Sugar Direct
Dear Sir/Madam
Due to the ever-increasing volume of brokers’ and intermediaries of every description it has become difficult for buyers’ to find a direct route to genuine and real Sugar sellers without involving broker daisy chains.
SUGAR-DIRECTtm is a registered trade mark of International Corporate Consultancy who under a joint venture agreement with a real Sugar seller have produced procedures and protocols to remedy the above.
The system operates through accredited brokers and gives the buyer direct access to the seller, this keeps broker commissions to a minimum and the ultimate price for the produce affordable.
ICEBREAKER 2000 has received accreditation and is hereby in a position to offer you a confidential service for the procurement and purchase of Sugar..
Minimum orders start from 12 500MT up to 1 000 000MT. All prices are quoted CIF ASWP in bulk or 50 Kilo bags. Payment is by Fully Funded, Irrevocable, Transferable, Letter of Credit 100% at sight.
Advantages of Sugar- Direct
1. No Broker Daisy Chains. The buyer and seller negotiate the contract directly with one another.
2. Guaranteed performance.
3. Competitive prices
4. Accreditation Brokers (Verification available upon request.)
Procedures
Buyer submits LOI / ICPO on own letterhead not older than 2 days signed and stamped with official seal. The LOI/ICPO should contain the following information as a minimum and should follow the format of the LOI template (available upon request) where possible:
Performance Bond: Two (2%) percent of the L/C value which will be revolving until last shipment.
Payment: By confirmed, Irrevocable, revolving, divisible, operative L/C, which will be fully payable upon satisfactory loading of cargo and inspection at the seller’s port of shipment.
Documents: Quality & Weight Certificates, Origin, Phytosanitary Certificates, Packing List, & Standard Shipping Documents.
· Specification of Sugar required.
· Volume of order.
· Bulk or 50 Kilo Bags.
· Shipping Details Proposed Volumes.
· Discharge Rate.
· Destination Port
· Target price.
· Financial instrument
· Full banking co-ordinates including account number, SWIFT Code, Contact name at bank, Confirming Bank Name and Address if bank issuing LC is not a prime bank.
· Name of Authorised Contract Signatory.
· Introducing Accredited Broker Code ICC/01200132/SD
Buyer financial capability may be verified prior to draft contract.
The seller will issue an FCO for the buyer's signature unless requested to go direct to contract in the LOI/ICPO.
The buyer signs the FCO or Contract
If FCO is issued first then the Seller issues contract with full banking for signing and return upon receipt of signed and sealed FCO.
Buyer's bank sends pre-advised L.C. for non-operative 2% PB In return.
The sellers activated 2% PB with proof of product bank to bank will activate the LC.
Shipment will commence within 30 to 45 days from the date the L.C. is activated.
The Buyer has a right at anytime during the above procedures for direct access to the seller without the allegation of circumvention.
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