to: xxxxxxxxxxxxx xxxxxxxxxxxxx 30
september 2009bank endorsedirrevocable corporate purchase order
icumsa 45effective as of xx xxxxx 2009 (valid 7 days)dear sirs,i
xxxxxxx on behalf of the buyer xxxxxxxxxxxxx hereby confirm with
full corporate responsibility, that we are ready willing and able
to transact and purchase the commodity detailed below, with the
following specifications, terms and conditions. sales and purchases
will be based on international procedures. the buyer: address:
xxxxxxxxxrepresentative: mr. xxxxxxx1. commodity and specification:
refined cane sugar icumsa 45 rbu 2. origin: brazil3.
total quantity:xxxxx metric tons (xxxxxxxxxxx metric tons) over
xx months.4. unit price: usd xxxxxx (xxxxxxxxxxx united states
dollars) per one metric ton 5. total contract value: xxxxxxxx usd
(xxxxxxxxxxxxxxx united states dollars only) 6. payment
terms:operative, irrevocable, confirmed, transferable, assignable,
unconditional, unrestricted, unencumbered, cash backed standby
letter of credit (sblc) or bank guarantee (bg) to be fully funded
to the total value of usd xxxxxxxxx, (to be confirmed by a top 25
world prime bank), and the shipment(s) to be payable by tt
(mt103/23), 100% on sight of documents at the buyers bank.7.
performance bond:2% (two percent) of the value of the payment
instrument. 8. shipment and delivery:the above mentioned total
quantity shall be shipped and delivered by way of shipments of
12,500 metric tons and 25,000 metric tons (at sellers option)
following confirmation, verification, authentication of an
operative payment instrument (sblc or bg) in a format acceptable to
the seller and the sellers bank.9. proof of product:the sellers
bank will issue the pop to the buyers bank (bank to bank) by mt
799.10. terms of delivery: cif - port of xxxxxxx, (country).11.
packing: sugar is to be packed in fifty (50) kilogram net weight in
new polyethylene and polypropylene bags or internationally
acceptable equivalent. the seller will supply two percent (2%) of
empty bags at the sellers expense. provision of those same empty
bags shall be so stated on the bill of lading and invoice as free
of charge. 12. inspection:at sellers cost the goods shall be
inspected by sgs or equivalent at the port of loading. 13.
incoterm: unless otherwise specified hearing, incoterms 2000 plus
subsequent amendments.14. documents for clearing goods and settling
payments:a) 3/3 set of bill of lading, clean on board and marked
freight prepaid (3 original entry copies) showing shipper as
___________________b) certificate of weight, quantity
and quality issued by sgs or lloyds or compatible authorityc)
certificate of origin, issued by the authorities in brazil.d)
sellers signed commercial invoice in 3 copies.one (1) original set
of the above dcuments shall be sent directly to your bank, and
three (3) original sets of the non-negotiable documents shall be
sent to you via first class courier service15. buyers banking
information:buyers namebank namebank branch addressaccount
nameaccount no.swift codebank officers namebank telephonebank fax
numberemail16. agreement procedures: 1.buyer issues bank endorsed
irrevocable corporate purchase order (icpo). 2.seller issues full
corporate offer (fco). 3.buyer signs and seals each page of fco and
returns to seller.4.seller issues pro forma invoice / agreement
which will incorporate full terms and conditions.5.buyer signs and
seals each page of pro forma invoice / agreement and returns to
seller. seller signs and seals final agreement and returns copy to
buyer.6. within 5 international banking days the buyers bank
issues a operative, irrevocable, transferable, assignable,
confirmed (by top 25 world bank), unconditional, unrestricted,
unencumbered, cash backed sblc or bg at sellers bank.7.within 5
international days the sellers bank issues by swift mt 799 to the
buyers bank the proof of product (pop) and by swift mt 760, a 2%
performance bond (pb).8.shipments will be within 30 days after
receipt of the sblc/bg.9. payment by tt (swift wire transfer mt
103/23) upon sight of documents at buyers bank.17. icumsa 45
specifications: commodity:white cane sugar icumsa 45 rbuattenuation
index units (method # 4-1978)polarity at 20 deg centigrade99.80
min. sulphate & ash content0.04%moisture0.04%solubility100.0%
drt and free flowinggranulationfineicumsamax. 45 icumsa with index
units method no: 4619871sedimentsnonecolorsparkling whitecrop2008
2009magnetic particlesmg/k 4.so270 mg/kg maximumradiationnormal w/o
presence of cesium or iodine: certifiedsmellfree of any smell &
all pathogens; staph aureasreducing sugar0.05% maxsubtancesolid
cristal maximum by weightmax as1 p.p.m.max os2 p.p.m. maximum.max
cu3 p.p.m.for the buyer:print name: xxxxxxxxxxposition: xxxxxxxxxx
date: xx june 2009corporate seal and stamp:date: to:
xxxxxxxxxxxxxwe, as x_bank&&&&&&&&&&&..,country, and the
undersigned bank officers, hereby confirm with full responsibility
that buyer _____________ is known to us to be capable to realize
a project for the purchase of product of icumsa 45 (white refined
cane sugar), a quantity of xxxxxxx for the value of usd
xxxxxxxxx.should this proceed into a signed contract between the
buyer and seller, then our banks also ready to issue the relative
non-operative payment instruement to sellers bank as it will be
specified in the contract after the contract is signed, sealed and
exchanghed between our buyer x and the seller.bank officer (1)
name & title bank officer (2) name & title bank
stamp/seal
product type:
sugar |
type: cane
sugar |
color: clear |
packaging: bag |
place of origin:
brazil |