1. Production Price: $355-420/ton
  2. Spot – Inspection Payment: $460 + $20
  3. Cargill Spot Inspection Payment: $430 + $20 (Buyer’s Commission)

Note:
Cargill Spot: 5% payment required to Escrow account.

All Price Details:
Refer to SCO
Whats app 17789271147 (Canada)

Transaction Process:

C. Standby Letter of Credit/Bank Guarantee/Direct Letter of Credit Transaction Process:

  1. The buyer will issue an ICPO containing a complete CIS, and the buyer needs to provide

complete issuing bank information. If there is a third-party funding, the

funding party’s CIS needs to be provided.

  1. The seller will issue a sales contract and a draft purchase agreement (SPA). Both parties

negotiate the contents of the SPA and sign the final SPA.

  1. The buyer and seller will then negotiate the content of the standby/direct letter of credit template,

and confirm the final template.

  1. The buyer must provide proof of funds (POF), which can be MT199/799/BCL or a bank statement. This proof of funds must be provided by the final buyer. If the buyer cannot provide it, please arrange for 1% payment to the seller, or 5% payment to a lawyer’s trust or third-party escrow account.
  2. The seller should provide a Letter of Authorization (LOA) and at least three past videos and SGS documents containing the seller’s name.
  3. The buyer’s bank should open a transferable or non-transferable standby/designated letter of credit with the seller’s cooperating financial institution, or settle the standby letter of credit and inspection fee by paying 1% to the seller’s account, or 5% to a lawyer’s trust/escrow account.
  4. After the standby/designated letter of credit is verified, the seller’s financial partner will provide a 3% performance guarantee, directly paid to the buyer’s account.
  5. The seller will arrange for the sugar to arrive at a Brazilian port within approximately one month, and the goods will be inspected by relevant agencies (such as CIQ/CCIC/SGS, according to the signed contract). The buyer may attend the inspection process.
  6. After passing the inspection, the shipper will arrange for the goods to be transported to the port designated by the buyer. The entire process takes approximately 45 working days.

After shipment, the buyer confirms receipt of the goods.

The buyer will make payment to the seller’s designated bank account via MT103 within 5 days, according to the terms of the letter of credit.

  1. The seller will then transfer ownership of the goods to the buyer.
  2. The buyer can then prepare to renew the annual contract on schedule.

D. Brazilian Spot/OTG (from Cargill) Wire Transfer Payment

Note: We currently have 50,000 tons of spot sugar in São Paulo, Brazil: Price $430

Plus a $20 commission ($10 for the buyer, $10 for the seller)

Process:

  1. The seller provides a video of the goods in the Brazilian port warehouse.
  2. The Buyer issues an ICPO (Input Purchase Order) and provides proof of funds.
  3. The Seller provides a PPOP (Purchase and Delivery Order).
  4. The Buyer pays a 5% commission to a lawyer’s trust or third-party escrow account. The Seller agrees to

release the funds and pay Cargill.

  1. The Seller arranges for personnel from SGS or another similar inspection company designated by the Buyer

to inspect the goods at the Brazilian port warehouse.

  1. Upon successful inspection, the Seller arranges shipment and

obtains all shipping documents.

  1. After verifying the shipping documents, the Buyer inspects the goods and pays the remaining 95% of the payment by wire transfer, with the payment date based on the confirmed bill of lading date.
  2. Upon confirmation of receipt of payment and successful inspection, the Seller transfers ownership of the goods to the Buyer at the Port of São Paulo, Brazil.

Special Note:

  1. Transaction Records: The Seller can provide a substantial record of successful transactions, including standby letters of credit/bank guarantees and SGS documentation.
  2. Refund and Interest: In the event of force majeure disrupting the transaction, the seller and its law firm guarantee a timely refund, including partial interest.
  3. São Paulo Port Inspection Fee (5%):

A 5% inspection fee will be paid directly to the seller’s law firm, which will arrange for payment to Cargill and other major Brazilian suppliers.

  1. Seller’s Guarantee: Upon receipt of payment, the seller will immediately make payment to the factory or sign a standby letter of credit/bank guarantee.
  2. Prepaid Commission Commitment: The seller will also prepay a portion of the commission to the intermediary.

ABOGLOBE Support Team
WhatsApp 17789271147 (Canada)