SCO

W H ITE REFIN ED CAN E SUGAR ICUMSA 4 5

&

RAW BROW N CAN E SU GAR ICUMSA 6 0 0 -12 0 0

Our Suppliers
We currently work with three different suppliers:

1) US company that owns sugar mills in Brazil and has more

than 35 years in the sugar industry.

2) Australian company that owns allocation and has been active

in commodity trading for at least 16 years.

3) Indian company that is directly involved in sugar farming

and milling in Brazil. They have been active in commodity
trading for at least 22 years.

Note: We reserve the right to quote you from either of the 3

companies depending on payment instrument chosen by the
buyer and/ or product availability. A requirement for every
buyer is that they show the seller upfront that they are
financially capable of executing the purchase by providing us
with a BCL together with your LOI/ ICPO or have your
LOI/ ICPO bank endorsed.
Our prices are based on real production and shipping costs. The
only way for a buyer to reduce the cost of the sugar is to issue an
SBLC that carries the value for additional months than the
quantity requested by the sellers, which is one month. NO
TRIAL SHIPMENTS AVAILABLE.

Delivery Period

Sugar ICUMSA 45 in large quantities stored in ports or

warehouses does not exist. The cost of storing sugar
ICUMSA 45 produced, bagged and stored in the port is
very high, which makes it unfeasible. Therefore, unless
the order is for sugar already in the warehouse, the buyer
is buying future production. That production starts
after the financial instrument is in place. Therefore no
POP can be issued before the time of loading.

Loading usually will begin 30 – 45 days from the day the

financial instrument is accepted by the seller. It takes
that long to harvest the cane, bring it to the mill, produce
the sugar, have a loading berth assigned, ship the sugar
to the port, have it inspected and begin loading.
Prices, Payment Terms and Procedures
All of our sellers require a payment instrument issued by a Top
50 World Bank. To see a list of the Top 50 World Banks.

PRICES VALID U N TIL Au gu s t 3 1, 2 0 15

ICU MSA 4 5

1) US company (owner of mills in Brazil)

*N O TE* This seller has the best prices available. However, it is
only recommended for the type of buyer that can agree to
receiving POP after SBLC as this is non-negotiable as noted in
the procedures listed below the prices.

PRICES

Price pe r
Type o f
Qu a n tity Me tric To n
Ord e r
( MT)

25,0 0 0 MT SPOT $ 395.0 0

50 ,0 0 0 MT SPOT $ 375.0 0

10 0 ,0 0 0
SPOT $ 355.0 0
MT

150 ,0 0 0
SPOT $ 335.0 0
MT

20 0 ,0 0 0 SPOT $ 315.0 0
 MT

30 0 ,0 0 0
SPOT $ 295.0 0
MT

25,0 0 0 MT
x 12 CONTRACT* $ 355.0 0
months

50 ,0 0 0 MT
x 12 CONTRACT* $ 335.0 0
months

75,0 0 0 MT
x 12 CONTRACT* $ 320 .0 0
months

10 0 ,0 0 0
MT x 12 CONTRACT* $ 30 0 .0 0
months

150 ,0 0 0 CON TACT

MT x 12 CONTRACT* U S FOR
months PRICIN G

20 0 ,0 0 0 CON TACT
MT x 12 CONTRACT* U S FOR
months PRICIN G

30 0 ,0 0 0
CON TACT
MT or more
CONTRACT* U S FOR
x 12
PRICIN G
months

*Contract orders require a m inim um 12

m onths com m itm ent.
PRICES LISTED ARE ASWP. PLEASE ADD
$ 20 / MT FOR IRAQ OR OTHER
DANGEROUS DESTINATIONS.
ALL QUANTITIES SUBJ ECT TO
 AVAILABILITY.

