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sugar raw contract

SALES AND PURCHASE AGREEMENT

REFINED wHITE CANE SUGAR (BRAZIL)

BETWEEN

…….

with the registry number

CONTRACT NO 

Seller’s Representative

Adress

Phone

(the “Seller”)

-AND-

………

with the registry number

Adress

Phone

(the “Buyer”)

IN CONSIDERATION OF THE COVENANTS and agreements contained in this Purchase Agreement the Parties to this Agreement agree as follows

SELLER’S AFFIRMATION

…….. “SELLER”, hereinafter the “Seller”, hereby certifies, represents and warrants that it can fulfill the requirements of this agreement and provide the commodity

BUYER’S AFFIRMATION

…….. “Buyer”, hereinafter, the “Buyer”, makes and confirms that it is ready, willing, and able to purchase Refined White Cane Sugar Grade “A” ICUMSA 45, hereinafter the “commodity”, under the terms and conditions of this sales and purchase agreement, hereinafter the “Agreement” and subject to verification of the buyer’s financial capability by the seller

MUTUAL AFFIRMATION

Upon consideration of the mutual agreements, promises, benefits, terms, and valuable consideration between and in the benefit, with the intervention of the ……….”, the “SELLER” and “………….” the “BUYER”, have determined to enter into this sales and purchase contract in accordance with the following amendment, terms and conditions set out herein

DEFINITIONS IN THIS CONTRACT

“The Seller” and “Seller’s” means, The direct seller or mandate is a Brazilian company”, “SELLER”

The Buyer” and “Buyer’s” means “The final buyer who pays the fees directly” , “BUYER”

“The Contract”, “This contract” and or “The agreement” means this sales and purchase contract

“The commodity” or “The product” means Refined White Cane Sugar – Grade “A” – ICUMSA 45

“MT” means metric tones that are the weight unit under which the product is sold

“USD” means United States Dollar currency, the currency for monetary exchange, monetary expressions, and payments under this contract

“ICC” means international Chamber of Commerce, ICC 500 – 1993 revision

“INCOTERMS ٢٠٢٠ EDITION” means a standard trade definition most commonly used in international sales contracts

“SGS “means Society General de Surveillance

“CIF” means cost, insurance, and freight

“POP” means Proof of Product, as proof of ownership and allocation, the evidence that one party has turned over something (production, existence in the warehouse, SGS certificate, etc.) to another. Commonly, in transportation, a signed, dated acknowledgment of receipt

“LC” means at sight fully funded prime bank “Letter of Credit”

“INTERNATIONAL BANKING DAYS” means refers to the days and dates that banks conduct business, the same as business days. These days do not include weekends or bank holidays

“Monthly and Annual delivery schedule” means the advance programmed shipments that the buyer has to deliver to its clients. Among other pertaining information and designator information, the delivery schedules will include the vessel size of 25,000 metric tons (± 5%)) to the destination port

“SHIPPING ORDER” means the specific individual orders that the buyer will issue to the seller to dispose of the total quantity. Each shipping order shall contain, among other pertaining information, the vessel size or capacity, the destination port, and the requested delivery date within the respective month

“Required documents for shipment” means general, the ship papers, the documents a ship must carry to meet the safety, health, immigration, commercial, and customs requirements of a port of call or of international law; as well as the documents for shipment contained required in this contract

“Signature and date of sales and Purchase Contract” all terms related or referenced to the signature, or the date of the sales and purchase contract will commence on the date of signing this contract

PRODUCT & GRADE

Refined White Cane Sugar – Grade “A” – ICUMSA 45

SPECIFICATIONS

POLARIZATION 99.80% DEGREES MIN

ASH BY ELECTRICAL CONDUCT 0.04% MAX (ON DRY WEIGHT BASIS)

ASH CONTENT 0.04 MAX **MOISTURE 0.04% MAX

ICUMSA 45 RBU MAX, (BRAZIL SGS SCALE)

