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OFFER # 1
a) Commodity:
Soybean
b) Origin:
Brazil, South American (Or Sellers Option)
c) Specification:
London Short Form 3034 or prime bank guarantee G) 1prime
Specification: Soya Grade 2
Quality:Standard Export Quality
Type: Non GMO Fit for Human Consumption
Moisture:14% Maximum
Max Splits: 20%
Min Protein: 35%
Max Colour: 2%
Min Oil: 18.5%
Husks: No Husks
Test WT: 54LB/MIN/BU
Total Damaged Kernels: 3% Max
Foreign Matter: 2% Max
d) Packing:
Bulk
e) Destination Port:
To be disclosed
f) Product Delivery:
First shipment will be shipped within 45 days upon issuance and acceptance of agreed and acceptable
Buyers financial instrument at Sellers Bank.
g) Total Quantity:
4,400,000MT (Four Million and Four Hundred Thousand Metric Tons)
h) Shipment Quantity:
Shipments of a minimum of 25,000MT
i) Price:
USD 225,00/MT (Two Hundred & Twenty Five US Dollars) CIF ASWP
j)Performance Bond:
2,0% (two percent) of the value of the financial banking instrument issued for the first Shipment and
acceptable to seller
k) Payment:
Payment will be made by an Irrevocable, Automatically Revolving, Fully Funded Letter of Credit payable
100% at sight for the value of 300.000 Metric Tons.
i) Procedures
SELLER ISSUE DRAFT CONTRACT IN FAVOR OF THE BUYER
BUYER RETURNS THE DRAFT CONTRACT TO THE SELLER, VIA FAX OR EMAIL, DULY SIGNED
AND SEALED
SELLER REVIEWS AND CONFIRMS ANY CHANGES MADE IN DRAFT CONTRACT, IF AGREED
SELLER ISSUES FINAL CONTRACT
BUYER RETURNS FINAL CONTRACT TO THE SELLER, VIA FAX OR EMAIL, DULY SIGNED AND
SEALED. ALONG WITH THE DRAFT CONTRACT THE BUYER WILL SEND
THE DRAFT COPY OF THE PROPOSED TEXT OF THE LETTER OF CREDIT FOR SELLERS
APPROVAL.
BUYERS BANK ISSUES NON OPERATIVE, CONFIRMED, LETTER OF CREDIT TO SELLERS BANK
SELLER ISSUES 2.% PB IN THE FORM OF A STANDBY LETTER OF GUARANTEE/CREDIT
DELIVERY AND SHIPMENT COMMENCE AS PER SCHEDULE MUTUALLY AGREED
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