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Packing: Bulk
Location: Silo/warehouse in Brazil or in other South American country or in China at Seller’s choice.
Delivery Period: 30 days from the date of the approval of the financial instrument by the Seller’s Bank.
Performance bond:The seller against the buyer’s operative prime bank Standby letter of credit will post a
bond for 2% for the total contracted value.
Specification: At silo/warehouse a representative of SGS or any International Surveyor will confirm and
certify that 100% SOYBEANS GRADE 2 NON-GMO (CERTIFIED) is:
TEST WEIGHT: (LBS/BU) 54 MIN
PROTEIN: 35.0% MIN
MOISTURE CONTENT: 13.0% MAX
SPLITS: 11.0% MAX
FOREIGN MATTERS: 2.0% MAX
SOYBEAN OTHER COLOUR: 2.0% MAX
HEAT DAMAGED KERNELS: 0.5% MAX
TOTAL DAMAGED KERNELS: 3.0% MAX
OIL: 18.0% MIN
CROP YEAR: latest
PAYMENT INSTRUMENT
Fully funded irrevocable, transferable, divisible STANDBY LETTER OF CREDIT SLC unconditional
Confirmed by prime bank, valid for 12 months and one (1) day for the total quantity.
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