SOLUBILITY 100% DRY AND FREE FLOWING

COLOR SPARKING WHITE

ICUMSA MAXIMUM 45 ATTENUATION INDEX UNITS (ICUMSA METHOD NO.: 4-1978)

RADIATION WITHIN INTERNATIONALLY ACCEPT LIMITS

GRANULATION FINE TO MEDIUM

LATEST CROP

MAGNETIC PARTICLES MG/KG 4 MAX

SO2 MG/KG 70 MAX

SULPHUR DIOXIDE 20 MG/KG MIN

NO SEDIMENTS

SMELL TYPICAL AND SPECIFIC FOR SUGAR

REDUCING SUGAR 0.05% MAX BY WEIGHT

HPN STAPH AUREUS NOT DETECTED IN 1 GRAM

MAXIMUM AS 1 P.P.M.

MAXIMUM PB 2 P.P.M.

MAXIMUM CU 3 P.P.M.

SUBSTANCE SOLID CRYSTAL

TOLERANCE (±5%)

COUNTRY OF ORIGIN

Brazil, South America

PACKING & MARKING

To secure the safety of the commodity during sea transportation the sugar is to be packed in new 50 (fifty) kilogram net double sacks, being one sack of polypropylene and the other of polyethylene. Tare weight shall be 160 Gram, minimum. Uniformity of bagged net weight is of the essence. Two percent (2%) spare bags shall be supplied free of charge. Each bag shall be clearly marked (in English) with the following: (1) name and grade of product (2) use by date and crop year (3) net weight (4) code marks (5) country of origin

QUANTITY & BASIS OF DELIVERY

A Total of 300,000 MT (±5%), ordered will be delivered at 25,000 MT shipment of Refined White Cane Sugar Grade A ICUMSA 45,

first order loading would be completed within 30 to 35 Calendar Days of receipt and confirmation of the operative financial instrument (PGL.) in the seller’s bank, and contract shipment of 25,000 MT (Twenty Five Thousand Metric Tons) (±5%) in one shipment will arrived max 30-35 Days

PORT OF LOADING

Cargo to be loaded in any Brazilian Port

PORT OF DESTINATION & INCOTERMS

CIF to Mersin Turkey on a CIF basis (Cost, Insurance & Freight) – INCOTERMS 2022 will be

Some destinations may not be possible due to governmental or international trade embargoes or logistic constraints

Any changes or additional ports are to be advised to the seller within a period of 30 days before the date of shipment except no operational ports due to natural disasters – http://www.portarrivals.com /ports

The final port destinations can be changed after a report and acceptance by written to sellers

WEIGHT & QUALITY INSPECTIONS

The Seller guarantees that product delivery will be provided with an inspection certificate of quality, quantity, and weight issued at the seller’s expense at the time of delivery in the loading port

This inspection must certify that the entire product is in good order and prime condition, and following the specifications set forth above

SGS or equivalent must perform the product inspection while loading at the port of loading

Seller will advise the buyer 07 days in advance of the date of Society General de Surveillance (SGS) or equivalent, or by a similar company inspection

The buyer shall reserve the right to witness loading at any Brazil Port

PRODUCT PRICE

PRODUCT: REFINED WHITE CANE SUGAR – GRADE “A” – ICUMSA 45

 DELIVERY  Price CIF / MT  Quantity per  The amount per  Total Contract  
   USD  shipment , MT  shipment, USD  amount, USD  
            
 CONTRACT AMOUNT        
                

 

 

 

 

 

 

 

 

 

TOTAL CONTRACT VALUE: USD (……….US dollars)- For one part

PAYMENT TERMS

Contract Payment, Considering that the buyer does not open an LC, he deposits the entire amount in the exchange approved by the seller and makes the settlement when the cargo is delivered

