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Commodity: grade 2 yellow corn
Origin: Brazil/Canada USA (sellers choice)
Quantity: 50,000 metric tons (+/-5%)
Price: $180 C&F ASWP, exclusive of commission.
PROCEDURES AS PER PROVISIONAL OFFER:
Procedures:
?The buyer issues proper LOI to the seller.
?The seller issues full corporate offer (FCO) to the buyer (this document) the buyer counter signs the FCO
return to seller with BCL or permission for soft probe
?The seller issues draft contract to buyer for comments and acceptance, the buyer returns the draft
contract showing all amendments required,
?The seller amends where necessary the hard copy contract, signs, seals and issues to the buyer for his
completion, the buyer signs the hard copy contract and returns it to the seller. Any facsimile copy shall be
considered as the original
?Within 10 working banking days after the contract signature, the buyer provides to the seller pre advised
fully funded letter of credit for approval and then forwards it to the seller’s bank.
?In return, within 5 international banking days, buyers non operative l/c is activated by sellers proof of
product and fully active 1,7% performance bond
?Delivery and shipment commence as per the terms and conditions of the contract .
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