ICUMSA 45 SUGAR

November 21, 2020

12 500 x 12 usd 335/MT

100 000 x 12 usd 305/MT 

112 500 x 12 usd 295/MT  

A) THE BUYER ISSUES AN IRREVOCABLE CORPORATE PURCHASE ORDER (ICPO) + RWA / BCL, ACCORDING

     TO THE SELLER'S TERMS WITH FULL BANK DETAILS + CLEAR COPY OF THE PASSPORT + CLEAR COPY OF

     THE COMPANY'S REGISTRATION CERTIFICATE

B) THE SELLER ISSUES THE DRAFT CONTRACT OPEN TO CHANGES + RWA DRAFT + COMMERCIAL INVOICE.

C) THE BUYER RETURNS THE SIGNED CONTRACT + SIGNED COMMERCIAL INVOICE + SIGNED RWA / BCL

D) THE SELLER MUST VERIFY AND, IF ACCEPTED, MUST SIGN AND RETURN THE FINAL CONTRACT TO THE

     BUYER

E) THE BUYER MUST ISSUE THE DLC / MT760 DRAFT

F) WITHIN 7 WORKING DAYS AFTER SIGNING THE CONTRACT, THE PURCHASING BANK ISSUES AN

     IRREVOCABLE, CONFIRMED, NON-TRANSFERABLE, UNCONDITIONAL, NON-OPERATIVE DLC / MT760 VALID

     FOR ONE YEAR AND ONE DAY AND AMOUNT OF ONE MONTH AND SELF-REVOLUTION MONTHLY FOR 12

     MONTHS ON THE SAME TERMS AND CONDITIONS.

G) IN THE MAXIMUM 10-15 BANKING DAYS OF DLC RECEIPT BY THE SELLER'S BANK, THE SELLER'S BANK

     WILL ISSUE 2% PB + POP BELOW TO THE BUYER'S BANK TO ACTIVATE THE DLC:

• NEW VIDEO WITH THE BUYER'S NAME

• EXPORT LICENSE

• REGISTRATION CERTIFICATE

H) WITHIN 40-45 DAYS AFTER ACTIVATING THE DLC / MT760 AND RECEIVING THE PRINTED COPY, SHIPPING

     STARTS ACCORDING TO THE DELIVERY SCHEDULE.

I) THE BUYER'S BANK RELEASES THE PAYMENT OF EACH SHIPMENT BY MT103 / TT WITHIN 2 BANKING DAYS

   AFTER RECEIVING, BY E-MAIL FROM THE SELLER'S BANK, COMPLETE SHIPPING DOCUMENTATION BELOW AT

   THE LOAD PORT

* 01 ORIGINAL PLUS 3 NON-NEGOTIABLE COPIES CLEANED IN THE BILL OF LADEN ISSUED TO THE ORDER

   BUYER'S NOTIFICATION APPLICANT

* COMMERCIAL INVOICE SIGNED IN 1 ORIGINAL PLUS 1 COPY

* PACKING LIST IN 1 ORIGINAL PLUS 1 COPY

* ORIGIN CERTIFICATE IN 1 ORIGINAL PLUS 1 COPY

* ANALYSIS CERTIFICATE ISSUED IN 1 ORIGINAL AND 3 COPIES

* WEIGHT, QUANTITY AND QUALITY CERTIFICATE ISSUED IN 1 ORIGINAL AND 3 COPIES

* PHYTOSANITARY CERTIFICATE IN 1 ORIGINAL AND 3 COPIES

* FUMIGATION CERTIFICATE ISSUED IN 1 ORIGINAL AND 3 COPIES

* 110% INSURANCE CERTIFICATE ISSUED IN AN ORIGINAL PLUS 2 COPIES COVERING ALL RISKS, INCLUDING

   THE INSTITUTE'S LOAD CLAUSE (A), INSTITUTE'S SHOT (LOAD) AND THE INSTITUTE'S WAR CLAUSE (CARGO)

   OF FULLCIFERFICULTURALFICULTURAL PROPERTY

J) THE SELLER'S BANK ISSUES TO THE BUYER'S BANK THE COMPLETE ORIGINAL SHIPPING DOCUMENTATION

   DECLARED IN (I) BY THE POSTAL CARRIER IMMEDIATELY AND AUTOMATICALLY AFTER RECEIPT AND

   CONFIRMATION OF THE MT103 / TT FAST BY THE SELLER'S BANK.

K) SUBSEQUENT MONTHLY SHIPPING CONTINUES IN ACCORDANCE WITH THE TERMS AND CONDITIONS OF

    THE PURCHASE AND SALE CONTRACT BETWEEN BUYER AND SELLER

COMMENT: THE PARTIES SHOULD HAVE FREEDOM TO CONSULT ONE OF THE OTHER IN THE EVENT OF A BIG

CHANGE IN CIRCUMSTANCES - IN PARTICULAR A CREATION OF SUFFERING FOR A PARTICULAR. HOWEVER,

THE OPTION OF THE RIGHT OF REFERENCE TO COURTS / ARBITRALS MAY BE INCLUDED