2) of them to SELLER. 7. The Financial Instruments (Copy of LC) will be issued immediately through an MT-700 directly Buyers Bank. 8. The Proof of Product (POP) will be issued immediately through an MT-760 directly to Buyers Bank. 9. The Performance Bond (PB) of 2% (two percent) will be issued applicable to LC, seven (7)working days after receiving the LC. 10. First delivery and shipment commence as per schedule mutually agreed. Product Type: Sugar Type: Cane Sugar Form: Solid Processing Type: Refined Color: White Packaging: Bag, Bulk Weight (kg): 50 Place of Origin: Brazil

icumsa 45 from BRAZIL, seller shows past B/L after singing the contract and BCL (POF) PROCEDURE: SVS Traders issues FCO as this document. Buyer acknowledges this FCO and returns with ICPO with full banking and BCL. Seller issues the Draft Contract open for amendment. Buyer and Seller sign the Contract. Buyer opens Non-operative bank instrument. Seller provides POP and issues 2% PB to activate Buyer’s bank instrument. Loading commences within 30 – 45 days upon bank instrument being activated. Seller develops and submits the following documents to seller’s bank counters: A) Bill of lading – 1 original 3 copies B) Commercial invoices 1 original and 3 copies C) Certificate of origin 1 original and 3 copies D) Packing list 1 original and 3 copies E) Certificates of quantity, quality and weight inspection issued by sgs F) Insurance certificates for the shipment G) Phytosanitary certificate Buyer is allowed to visit loading port once the financial instrument, and the logistic of the vessels are in place. Payment releases by TT or Wire Transfer against each set of shipping documents from the loading port 100% at sight. SEPTEMBER 2010 SPOT ICUMSA 45 from BRAZIL QUANTITY MT QTY PER MONTH LC/MT103/23 12,500 12500 $485 25,000 25,000 $475 50,000 50,000 $465 75,000 75,000 $455 100,000 100,000 $445 200,000 200,000 $435 CONTRACT 12 months ICUMSA 45 from BRAZIL QUANTITY MT QUANTITY per month 1 BG/SBLC/RS 2 BG/SBLC/RS 150,000 12,500 $425 $415 300,000 25,000 $415 $405 600,000 50,000 $405 $395 900,000 75,000 $395 $385 1,200,000 100,000 $385 $375 2,400,000 200,000 $375 $365 Product Type: Sugar Type: Cane Sugar Form: Solid Processing Type: Refined Color: White Packaging: Bag ICUMSA: 45 Weight (kg): 50 Place of Origin: Brazil