IMPORTANT INFORMATION

Important Information
We provide sugar in small and large quantities. However, for any transaction we have certain requirements and/or pre-requisites that every buyer and/or agent need to be aware of:
1) We DO NOT provide Proof of Past Performance (POPP) documents.
2) We DO NOT provide Proof of Product (POP) before receiving the payment instrument.
3) We DO NOT provide Proof of Product Availability before receiving the payment instrument.
4) We DO NOT provide Performance Bond (PB) upfront.
5) We DO NOT work to Buyer's terms and/or procedures.
Note: Our prices are based on real production and shipping costs. The only way for a buyer to reduce the cost of the sugar is to issue an SBLC that carries the value for additional months than the standard quantity requested, which is one month.
Payment Terms and Procedures
We do require a payment instrument issued or confirmed by a Top 50 World Bank. To see a list of the Top 50 World Banks - click here.
VESSEL LOADS (Icumsa 45 and Icumsa 600-1200):

50,000MT/ Per Shipment

*TERMS AND PROCEDURES BELOW ARE HERE.

Spot
Payment terms
SBLC (Stand-by Letter of Credit) via MT760 as guarantee for SPOT value and TT (MT103) as payment per shipment at Port of Loading
POP (MT799)
SBLC from Top 50 Bank or Confirmed by Top 50 bank


Procedures
1. Buyer issues LOI
2. Seller issues SCO
3. Buyer issues ICPO with full banking details.
4. The Seller will present the draft contract for acceptance by the Buyer.
5. Buyer returns the draft contract by exchanging it by facsimile or Email attachment, duly signed and sealed, within 3 working days. The draft copy will be deemed legal until hard copies are exchanged.
6. Buyer’s Bank issues SBLC using SWIFT MT760 for SPOT value, open for full contract period, to be received at Seller’s Bank within 3 (three) working days.
7. Seller’s Bank issues to Buyer’s Bank POP (SWIFT MT799).
8. Shipping commences as per schedule.

Annual Contract
Payment terms
SBLC (Stand-by Letter of Credit) via MT760 as guarantee for ONE month's value and TT (MT103) as payment per shipment at Port of Loading
PB 2% (MT760) + POP (MT799)
SBLC from Top 50 Bank or Confirmed by Top 50 bank
Procedures
1. Buyer issues LOI
2. Seller issues SCO
3. Buyer issues ICPO with full banking details.
4. The Seller will present the draft contract for acceptance by the Buyer.
5. Buyer returns the draft contract by exchanging it by facsimile or Email attachment, duly signed and sealed, within 3 working days. The draft copy will be deemed legal until hard copies are exchanged.
6. Buyer’s Bank issues SBLC using SWIFT MT760 for ONE month’s value, open for full contract period, to be received at Seller’s Bank within 3 (three) working days.
7. Seller’s Bank issues to Buyer’s Bank POP (SWIFT MT799) and 2% PB (SWIFT MT760) of one month’s value.
8. Shipping commences as per schedule.