Pa ym e n t te rm s

Spot

Non-transferable SBLC (MT760 ) as guarantee for SPOT value

and TT (MT10 3) as payment per shipment

SBLC from Chinese banks not acceptable

Contract

Non-transferable SBLC (MT760 ) as guarantee for ONE monthly

value and TT (MT10 3) as payment per shipment

PB 2% (MT760 ) + POP (MT799)

SBLC from Chinese banks not acceptable

Procedures

1. LOI

2. SCO

3. ICPO with Bank Endorsement or BCL.

4. The Seller will present the draft contract for acceptance by

the Buyer. Contract goes through normal negotiation and
validation period.

5. Buyer returns the draft contract by exchanging it by facsimile

or Email attachment, duly signed and sealed, within 3 working
days, the draft copy will be deemed legal until hard copies
exchanged.
6. Buyer’s bank issues SBLC using SWIFT MT760 open for full
contract period to be received at Seller’s Bank within 3 (three)
working days.

7. Seller’s Bank, within 5 days, issues to Buyer’s Bank POP

(SWIFT MT799).

Download templates for this seller: LOI, ICPO & BCL

2) Australian company (allocation holder)

PRICES

Price pe r
Type o f
Qu a n tity Me tric
Ord e r
To n ( MT)

12,50 0 MT SPOT $ 470 .0 0

25,0 0 0 MT SPOT $ 465.0 0

50 ,0 0 0 MT SPOT $ 460 .0 0

75,0 0 0 MT SPOT $ 455.0 0

10 0 ,0 0 0 MT SPOT $ 430 .0 0

150 ,0 0 0 MT SPOT $ 40 0 .0 0
 20 0 ,0 0 0 MT SPOT $ 38 5.0 0

12,50 0 MT x
CONTRACT* $ 415.0 0
12 months

25,0 0 0 MT x
CONTRACT* $ 40 0 .0 0
12 months

50 ,0 0 0 MT x
CONTRACT* $ 390 .0 0
12 months

75,0 0 0 MT x
CONTRACT* $ 38 5.0 0
12 months

10 0 ,0 0 0 MT
CONTRACT* $ 365.0 0
x 12 months

150 ,0 0 0 MT
CONTRACT* $ 355.0 0
x 12 months

20 0 ,0 0 0 MT
CONTRACT* $ 345.0 0
x 12 months

30 0 ,0 0 0 MT
or more x 12 CONTRACT* $ 335.0 0
months

*Contract orders require a m inim um 12

m onths com m itm ent.
PRICES LISTED ARE ASWP. PLEASE ADD
$ 20 / MT FOR IRAQ OR OTHER
DANGEROUS DESTINATIONS.
ALL QUANTITIES SUBJ ECT TO
AVAILABILITY.

Pa ym e n t te rm s
Spot:

Non-transferable SBLC (MT760 ) as guarantee for SPOT value

and TT (MT10 3) as payment per shipment

PB 2% (MT760 ) + POP (MT799)

Contract:

Non-transferable SBLC (MT760 ) as guarantee for ONE monthly

value and TT (MT10 3) as payment per shipment

PB 2% (MT760 ) + POP (MT799)

Pro ce d u re s :

1. Buyer issues LOI/ ICPO with Bank Endorsement or BCL

2. Seller sends FCO and/ or DRAFT CONTRACT for

amendments

3. Buyer returns signed & stamped contract

4. Seller returns signed & sealed contract with pro forma invoice

5. Buyer's Bank issues non-operative SBLC (MT760 ) in favor of

Seller

6. Seller's Bank issues PB2% (MT760 ) plus POP (MT799) to

make SBLC fully operational by (MT760 )

7. SGS inspects the shipment at the port of loading. Buyer is

entitled to be present when the inspection takes place

8 . Vessel is loaded

9. Seller sends invoice, shipping documents, and SGS

certificates to buyer.