Payment Currency: USD$

CONTRACT PROCEDURES

Buyer submits LOI allowing soft probe or LOI

Seller issues Full Corporate Offer (F.C.O) to counter buyer LOI,

Buyer confirms Full Corporate Offer and Issues Irrevocable Corporate Purchase Order (ICPO) with seller accepted terms and procedures along with buyer company profile, company registration certificate or a valid passport copy of authorized personnel

Both the seller’s and buyer’s representatives will exchange and duly signed the NCNDA

Seller issues draft sales contract and Proforma Invoice to buyer, buyer returns countersigned contract to the seller with a letter of acceptance. (EDT is acceptable)

Seller reviews signed contract and send a copy of the signed and sealed contract in PDF file to buyer, both parties lodge with their respective bank

Seller releases to buyer the below listed partial PPOP documents after receiving the Draft BG/PGL

Statement of product availability

Certificate of Origin

Letter of Commitment to Supply

Upon arrival of vessel at the designation port, the buyer has three (3) working days to confirm the product against the SGS report of quality and quantity and release the money by issuing Acceptance to seller bank account,

Also buyer has three (3) working days to notify the seller in writing in case of any problems, seller will take full responsibility to refund full money to the buyer after the product certified and judged by an independent inspector of SGS appointed by the Seller and provide the full report to the seller

Seller acquires and issues Export licenses /the following documents

Customs bond

Ocean Bill of Lading (B/L)

SGS report

Packing List

PRODUCT INSURANCE

The seller at the seller’s expense will issue a special REFINED WHITE CANE SUGAR GRADE

“A” – ICUMSA 45 cargo insurance policy. The insurance policy will cover 110% of the CIF invoice value on each shipment

The insurance policy will be issued by an internationally approved insurance company. The insurance policy will be issued in the name of the buyer

DOCUMENTATION PRESENTED FOR PAYMENT

A full set of the following documents will be issued for payment in original and copies

Full set of ٣/٣ ocean Bill of Lading marked “freight prepaid” and clean onboard issued to the order of the buyer

5/5 of duty signed and stamp commercial invoice (each signed in original and stamped by the seller) showing the commodity name, contract number, B/L number, and date, quantity loaded invoice value, and loading port

3/3 of duty signed and stamp Packing list/ Weight memo indicating the actual surveyed and shipped quantity, gross/net weight of each packing, and packing conditions

1/2 Inspection certificate of weight and quality, issued by Société Générale de Surveillance (SGS) declaring that the product is fit for human consumption at the port of loading showing kind, quality, and quantity

1/1 shipping company statement confirming that the age vessel does not exceed twenty (20) years, sea worthy and first-class P&L club covered insurance certificate

1/1 Certificate of origin issued by or end or send by the chamber of commerce of the country

1/1 Insurance certificate covering 110% of the total invoice value. (Seller to provide to the Buyer the name of the Insurer)

١ original “NO CORONA- VIRUS infection Certificate or Safety Commitment Letter”

1 original Inspection certificate from REFINED WHITE CANE SUGAR GRADE A ICUMSA 45

1 original of Phytosanitary certificate to consumption issued by the official

Beneficiary’s certificate confirming that copies of all shipping documents were sent to the buyer’s bank and the hard copies have been sent by (DHL) or similar

Spelling and typographical errors and differences of such nature between bank-issued and beneficiary-issued documents shall not be deemed discrepancies provided that the intent of the writer is clear from the text

Incoterms 2022 is incorporated in this agreement as a copyrighted agreement governed by Incoterms 2022

OTHER CONDITIONS

Partial shipment is allowed

Transshipment is allowed

Shipping documents presented within 21 days after the date of the bill of lading but within the validity of the BG are acceptable

Documents wording (PCT) or (%) or (0/0) or (percent) is acceptable

Shipment in vessels classified Lloyds 100-1 or equivalent

Seller’s to nominate vessel minimum ١٢ days before ETA for loading

Seller to nominate ship agent at discharge port before ETA for loading

Charter party bill of lading and third-party documents acceptable

5% tolerance in quantity and weight and amount is acceptable

TERMS OF DELIVERY

Seller will advise the Buyer of the name of the vessel and/or substitute vessel, the flag of the vessel, and the vessel’s position not later than ١٢ days before the vessel arrived at the port of loading

