Sugar Icumsa 45 Brazil

ICUMSA 45 WHITE SUGAR, PRICE CIF
PAYMENT GUARANTEE ACCEPTED:
• Escrow Account – In Swiss Bank (REYLS & Cie SA - INNOVATIVE BANK / INTESA SANPAOLO SpA)

• SBLC Transferable - FROM TOP 50 BANK

• DLC/LC Transferable - FROM TOP 50 BANK – AUTO REVOLVING FOR 12 MONTHS

• SBLC NON-Transferable - FROM TOP 25 BANK

• DLC/LC NON-Transferable - FROM TOP 25 BANK – AUTO REVOLVING FOR 12 MONTHS

• Block Fund – IN BUYER’S BANK – IN TOP 50 BANK

PAYMENT RELEASE:
Buyer pays by MT103/TT against the Official Shipping Document including BL and SGS Report at LOADING POR

Note:
• All payment is released at the LOADING PORT.

• If payment needs to be released at the DESTINATION PORT, 3 month’s face value of the financial instrument is needed.

• If the buyer wants to open a Financial Instrument for the TRIAL only (and after another Financial Instrument for the Monthly contract), The financial instrument needed for the TRIAL must be validity of 90 days. No 2% PB for Trial Orders (Both for Transferable / Non- transferable Instrument)

• We do not accept DLC/LC at Sight. We can negotiate and accept payment by DLC/LC in the only case that the full 12 months’ face value is given.

• Past Performance and AQSIQ/GACC Number can be given together with 2% PB for Transferable Financial Instrument received. No 2% PB for NON-Transferable Instrument.

• SGS Inspection at the LOADING PORT is the only reference for Payment Release – But Buyers are welcome to appoint CIQ INSPECTION at Loading Port (For Chinese Market)

• We send CIF, we do not accept CIQ at DESTINATION PORT as one condition of the Sales Transaction.