10 . Buyer sends payment by TT or MT10 3 to seller's bank

11. Shipment arrives at port of discharge

8 -11 are repeated for each shipment

Download templates for this seller: LOI, ICPO & BCL

3) Indian company (allocation holder)

PRICES

Price pe r
Type o f
Qu a n tity Me tric
Ord e r
To n ( MT)

12,50 0 MT SPOT $ 530 .0 0

25,0 0 0 MT SPOT $ 510 .0 0

50 ,0 0 0 MT SPOT $ 50 0 .0 0

75,0 0 0 MT SPOT $ 48 5.0 0

10 0 ,0 0 0 MT SPOT $ 480 .0 0

150 ,0 0 0 MT SPOT $ 475.0 0

20 0 ,0 0 0 MT SPOT $ 465.0 0

12,50 0 MT x
CONTRACT* $ 480 .0 0
12 months
 25,0 0 0 MT x
CONTRACT* $ 470 .0 0
12 months

50 ,0 0 0 MT x
CONTRACT* $ 455.0 0
12 months

75,0 0 0 MT x
CONTRACT* $ 450 .0 0
12 months

10 0 ,0 0 0 MT
CONTRACT* $ 445.0 0
x 12 months

150 ,0 0 0 MT
CONTRACT* $ 440 .0 0
x 12 months

20 0 ,0 0 0 MT
CONTRACT* $ 435.0 0
x 12 months

250 ,0 0 0 MT
CONTRACT* $ 430 .0 0
x 12 months

30 0 ,0 0 0 MT
CONTRACT* $ 425.0 0
x 12 months

50 0 ,0 0 0 MT
or more x 12 CONTRACT* $ 415.0 0
months

*Contract orders require a m inim um 12

m onths com m itm ent.
PRICES LISTED ARE ASWP. PLEASE ADD
$ 20 / MT FOR IRAQ OR OTHER
DANGEROUS DESTINATIONS.
ALL QUANTITIES SUBJ ECT TO
AVAILABILITY.

Spo t:
Pay m ent term s

10 0 % Non-transferable Irrevocable Documentary Letter of

Credit (MT70 0 ) at Sight against SGS (or similar) at Port of
Loading for each shipment

Procedures

1. Buyer issues ICPO with Bank Endorsement or BCL

2. Seller sends FCO and/ or DRAFT CONTRACT for

amendments

3. Buyer returns signed & stamped contract

4. Seller returns signed & sealed contract with pro forma invoice

5. Buyer’s Bank issues pre-advice IDLC (MT70 5) in favor of

Seller

6. Seller’s Bank issues POP (MT799)

7. Buyer’s bank issues IDLC (MT70 0 )

8 . SGS inspects the shipment at the port of loading. Buyer is

entitled to be present when the inspection takes place

9. Vessel is loaded

10 . Seller presents invoice, shipping documents and SGS

certificates at the counter of seller's bank

11. Buyer's bank releases payment to seller's bank

12. Shipment arrives at port of discharge

9-12 are repeated for each shipment

Co n tra ct:
Pay m ent term s

10 0 % Non-transferable Irrevocable Revolving Documentary

Letter of Credit (MT70 0 ) at Sight against SGS (or similar) at
Port of Loading for each shipment

PB 2% of revolving value

Procedures

1. Buyer issues ICPO with Bank Endorsement or BCL

2. Seller sends FCO and/ or DRAFT CONTRACT for

amendments

3. Buyer returns signed & stamped contract

4. Seller returns signed & sealed contract with pro forma invoice

5. Buyer’s Bank issues pre-advice IRDLC (MT70 5) in favor of

Seller

6. Seller’s Bank issues PB2% (MT760 ) plus POP (MT799)

7. Buyer’s bank issues IRDLC (MT70 0 )

8 . SGS inspects the shipment at the port of loading. Buyer is

entitled to be present when the inspection takes place

9. Vessel is loaded

10 . Seller presents invoice, shipping documents and SGS

certificates at the counter of seller's bank

11. Buyer's bank releases payment to seller's bank

12. Shipment arrives at port of discharge

9-12 are repeated for each shipment

Download templates for this seller: LOI, ICPO & BCL

Shipping Documentation
When sugar is shipped, there are many documents which
accompany it. Some of these documents are required in order
for the seller to be paid, others are required in order that the
shipment can be imported into a foreign country, and still
others provide assurances that the sugar meets the
requirements set out in the contract, has been properly handled,
and is being shipped aboard a seaworthy vessel. This is a list of
the most commonly provided types of shipping documentation,
along with explanations of their function.