Seller is responsible for all supervision, fees, and/or levies at the port of loading

The vessel must be classified as 100-a-١ in Lloyd’s register or be of an equivalent classification and must not be older than 20 years

Not later than ٧٢ hours from the completion of loading, the seller’s agent shall telex, fax, or cable the buyer and inform him of the2 vessel’s sailing date and the expected time of arrival at the port of destination. Seller shall inform the buyer of the vessel’s name, vessel’s capacity, number of hatches, number of cargo, and particulars of the vessel’s readiness to affect operations through all hatches and after loading the quantity loaded per chamber and the quantity shipped

VESSEL DISCHARGE AND DEMURRAGE

Lay-time shall commence from 13:00 hours if vessel notices of readiness to discharge are given before noon and from 08:00 hours of the next working day if notice is given afternoon

If the port is congested, then lay-time is to commence 24 hours after notice of readiness is given. The Buyer is responsible for product discharge

The average discharge rate shall be following the charter party and basis on the discharge average of the port of discharge. Always per weather working day of 24 hours. If the port of discharge has a lower average discharge, the discharge rate will be adjusted according to the port’s capacity

Should the vessel be discharged at the rate less than the average, the buyer shall pay to Seller demurrage at a rate stipulated in the time charter party agreement as per running day and prorated share for any portion of any running day. It is agreed that demurrage is settled by the vessel’s master and buyer’s shipping agent a minimum of ٠٥ days from the receipt of the vessel master’s invoice

Should the vessel be required to shift from one berth for another port of discharge, then the time used shifting shall be for the buyer’s account. In the event lighter age is required at the port of discharge, said expenses are for the buyer’s account

All port of loading charges are for the account of the seller and all port of discharge charges are for the account of the buyer

At the loading port, it is on the seller’s account. At the discharging port, it is on the buyer’s account. The demurrage shall be determined by the vessel master’s invoice and a reasonable amount of time shall be deemed as 5 international banking days. All parties shall agree on the amount that they will bear and shall be paid pro-rata. The buyer must ensure requested discharge ports are capable to receive the high volumes of the commodity requested to prevent excess demurrage or excessive delays for the incoming vessel traffic or to impede scheduled deliveries. Seller in no way is responsible for discharge port capabilities or facilities requested by the buyer

ADVICE OF SHIPMENT

The buyer wishes the vessel’s master to advise the buyer’s agent at the port of discharge of the vessel’s name, date of arrival, vessel capacity, number of hatches and number of cargo chambers, quantity loaded per cargo chamber, and the particulars of the vessel’s readiness to affect cargo operations through all hatches

The vessels master shall give 20 days and seven days provisional notice and 72-, 36-, and 12-hours final notice of the vessel’s estimated time of arrival at the port of destination to the buyer’s agent at the port of discharge, such notices shall be affected during normal business hours and weather in berth or not

The above will be applied and the following normal procedure as stated here are being adjusted to apply to the buyer’s preference

05 working days before arrival at the discharging port, the master of the vessel shall notify the seller and the buyer or his authorized agent at the destination port that the ship is scheduled to arrive in 05 days: (a) name of ship (b) nationality of the ship (c) contract number (d) quantity and BL number and date (e) LOA/BEAM (f) number of holds/hatches/cranes/derricks (g) age of ship (h) flag of the ship

(I) ET and ETA of vessel

Marine insurance is to be for the seller’s responsibility and assignment to the buyer and account for up to 20 years of age acceptable

Advising days for shipment as stated above

TERMS OF SHIPMENT “INCOTERMS ٢٠٢٠”

The seller shall ship the goods within the time stipulated in the schedule given and agreed upon by the buyer and seller in this contract

