Hi Dennis, I just downloaded your ebook. I am based in Bangkok, Thailand and I agree that your book applies not only in the U.S. but anywhere in the world. I really enjoyed reading it. You are an inspiration! Sam Singh

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Sugar Prices UNTIL 12 FEBRUARY 2010

(CIF ASWP Except some ports)

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405 USD (Sugar Price UNTIL 12 FEBRUARY 2010)



2) PRICE, QUANTITIES AND CONTRACT:
2.1 PRICE: $xxx PER METRIC TON
2.1 QUANTITY: xxx,xxx METRIC TONS TOTAL
2.2 M ONTHLY TERMS: xx,xxx METRIC TONS PER MONTH

PRICES UNTIL 12 FEBRUARY 2010

PRICES UNTIL 12 FEBRUARY 2010

3. PORT OF DISCHARGE: CIF ASWP Except some ports

4. INSPECTION: BY SGS AT LOADING PORT AT SELLERS’ COST

5. SHIPMENT BY SHIPMENT: PAYMENT ISSUED OR CONFIRMED BY A TOP 25 TO 50 BANK.

6. PERFOMANCE BOND:
TWO (2%) PERCENT TRANSFERABLE PERFORMANCE GUARANTEE VALUE ISSUED WITHIN TEN (10) INTERNATIONAL BANKING DAYS OF RECEIPT, CONFIRMATION, VERIFICATION AND ACCEPTANCE OF LETTER OF CREDIT ACCEPTABLE TO THE SELLER AND THE SELLER’S BANK.
AS SOON AS THE BUYER RECEIVES AND VERIFIES THE PRODUCT, THE GUARANTEE OF 2% OF THE PB, IS TRANSFERABLE AND RELEASED TO THE SELLER AT YOUR BANK.

7. ORIGIN: 100% BRASIL – SOUTH AMERICA

8. TERMS OF DELIVERY
INTERNATIONAL WITHIN 30-45 DAYS AFTER RECEIVED BUYER’S PAYMENT INSTRUMENT The date of the bill of lading shall be considered the date of shipment and delivery, third party bill of lading shall be acceptable at the seller site.
THE SELLER SHALL HAVE THE RIGHT TO DELIVER EARLIER THAN AGREED IN THE CONTRACT GIVING NOTICE TO AL DESIGNATED PARTIES AS REQUIRED HEREIN, WITH THE APPROVAL OF THE BUYER. THE PRODUCT SHALL BE SHIPPED TO THE RELEVANT PROVISIONS OF THIS CONTRACT WITH THE SHIPMENT TO BE FORWARDED IN VESSELS OF 12.500 MT, OR ITS MULTIPLE WITHIN 30 – 45 DAYS AFTER RECEIPT AND ACCEPTANCE OF LETT ER OF CREDIT.

9. PARTIAL (POP):
WE ARE WILLING TO DELIVER PARTIAL POP IF IT IS REQUIRED BY BUYERS. THE POP MUST BE REQUESTED TO OUR COMPANY O.C.T.I.  LTD, IN WRITING, WHICH WILL BE ISSUED BY THE COMPANY PRICEWATERHOUSECOOPERS (www.pwc.com). THIS PARTIAL PROOF OF PRODUCT WILL BE ISSUED ONCE THE CONTRACT IS SIGNED AND THE BUYER HAS ISSUED THE PROBE OF FOUNDS WITH A RWA OR MT

10. PRODUCT WEIGHT AND QUALITY:

THE SELLER GUARANTEES THAT EACH SHIPMENT OF WHITE REFINED SUGAR FROM BRAZIL SHALL BE PROVIDED WITH AN INSPECTION CERTIFICATE SHALL BE PROVIDED BY S.G.S. OR SIMILAR RECOGNIZED AUTHORITY AT SELLER’S EXPENSE, AND SHALL BE DEEMED TO BE FINAL.

11. PACKING:

THE PRODUCT WILL BE PACKED IN THE 50 KG (FIFTY KILOGRAMS) NEW POLYPROPYLENE BAGS WITH POLYETHYLENE LINING AND REPACKED IN JUMBO SLINGS OF 1.000 KILOS OR 1.500 KG THE BAGS AND/OR ACCORDING TO THE ORDER OF BOARDING OR SHIPMENT OR SPECIFICATIONS LETTER OF CREDIT, HAVE A COMBINED TARE OF 100GM (ONE HUNDRED GRAMS ) AND ARE SUFFICIENT TO ENSURE THE SAFE ARRIVAL OF PRODUCT TO DESTINATION, BAGS WILL BE LABELED IN ENGLISH LANGUAGE.