*Note: Not all shipping docum entation m ay apply to this

com m odity. A list of the full docum entation w ill be listed on the
contract.

Sign e d Co m m e rcial In vo ice

A commercial invoice is made out from the seller to the buyer. It

details the specifications of the product being shipped and the
total cost of the shipment. This invoice is normally required in
order for the seller to receive payment under the terms of a
letter of credit, and functions as a tax invoice for the buyer.

Cle a n o n Bo a rd Bill o f La d in g
A bill of lading is a document which is issued by a carrier or
transporter. The document confirms the specifications of the
shipment received, the port where it was loaded, and the
destination port. It also outlines the terms of carriage. Bills of
lading can be negotiable or non negotiable. A negotiable bill of
lading enables the holder of the bill of lading to change the
destination port of the shipment. A non negotiable bill of lading
means that the shipment will be delivered to a specified port,
and this port cannot be changed.

Pa ckin g Lis t

A packing list is simply a document which outlines the quantity

and type of product shipped. This document is normally very
detailed. In order for the seller to obtain payment it is
important that the packing list is identical to the terms of the
contract and those set out in the letter of credit.

SGS Ce rtifica te o f W e igh t Grade , Qu ality, a n d

Co n d itio n

SGS is an international independent inspection company which

will inspect the sugar shipment before it leaves the port and
verify that the sugar is of the correct weight, grade, quality, and
condition as stated in the bill of lading, packing list, and
contract. If all is in order, they will issue an SGS certificate
which states that the sugar met certain standards when it was
shipped.

Ce rtifica te o f Origin

A certificate of origin states where the sugar is from. This is

essential when importing sugar from one country to another.
The certificate of origin is often issued by the exporter, although
it can sometimes be issued by a government agency.
Ph yto s a n itary Ce rtifica te

A phytosanitary certificate states that the shipment meets the

phytosanitary requirements which are in place in the country it
is being exported to. Phytosanitary certificates are always
required for plants and plant products, as these can represent a
potential hazard to the ecosystem of the country to which they
are being exported.

Lo ad in g / Sto w a ge Su pe rvis io n Ce rtifica te

A loading / stowage supervision certificate is offered by SGS,

and covers the following elements of loading:

*A thorough check of the overal appearance of the cargo and

any packaging.

*Verification that all sugar is being loaded by checking the

number and size of containers against the contract.

*Ensuring that proper handling procedures are followed during

loading.

*Ensuring that the transport medium is clean and sanitary.

*Ensuring that the shipment is adequately stowed and secured,

and that it is protected from the elements.

The loading/ stowage certificate provides the buyer with peace

of mind that not only was the sugar in good condition when it
left the mill or warehouse, but that it was handled properly
prior to shipping. It is also important from the seller’s
perspective that a loading/ stowage certificate be obtained as it
is additional proof in case of mishap in transit that all due care
was taken to ensure successful delivery to the buyer.

Ce rtifica te o f Rad ia tio n

A certificate of radiation states that the shipment is within
internationally acceptable radiation levels.

Cro p Ce rtifica te

A crop certificate states the crop from which the sugar was
produced. This allows the sugar to be traced right back to the
exact point of its origin where it was grown.

Sh ippin g Co m pa n y Sta te m e n t

A shipping company statement relates to the ship aboard which

the sugar will travel. It normally states that the ship is of a
certain age, and that it is well maintained. This document is
designed to provide assurance that the vessel is sea worthy.

*Templates available upon request:

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Pro ce d u re s | Trad in g Te rm s | Co n ta ct U s | Oth e r
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