Product: Brazilian Refined Cane Sugar
Specification: ICUMSA 45
Quantity: 2 x 50,000 MT Spot
Price: $555 per MT
ETA: 1 Spot approx. 15 days from Dubai, 2nd Spot approx. 15 days from Colombo, Sri Lanka
Notes: We are direct to the title holder. PROCEDURES: HSS
a) Buyer Submits an LOI OR ICPO (ORDER) complete with Banking Co-ordinates
b) Seller send banking information and pro forma invoice with sales contract
c) Buyer confirms that funds are available to complete the transaction using a swift message from their bankers to our bank (MT799).
d) Sellers sends copies of bills of lading, packing lists, SGS reports, confirmation of ships location and lists other documents being held awaiting completion of the sale. Any hard copies required will be sent by courier at sellers expense.
e) Buyer issues MT103/23 setting out documents required and submits to sellers bank via his own bank OR buyers bank agrees with sellers bank documents required and sends wire transfer (MT103) to obtain the documents..
f) Title to the cargo is formally transferred against confirmation of payment.
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