FIRST SHIPMENT
: 30 to 45 Days
after Financial Instrument in place
FOLLOWING SHIPMENTS : EVERY 30 DAYS AFTER THE
FIRST
INSPECTION : QUANTITY, QUALITY, WEIGHT AND
ANALYSIS REPORT
BY SGS.
PERFOMANCE BOND : 2%.
Packed in new polylined bags of 50 kgs net
content.
WHITE REFINED SUGAR ICUMSA 45 RBU
PRODUCT DESCRIPTION AND SPECIFICATIONS:
White Refined Cane Sugar with minimum
polarization degree 99.8 degrees, as sound
and fit for human consumption, free running
with regular fine granulation as defined.
Specifications shall correspond completely
to the Certificate of Inspection by
Société Générale
de Surveillance or analogous organization at
the port of loading (hereinafter referred to
as “SGS”). The product shall be in complete
compliance with the Codex Alimentarius code
of food standards as per certificates of SGS.
The Certificate shall state that the product
conforms to the following specifications of
quality as Internationally recognized:
COMMODITY:
WHITE REFINED SUGAR ICUMSA 45 RBU
presented in bags.
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SPECIFICATIONS |
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POLARITY at 20ºC:
99.80º Minimum
SULPHATED ASH CONTENT:
0.04% Maximum by
Weight
MOISTURE:
0.04% Maximum by Weight
MAGNETIC PARTICLES :
4 mg/kg
SOLUBILITY:
100% Dry & free
flowing
GRANULOMETRY:
0.55 - 0.70 Am/mm
ICUMSA : Color 45 ICUMSA
attenuation index Units (Method #10-1978) Maximum AS: 1 P.P.M.
COLOUR:
Brilliant White
REDUCING SUGAR: 0.010% Maximum
in Dry Mass
RADIATION:
Normal w/o presence of cesium or
iodine
SO2:
11 PPM mg/kg |
HEAVY METALS, TOXIC ELEMENTS Maximum mg / kg basis
ARSENIC
0.50
CADMIUM
0.05
COPPER 1.00
LEAD
1.00
MERCURY
0.01
ZINC 3.00
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PESTICIDE TRACES
Maximum mg / kg basis
DDT
0.005
PHOTOXIN 0.01
HEXACHLORAN GAMMA ISOMER
0.005
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MICROBIOLOGICAL LIMITS
PATHOGENIC BACTERIA including SALMONELLA per 25 gram:
Nil
Bacillus per gram:
Nil |
1.1 The White Sugar shall be packed in
50 Kg. Net Wgt./50.172 Kg. Gross Wt.
Poly-lined New Jute Bags. Each bag shall be
secured by tape to assure the safety of the
commodity during ocean transport. Bags shall
be branded in indelible ink or paint in the
English language bearing marks: Made in
“Country”; White Refined Sugar; Net Wt: 50.0
kg; Crop Current; 32 Bags per sling of 1600
Kg. On each vessel, Seller shall at Seller’s
expense supply two (2%) percent of each
shipment in empty bags of the same
specifications.
1.2
The Seller guarantees on his account and
at the risk of Buyer’s right of refusal of
shipment unless each shipment of white
refined sugar shall be provided with a
Certificate from SGS confirming Quantity,
Quality, Weight, and Loading as inspected at
the sources of origin and/or at the port of
loading, and such certificates shall be
provided at Seller’s expense, and shall be
final and binding for both parties.
1.3 The Seller shall at their cost
appoint SGS to draw and seal four (4)
representative composite samples from each
vessel at the port of loading. One sealed
sample shall be delivered to the Vessel
Master; one sealed sample shall be delivered
to the Seller; one sealed sample shall be
delivered to the Buyer; and one sealed
sample shall be retained by SGS as an
impartial representative Product sample.
1.4
The Buyer may, at his own option and
expense, provide additional independent
inspection at the port of loading to confirm
the inspection certificates issued at the
port of loading and/or to observe the vessel
loading. The Buyer’s inspection agency must
be internationally recognized and accepted
by the Seller.
1.5
Origin of the White Cane Sugar is
Brazil.
BASIS OF DELIVERY AND
SHIPMENT:
1.6
The basis of delivery and shipment in
PORT……………………...shall be Twenty-Five Thousand
and Fifty Thousand (25,000/50,000) metric
tons per vessel. Basis of delivery shall be
on the basis of either four (4) Vessels of
Twenty-Five Thousand (25,000) metric tons
per month after receipt and acceptance of
the active LC. The Total Quantity of the
White Sugar delivered shall be 100’000
Metric Tons (+/- 5% at Seller’s option).