The buyer will not be responsible for the terms of the charter party, which deviates from the terms of this contract unless different terms have previously been agreed upon in writing between the buyer and the seller

The vessel chartered by the seller shall be suitable and seaworthy and shall be in good condition and shall not exceed 20 years of age

The carrying vessel chartered by the seller shall sail and arrive at the port of destination within the normal reasonable period

If the vessel suffers any accident or mechanical problem in route, the seller shall timely advice the buyer of the problem and the buyer shall present the immediate claim to the insurance to cover damage caused by the delay

IMPORT FACILITIES, DOCUMENTS, TAXES, AND FEES

All taxes or levies imposed by the country of destination having any effect on this contract are on the buyer’s account and his sole responsibility. Buyer must have proof of payment or import permissions and permits in writing, by the international chamber of commerce or ministry of trade of commodity receiving port and copies sent to the seller

The buyer bears the sole responsibility of securing all permits, permissions, and licenses or any other documents required by the government of the importing nation

Seller shall bear no responsibility to provide such documentation. The buyer will bear all costs associated with securing such documents and will also bear all costs and penalties if such documents are not secured. In no case shall the seller be held liable for missing or improper documentation the buyer is required to provide. All shipping documents are to be based on INCOTERMS 2022

DEMURRAGE

At the loading, it is on the seller’s account. At the discharging port, it is on the buyer’s account. The demurrage shall be determined by vessel master’s invoice and a reasonable amount of time shall be deemed as 05 bank working days. All parties shall agree on the amount that they will bear and shall be paid pro-rata. The buyer must ensure requested discharge ports are capable to receive the high volumes of the commodity requested to prevent excess demurrage or excessive delays for the incoming vessel traffic or to impede scheduled deliveries. Seller in no way is responsible for discharge port capabilities or facilities requested by the buyer

FORCE MAJEURE

Neither of the contracting parties will answer for the miscarrying out in due time or/and for the improper total or partial performance of either obligation he may have based on this present contract if the miscarrying or improper performance were caused by force majeure, as established by law

The party that invokes force majeure outside of natural causes, earthquake, storms, or fire through (the act of good), or declaration of war, civil war, military action, government emergency actions, stop order, the strike is obligated to let the other party know about it on a period of 05 days, conditions permitting, and has to take all the possible measures to limit consequences. If in 15 days since the event takes place, this does not cease, the parties have the right to ask for reasonable compensation

DISCLOSURE

This contract is not to be freely circulated and is only for the transaction contained herein. All disclosed information about the transaction to insurance agents, shipping companies, banking officials, and forwarding agents, and related parties should not be held as a breach of confidentiality, nor buyer or seller should be held responsible for the actions of officers or agents of such third parties

NON-CIRCUMVENTION AND NON-DISCLOSURE

The parties accept and agree to the provisions of the international chamber of commerce, Houston, Texas, United States of America for non-circumvention and non-disclosure with regards to all and every one of the parties involved in this transaction and contract, additions, renewals, and Third-Party assignments, with full reciprocation for ONE year from the date of execution of this contract with additional 02 years automatic rollover renewals at the close of each transaction or exchange of information. This clause is extended to all subsidiaries

and or affiliated companies and includes and protects the intermediary companies, acting as brokers

It is further agreed that any information about the buyer and seller contained in this agreement is to be held in the strictest confidence

VARIATION AND INDULGENCE

No waiver by a party of any breach, failure, or default in performance by the other parties, and no failure, refusal, or neglect by a party to exercise any right hereunder or to insist upon strict compliance with or performance of the other party’s obligations under this contract, shall constitute a waiver of the provisions of this contract, unless in writing and signed by buyer and seller

MISCELLANEOUS

All documentation related to this contract or referred by this contract shall be in the English language. Any documents generated by the country of origin other than the English language

The document would not be binding on the buyer and seller until the receiving party accepts in writing the English translation as valid

