If you are just looking for prices, you can see an examplary sugar price list here (near bottom of the page). If you need a fresh price quotation, specific to your case, please contact me.
The following ordering procedures apply for all transactions:
1.)
The Buyer issues the ICPO (Irrevocable Corporate Purchase Order), which should include full banking information and explicit authorization to soft probe on Buyer’s bank account and a fresh BCL (Bank Comfort Letter) not older than 5 days.
The NCND (Non-Circumvention, Non-Disclosure & Working Agreement) and IMFPA (Irrevocable Master Fee Protection Agreement) must be signed by the Buyer, his mandate and all agents involved. The seller can then confirm the price.
2.)
The Seller responds with a draft Contract.
3.)
Buyer and Seller go over the contract and when they come to an agreement the contract is signed. (all copies sent via email or fax are deemed as legally binding)
4.)
Within 3 banking days of signing of the Contract, the Buyer’s bank sends a RWA (Ready Willing and Able confirmation) also known as POF (Proof of Funds) via bank messaging instrument - SWIFT MT799, directly to the Seller’s Bank, and indicates the buyer’s readiness to open the Bank Guarantee against the Seller’s POP (Proof of Product).
5.)
Within 3 banking days of receipt of the Buyer’s RWA (Ready Willing Ability), the Seller’s Bank issues the POP (Proof of Product) via SWIFT MT799 to the Buyer’s Bank.
6.)
Hardcopies of the Contract are exchanged via a courier service (like UPS, DHL, TNT, FedEx).
7.)
Buyer opens the agreed pre-advice (non-operative Bank Guarantee) payment instruments as indicated above.
8.)
Upon notification of the pre-advice payment instrument, the Seller issues the 2% Performance Bond (PB), which activates the Buyer’s payment instruments.
9.)
Shipments start as agreed in the Contract.
NOTES:
The ICPO (Irrevocable Corporate Purchase Order) must be printed on the Buyer’s Company letterhead, signed, sealed, scanned and sent back via email.
Bank Comfort Letter is mandatory for processing Buyer’s request. Otherwise, the Buyer must voluntarily order his bank to open a SWIFT MT799 with POF (Proof of Funds) to Seller’sBank. This option must be indicated in the Buyer’s ICPO and takes place before Seller provides his POP (Proof of Product).
The ICPO (Irrevocable Corporate Purchase Order) must include the procedures presented above.
Authorization for Soft Probe in the Buyer’s bank account is mandatory to consider any requests.
This offer is subject to prior sale, availability and Seller’s confirmation of price, quantity and all other conditions.
Please contact me If you have any questions or comments.