1.7 Buyer shall have the right to change
the destination port (s) provided
notification of any change is given at least
thirty (30) days prior to scheduled shipment
date. Buyer may designate open or multiple
destination port (s).
1.8 The total delivered and shipped
quantity of this Contract shall be finally
determined and verified by the Certificates
issued by the inspecting authority, and by
the collective weight total of the Bill(s)
of lading of all shipments delivered and
shipped during the Contract period.
TERMS OF DELIVERY:
1.9
The date of the B/L shall be considered
the date of the shipment and delivery. Third
party B/L shall be
acceptable.
2.0 The shipment and delivery shall
initiate within forty-five (45) to sixty
(60) days at Seller’s option, after receipt
of notice from the Seller’s Bank to Seller
confirming Buyer’s SWIFT issuance of the
financial instrument is in strict accordance
with the terms and conditions of this
Contract.
2.1 The Vessel shall not load any other
cargo. No under-load or afloat cargo is
acceptable.
2.2 The Chartered vessel must be
classified as 100-A-1 in the Lloyd’s
Register or be of equivalent classification.
Vessel shall be seaworthy, in good general
technical condition of less than twenty (20)
years or Seller will bear the premium for
excess coverage costs. Vessel shall carry
the flag of a neutral country.
2.3 Terms and conditions of the Sugar
Charter Party should comply with the terms
and conditions as contained herein. Should
any terms or conditions of the Sugar Charter
Party conflict with this Contract, the terms
and conditions within this Contract shall
prevail.
2.4 The payment of all export licenses,
expenses, taxes, duties, loading charges, or
any other expense of the loading country
will be for Seller’s account unless other
agreements specify differently.
2.5 All import expenses including but
not limited to: import taxes, levies, any
other duties, tariffs, commercial invoices,
applicable taxes, consular fees, customs,
import clearance, any necessary
documentation imposed by the country of
destination, discharging and any related
expenses @ discharge port are for the
account of the Buyer, and are the sole
responsibility of the Buyer.
2.6 The Buyer shall provide a
certificate endorsed by the Principal of the
Buyer warranting that the Buyer guarantees
at his own expense and at the risk of
penalty to have proper import permission
arranged prior to vessel departure. All
damages caused by the Buyer’s failure to
secure Import permission after the vessel
has departed the loading port, shall cause
the Buyer to pay a penalty of 100% of the
cargo value.
2.7 Buyer shall guarantee a minimum of twelve (12.0) meters salt-water
draft on arrival of discharge vessel
throughout the entire water passage from the
anchorage/waiting area to the berth at
discharge including approaches to the
anchorage/waiting area.
2.8 INSURANCE: Any Insurance shall be
for the Seller’s account, and is the sole
responsibility of the Seller.
PROCEDURES AND TIMING:
1)
LOI or ICPO with BCL to be addressed to “The
Seller, Via HMK Consulting”
2)
NCNDA and IMFPA to be complete and returned
prior to releasing FCO to Buyer. (Please
ensure that the NCNDA is signed by the Buyer
and those intermediaries involved.
3)
Seller to Issue FCO addressed to the Buyer.
4)
FCO to be signed by the Buyer and returned
via email to the seller’s representative.
5)
Buyer receives the contract adjusted to his
needs, signs & seals and returns it together
with a copy of Buyer’s company registration
certificate & a copy of the passport of the
authorized to sign on behalf of the Buyer;
6)
Seller returns the contract by exchanging it
by facsimile or email attachment, duly
signed and sealed. The draft copy will be
deemed legal until hard copies exchange.
This will not delay the Buyer in issuing the
Letter of Credit;
7)
Within 5
banking days, after the Agreement
assignment, the Buyer will issue to Seller’s
bank the BG and the FFTRDLC emitted by the
Buyers Bank;
8)
Within 10
banking days, after receive the BG and the
FFTRDLC, the Seller will issue to Buyer’s
bank the Proof of Product;
9)
Within 10
banking days of receiving the BG and the
FFTRDLC , the Seller’s bank will post 2%
operative Performance Bond Guarantee;
10)
Hard copies of the contract are exchanged;
11)
Within 45 days of the Seller receiving the
payment instrument delivery and shipment
commence as per schedule mutually agreed.
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TYPES OF SUGARS
