Scribd Logo
Upload

Welcome to Scribd!

  • Hard Wheat SCO

    Uploaded by

    JAVIER MEDINA
    115 views2 pages
    The document is a soft corporate offer from The CANEX FARM to ENERGINOVASOL & GESTION DE ACTIVOS IB for a trial shipment of 40,000 metric tons of hard wheat from the USA or Brazil at $415 per metric ton, with potential follow-on shipments of at least 40,000 metric tons per month. It outlines payment terms requiring a 100% irrevocable letter of credit for the one-month shipping amount and payment via SWIFT MT-103 upon inspection and document presentation against the bill of lading. It also provides procedures for the parties to sign a sales purchase agreement, establish the letter of credit, commence delivery, and make payment upon provision of shipping documents

    Original Description:

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document is a soft corporate offer from The CANEX FARM to ENERGINOVASOL & GESTION DE ACTIVOS IB for a trial shipment of 40,000 metric tons of hard wheat from the USA or Brazil at $415 per metric ton, with potential follow-on shipments of at least 40,000 metric tons per month. It outlines payment terms requiring a 100% irrevocable letter of credit for the one-month shipping amount and payment via SWIFT MT-103 upon inspection and document presentation against the bill of lading. It also provides procedures for the parties to sign a sales purchase agreement, establish the letter of credit, commence delivery, and make payment upon provision of shipping documents

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    115 views2 pages

    Hard Wheat SCO

    Uploaded by

    JAVIER MEDINA
    The document is a soft corporate offer from The CANEX FARM to ENERGINOVASOL & GESTION DE ACTIVOS IB for a trial shipment of 40,000 metric tons of hard wheat from the USA or Brazil at $415 per metric ton, with potential follow-on shipments of at least 40,000 metric tons per month. It outlines payment terms requiring a 100% irrevocable letter of credit for the one-month shipping amount and payment via SWIFT MT-103 upon inspection and document presentation against the bill of lading. It also provides procedures for the parties to sign a sales purchase agreement, establish the letter of credit, commence delivery, and make payment upon provision of shipping documents

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 2

    SOFT CORPORATE OFFER

    We, The CANEX FARM behalf of Seller hereby issue this Soft Corporate Offer as the
    Representative of Seller with given Terms and conditions to confirm our readiness and
    willingness to Offer and then straight to Commercial Invoice Agreement & Sales Purchase
    Agreement upon acceptance of our terms and conditions Stipulated herein for the below
    product.

    To: ENERGINOVASOL & GESTION DE ACTIVOS IB


    Product Name HARD Wheat
    ORIGIN: USA / BRASIL

    QUANTITY TOTAL: 40,000 MT TRIAL ORDER FOLLOW BY AT LEAST 40,000 MT EVERY MONTH
    DURATION: 40,000 MT TRIAL SHIPMENT
    PRICE: $415 / MT (THREE HUNDRED AND NINTHY FIVE UNITED STATES
    DOLLARS)
    PACKING: BULK
    DESTINATIONS: CIF, ALEJANDRIA Port, EGYPT
    PAYMENT TERMS:
    100% IRREVOCABLE DLC MT-700. THE DLC CORRESPONDS TO ONE-MONTH
    SHIPPING AMOUNT OF THE REVOLVING PRODUCT. THE DLC MUST BE
    IRREVOCABLE AND IRREVERSIBLE, OPERATIONAL AND REVOLVING FROM TOP
    25/50 BANK. PAYMENT VIA SWIFT MT -103 UPON SGS
    INSPECTION CERTIFICATE AND PRESENTATION OF DOCUMENTS AGAINST BL.
    Procedures and Commodities
    1. Buyer sends a Valid LOI /ICPO to Seller.
    2. Seller sends to Buyer Full Corporate Offer (FCO)
    3. Buyer reviews, and makes necessary correction to Draft Contract, and signs and
    returns to seller via email (*Electronic signature is valid and accepted as had signature)
    4. Seller sends the contract SPA for review if changes are necessary
    5. Once both parties sign the SPA, the contract becomes binding upon both parties.
    6. Buyers send draft for DLC for the bank review.
    7. Once the changes are agreed upon the buyer establish DLC in favor of the seller.
    8. Delivery commences as agreed within 30 days after the confirmation of the DLC by the
    confirming bank.
    9. The buyer issues DLC / SBLC for the full value of the monthly shipment to the
    seller's bank.
    10. For any contract orders, the seller issues 2% PB after SBLC / DLC
    activation 5 banking days.
    11. Seller provides 2 Original and 1 copy of the contract to Buyer by email.
    12. Bill of Lading
    13. Commercial Invoice
    14. 12. Certificate of Origin
    15. Phytosanitary Certificate

    16. Certificate of Quality and Quantity issued by SGS at port of Loading.


    17. Both parties send a copy of the Contract to their respective banks
    18.Delivery commences as agreed within the FCO immediately days after it is approved
    from Buyer to Sellers bank.
    19.Payment will only be used as collateral. All Payment will be at loading port through MT103
    within 72 hrs. After seller provides all shipping documents).

    You might also like