This contract shall not be assigned without the buyer’s prior written consent, and buyer and seller reserve the right to further assign this contract, should the need arise, to ensure the complete performance of its obligations as the seller and the buyer under this contract provided that prior notification of the assignment is given to the other party

MEDIATION AND ARBITRATION

If a claim, demand, disagreement, controversy, or dispute (collectively, “dispute”) arises from or in connection with this contract or the Brach thereof, and if the dispute cannot be settled through direct discussions, the parties agree to endeavor first to settle the dispute amicably by mediation to be held in the city of Houston, Texas, USA thereafter, any unresolved dispute

arising from or relating to this contract or the breach thereof shall be settled by arbitration controversy or claim initiated by written notice by either party to the order (the “notice of arbitration”)

The arbitration shall be conducted in English and held in, Houston, Texas, USA, and the law shall be of England following its international arbitration rules, as supplemented by the supplementary procedures for international commercial arbitration

Each party shall designate one arbitrator (who shall have expertise in the REFINED WHITE CANE SUGAR – GRADE “A” – ICUMSA 45 industry) within 15 days of the receipt of the notice of arbitration and the two appointed arbitrators shall jointly designate a third arbitrator (who shall have expertise in the REFINED WHITE CANE SUGAR – GRADE “A” – ICUMSA 45 industry) within 10 days of their appointment

Judgment on the award rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof and the parties agree that any arbitration awards shall be final, binding, and subject to no appeal, and such awards shall determine responsibility for the costs of arbitration and all matters related thereto

Notwithstanding any other provision of this contract, neither party shall be precluded from seeking injunctive relief or a temporary restraining order before implementing procedures for mediation or arbitration hereunder provided that such party determines in the good faith exercise of its best judgment that it will suffer irreparable harm or injury by any delay caused by mediation or arbitration proceedings. The buyer’s acceptance of the shipment and the product as per the delivery terms of this contract shall be conclusive evidence before any court of law or arbitration that the terms and conditions encapsulated in this contract were fully met by the seller

GOVERNING LAW

The contract will be governed and interpreted following the rules of the ICC and subject to the interpretation of the INCOTERM 2022 edition. Any discrepancies between the governing applicable law and this contract, the parties’ agreement contained in this contract shall prevail, as long as they are legal. If there shall exist any legality conflict between any provision contained herein and any such applicable law or policy, the latter shall prevail; and the provision or provisions herein affected shall be curtailed, limited, or eliminated to the extent (but only to the extent) necessary to remove such legal conflict, and as so modified

any other words, phrases, paragraphs, or articles of this contract shall continue in full force and legal effect

CAPTIONS

The captions used in the connection with the articles of this contract are inserted only for reference. Such captions shall not be deemed to govern, limit, modify, or in any other manner affect the scope, meaning, or intent of any provisions or any part thereof; nor shall such captions otherwise be given any legal effect

ADDRESSES AND NOTICES

The Parties addresses are as recorded herein at the beginning of this contract and notice to such address will be regarded as received within 07 days after dispatched by courier service to such address with a copy to registered mail and a copy by fax and email of the notifications and the courier receipt, all to be sent simultaneously. Any change of address shall be by written notice sent in the same terms and conditions as specified above

ENTIRE AGREEMENT

This contract expresses the entire understanding and agreement between seller and buyer and replaces and supersedes any previous arrangements, understandings, representations, either oral or written, including the ICPO and all other documents previous to this contract and regarding the subject matter hereof

EXECUTION OF CONTRACT

Upon full execution, this contract shall be legal and binding by fax and e-mail copies, each of which shall be deemed as original in nature and will remain enforceable until the buyer and seller execute 04 originals. Seller will send to the buyer by courier four fully executed originals sets with signature on every page of the contract. The seller will execute and distribute all four originals. One set to the buyer; one set to the buyer’s bank, one set to the seller’s bank, and the seller will keep one set. Carbon copies cannot be used and will not be accepted or valid. Thereafter any additions, deletions, or amendments to this contract will not be valid unless agreed in written and signed by both parties utilizing the same procedure described above

SELLER DETAILS BANK

Bank Name…….
Branch Code……….
IBAN No.……………..
Account Name……….

