SOFT OFFER

As seller’s representatives and on behalf of our producers and their trading companies we are pleased to offer you the products listed below:

Raw Brown Cane Sugar-ICUMSA 800/1200 VHP

 Commodity: Raw Brown Cane Sugar ICUMSA 800/1200 VHP

 Origin: Brazil

 Packing: in 50 kg. net weight bags.

  Inspection: SGS at loading port

 Performance Bond: 2% (for contracts only)

 Insurance: 110%

 Prices: CIF ASWP

 Payment:

- Spots: Irrevocable Transferable, Confirmed DLC 100% at sight for total quantity from Top Western Prime Bank.

- Annual Contracts: By RDLC: Irrevocable, transferable, divisible and confirmed Auto Revolving Documentary Letter of Credit from Top Western Prime Bank corresponding to the monthly shipment, revolving the number of months specified in the contract, payable at sight at Seller’s Bank + the contract guarantee in form of an irrevocable, transferable, divisible, assignable and confirmed Stand-byLetter of Credit (SBLC) corresponding to 2 (two) months of the contract with a maturity of 13 (thirteen) months.

Specifications

   Fit for Human Consumption

   Polarity at 20 Deg. Centigrade: 97.80 Min.

   Ash Content: 0.15% Máx.

   Moisture: 0.15% Máx.

   Solubility: 95%

   Granulation: 0.6 mm of Regular Square (medium size)

   ICUMSA: 1200 Typical ICUMSA, Attenuation Index Units Method no: 4-1978)

   Sediments: None

   Magnetic Particles: 10 mg/kg

   SO2: 120 mg/kg

   Radiation: within internationally acceptable limits

   Smell: Free of any smell

   Reducing Sugar: 0.05% max

   Max AS: 1 p.p.m

   Max OS: 2 p.p.m.

   Max CU: 3 p.p.m.

   HPN Staph Aureus: NIL

   Substance: Solid, Crystal max

   Colour: Brown

   Crop: Actual

Procedures:

1.          Buyer issues a LOI;

2.          Seller Representative issues official SCO;

3.          Buyer signs and seals SCO and issues ICPO + BCL;

4.          Seller mandate issues FCO + NCND;

5.          Buyer signs, seals and returns the FCO + NCND;

6.          Seller issues Draft Contract;

7.          Buyer signs, seals and returns the Contract;

8.          Seller signs the Contract and returns it to the Buyer;

9.          Within 3 (three) banking days, the buyer’s bank sends a non-Operative financial instrument for total shipment value to the seller’s bank;

10.    Within 5 (five) banking days, seller’s bank sends Proof of Products (POP) +2% PB via swift bank-to-bank methods and activates payment instruments;

11.    The financial instrument becomes operative;

12.    Shipment starts.

Note that some procedures may vary according to each seller’s instruction as we represent several ones. Procedures must be adjusted according to buyer’s order. They will be confirmed through the FCO / draft contract. The procedures