 SOYBEAN GRADE # 2 NON-GMO FOR HUMAN CONSUMPTION - Product specifications:
- Origin: BRAZIL - Loading port: any Brazilian ocean port as per Seller’s choice - First shipment: within 40 days after financial instrument is being operative rendered - High sea: not available - Minimum quantity: Spot 12,500 MT – Contract 150,000 MT - Maximum quantity: 10,800,000 MT under 36 months contract basis - Proof of Product (PoP): only bank to bank via SWIFT message - Performance Bond (PB): 2% (two per cent) on one month shipments amount. Not applicable for spot cargos - Past performance documents: not available at any time, in respect and confidentiality with our buyers (this practice is unprofessional and against the rules I.C.C. and W.T.O.) - Samples: not available at any time PROCEDURES 1- Seller’s Representative sends Soft Corporate Offer (SCO) to the Buyer. 2- End Buyer returns SCO signed and issues ICPO (with Letterhead) plus BCL plus NCND agreement, including: full business description, way of payment, port of final destination, desirable shipments cadence, target sale rate, and issuing bank coordinates. 3- Seller issues FCO and Contracts. 4- Buyer returns DCA signed and sealed fulfilled with his data and bank information. 5- Seller signs and seals DCA and return to the Buyer. 6- Seller issues 6 End Contract hard copies, hand signed and sealed in each page, and sends to the Buyer via international courier. 7- Buyer hand signs and sealed End Contract hard copies, and returns 3 copies to the Seller via international courier. The draft copy will be deemed legal until hard copies exchanged. 8- Buyer and Seller deliver End Contract hard copies to their Banks. 9- Buyer instructs his bank to issue payment financial instrument to be sent non-operative to Seller’s bank via SWIFT. 10- After acceptance of financial instrument by Seller´s bank, Seller instructs his bank to issue PoP and PB to Buyer’s bank via SWIFT. 11- After acceptance of PoP and PB by Buyer´s bank, all financial instrument defined non-operative shall become operative rendered, and first shipment loading time starts to count down. 12- Approval conditions: all existing documents will be void in case of non-approval of payment document by Seller’s Bank. Failure to do so frees the Seller of any commitment in relation to the expired SCO. GLOSSARY: - SBLC / BG # 1: Stand by Letter of Credit or Bank Guarantee covering one month shipments amount, maturing 14 months (up to 24 months), fully payable at maturity date, covering first month shipments payment. Others months of the contract to be paid by MT 103/23, DLC or SBLC. - SBLC / BG # 2: Stand by Letter of Credit or Bank Guarantee covering two months shipments amount, maturing 14 months (up to 24 months), fully payable at maturity date, covering first two months shipments payment. Others months of the contract to be paid by MT 103/23, DLC or SBLC. They must be either issued or confirmed by a Top 50 Western Bank, non-revocable, unencumbered, transferable, divisible, and payable at maturity date against presentation of shipping documents as stated in the Contract. - Pre-advice MT103/23: funds transference by message type 103/23, blocked at Seller´s account until full set of shipping documents are being presented and accepted at and by Buyer´s Bank. - DLC: Documentary Letter of Credit, to be issued for the full purchase amount, with partial shipments permitted as per Contract shipments cadence. Must be either issued or confirmed by a Top 50 Western Bank, non-revocable, unencumbered, and payable at sight against presentation of shipments documents as stated in the Contract. |
SOYBEAN 2 NON GMO |