Alternate corporate bank accounts –

due to the different banking regulations and practices around the world, various banking instruments are accepted by some banks in some countries and not accepted by others. Depending upon the documentary credit finally issued by the buyer to the seller, to facilitate the transaction, it may be necessary for the seller to use a bank other than originally designated. Direct contact with any bank designated by the seller without first gaining written permission from the seller will not be permitted and will render this contract null and void

BUYER’S BANKING DETAILS FOR ISSUE “BG.”

BANK NAME………..
BANK ADDRESS………….
ACCOUNT NAME………….
ACCOUNT SIGNATORY……………..
IBAN NUMBER…………..
SWIFT CODE…………….

The buyer reserves the right to change banks upon written notice to the seller. No contact with the buyer’s bank shall be made without the prior written approval of the buyer. Any unauthorized contact with the buyer’s bank shall result in this contract is immediately null and void at the buyer’s option

BREACH OF CONTRACT AND TERMINATION NOTICE

If any party to this agreement should make unauthorized contact with the bank of the seller or the buyer, such contact shall be considered interference with the agreement and shall at the option of the buyer or the seller, constitute a valid reason to terminate this agreement

The interfering party will be charged with the loss of profits in this transaction by the injured party who will be entitled to file legal proceedings against the interfering party at the international chamber of Houston, Texas, United States of America to recover their losses

PENALTIES

The Seller warrants paying a penalty of 2% of loss and damage incurred to the Buyer if the Seller fails to execute the loading of goods to the destination

The Buyer warrants paying of a penalty of 2% of losses and damage incurred to the seller in case of failure to operate the cash block funds in accordance with the terms of payment of this agreement

VALIDITY PERIOD

It is hereby agreed and understood that this contract will hold its validity if banking instruments are put into place no later than 15 (fifteen) days and failing to do so will be liable/subject to a price change if applicable

SCHEDULE OF DELIVERIES

Transfers and delivery first shipment shall happen up to 30 to 35 Days after signature of contract, receipt, and confirmation of an operating financial instrument, with the confirmation of payment by the buyer to sellers. Issued according to article 9 the date of initiation shall be determined by the confirmation and presentation of a bank instrument by the buyer to the sellers

Product: REFINED WHITE CANE SUGAR – GRADE “A” – ICUMSA 45

LOAD PORT: Cargo to be loaded in any Brazil Ports

Period: 30 to 35 Days

CIF to Mersin Ports on a CIF basis (Cost, Insurance & Freight) – INCOTERMS 2020 will be

The order of the buyer

The schedule of deliveries shall be agreed upon between sellers and buyers in ONE/1 Shipments

According to our agreement, based on the INCOTERM 2022 CIF, sellers are responsible to deliver the goods at the port of discharge and the Buyer is directly responsible for unloading the goods as also for any delay caused and demurrage we may have at the destination

“Any fines, taxes, and fees on account of any demurrages occurred at the port of destination, be it on docking timing and/or discharge of the commodity from the respective ship will be on the account of the buyer

CONTRACT SIGNATORIES

In witness thereof, both parties have caused this contract to be signed and executed by their authorized representatives and have thereby understood, agreed, and accepted the terms and conditions so stated herein with signatures affixed below on the first date above written

AS THE SELLER

For and on Behalf:……..
Sign(s) & Seal/Stamp: 
Date of Signature:……….
Name(S):……………
Title(s):…………….

AS THE BUYER S REPRESENTATIVE

For and on Behalf:………..
Sign(s) & Seal/Stamp:……..
Date of Signature:…………..
Name(S):…………..
Title(s):………….

AS THE BUYER

For and on Behalf:……………
Sign(s) & Seal/Stamp:……….
Date of Signature:…………..
Name(S):……….
Title(s):…………

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