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IT IS OUR CORPORATE INTENTION TO PURCHASE THE
COMMODITY IN THE QUANTITY AND FOR THE PRICE AS SPECIFIED IN THE TERMS
AND CONDITIONS STATED BELOW.
THIS REPRESENTATION IS MADE WILL FULL CORPORATE AUTHORITY AND
ALSO RESPONSIBILITY OF THE STATED BUYER.
COMMODITY : YELLOW CORN #2 USA STANDARD
QUANTITY :4 00,000mt
1st CONTRACT 200,000MT, SECOND CONTRACT 200,000MT.
SHIPMENT : EVERY MONTH 50,000MT
ORIGIN : USA,
CROP :2003/2004
DESTINATION : BUSAN,KOREA
TARGET PRICE : USD 95PMT CI F
Specification : YELLOW CORN GRADE # 2 USA STANDARD
Moisture Content 14 % Max
Admixture 2,5 %
Heat Damaged Kernels 0,5% Max
Protein 9 % Min
Total Damaged Kernels 3,5% Max
Hectoliter 68 KC Min
Weight/Bushel 54 Min
Poisonous Seeds 2 Seeds/100 Kg
Aflatoxin total 20 % Max
Radiation None
1. Free from mould and toxins - visible or otherwise
2. Free from weed seeds and any other foreign material
3. Free from all types insects- dead or alive
4. Free from stones, dust and iron-fillings
5. Free from all odour, rot or any such damage
6. Must be free flowing material without any clumps
MODE of PAYMENT :
SBLC , IRREVOCABLE, NONTRANSFERABLE, PAYABLE 45 DAYS AFTER DATE OF B/L.
100,000MT OF VALUE X 4
PACKAGING : BULK
INSPECTION : FGIS or SGS
GUARANTEE : SELLER TO ISSUE 3% PERFORMANCE BOND
DISCHARGE RATE : 3,000MT
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