12. PAYMENT TERMS:
FOR CONTRACT:
IRREVOCABLE, TRANSFERABLE, CONFIRMED, UNRISTRECTED, 100% AT SIGHT, AVAILABLE AT SELLER COUNTER BANK AGAINST PRESENTATION OF DOCUMENTS; AUTOMATIC REVOLVING DOCUMENTRY LETTER OF CREDIT ARDLC . FORM UCP 600 FROM TOP 25 WESTERN BANK TO THE FAVOR OF SELLER (PARTIAL SHIPMENT ALLOWED).. PLUS ONE MONTH VALUE OF SBLC (STAND BY LETTER OF CREDIT) TO SERVE AS GUARANTEE IN THE EVENT THAT BUYER FAILS TO MAKE PAYMENT ON TIME.
FOR SPOTS:
IRREVOCABLE, TRANSFERABLE, CONFIRMED, UNRISTRECTED, 100% AT SIGHT, AVAILABLE AT SELLER COUNTER BANK AGAINST PRESENTATION OF DOCUMENTS, FULLY FUNDED DOCUMENTRY LETTER OF CREDIT FFDLC .. FORM UCP 600 FROM TOP 25 WESTERN BANK TO THE FAVOR OF SELLER (PARTIAL SHIPMENT ALLOWED)
FOR SPO TS EXPRESS:
BUYER SHALL ISSUE TT SWIFT MT 103/23 FOR AN AMOUNT IN DOLLARS SUFFICIENT TO COVER ONE HUNDRED PERCENT (100%) CIF INCLUDED, AT SIGHT AGAINST DOCUMENTS LOADING PORT.
THE BUYER WILL RECEIVE THE BILL OF LADING AS WELL AS THE QUANTITY AND QUALITY CERTIFICATES APPROVED BY SGS OR EQUIVALENT INTERNATIONAL INSPECTORS, AVAILABLE AT EACH LOADED VESSEL.

13. PROOF OF PRODUCT
SELLER AGREES TO PROVIDE PROOF OF PRODUCT TO BUYER’S BANK IN A BANK TO BANK BASIS AND THE LOADING OF THE PB GUARANTEE COVERING THE PB VALUE.

14. PROCEDURES

1. SELLER ISSUES (SOFT OFFER)
2. BUYER ISSUES “ICPO” (IRREVOCABLE CORPORATE PURCHASE ORDER) WITH SOFT PROOF AUTHORIZATION AND RWA , NCND AND IMPFA
3. SELLER ISSUES FCO (FULL CORPORATE OFFER).  BUYER APPROVES, SIGNS AND RETURNS THE SELLER, WITHIN 24 HOURS.
4. SELLER ISSUES A DRAFT CONTRACT FOR THE BUYER’S REVIEW, AFTER TERMS ARE AGREED, BUYER AND SELLER SIGN THE CONTRACT.
5. BOTH PARTIES PROVIDE ELECTRONIC SIGNATURES OF THE CONTRACT.
6. BUYER AND SELLER SIGN AND STAMP THE FOUR ORIGINALS OF THE CONTRACT, TWO COPIES ARE FOR THE BUYER AN D TWO COPIES ARE FOR THE SELLER.
7. BOTH PARTIES SEND A COPY OF THE CONTRACT TO RESPECTIVE BANKS.
8. BUYER ISSUES LETTER OF CREDIT VIA SWIFT OPERATIVE TO SELLERS BANK WITHIN 24 HOURS WITH COPIES BY EMAIL
9. SIMULTANEOSLY SELLER ISSUE ORDER OF SHIPMENT
10. SELLER SENDS BUYERS “POP” PROOF OF PRODUCT TO THE BUYER BANKS WITH COPIES TO THE BUYER.
11. WITHIN TEN (10) WORKING DAYS, SELLER ISSUES 2% PERFORMANCE GUARANTEE BOND.
12. SHIPMENT COMMENCES AS PER CONTRACT.
13. SELLER DELIVERY OF PRODUCT CIF WITHIN 30 TO 45 DAYS FOLLOWS.
REQUIRED DOCUMENT:
ALL THE DOCUMENTS SHOULD BE MADE TO : XXXXXXXXXXXXXXXXXX

OTHER TERMS: THE BUYER SHOULD BE ALLOWED TO INSPECT THE GOODS AT THE TIME AFTER THE FINANCIAL INSTRUMENT HAS BEEN PLACED.

ICUMSA: 45 RBU

POLARIZATION: AT 20OC 99.8% MIN

MOISTURE: 0.04% MAX.

SULPHATED ASH CONTENT: 0.04% MAX.

SOLUBILITY: 100% DRY/FREE FINE FLOWING

RADIATION: NORMAL WITH IN INTERNATIONALLY ACCEPTED LIMIT

CROP: 2008 / CURRENT

ASH CONTENT: 0,04% MAX

MAGNETIC PARTICLES: 4 MG / K

SO2: 70 MG / K

COLOUR: SPARKLING WHITE MAXIMUM 45 ICUMSA ATTENUATION UNITS (ICUMSA

METHOD Nº 1978)

GRANULATION: FINE STANDARD

ASH BY ELECTRICAL CONDUCTIVITY: 0.04 % MAX. (ON DRY WEIGHT BASIS)

SULPHUR DIOXIDE: 20 MG/KG MIN.

SEDIMENTS: NONE

SMELL: FREE OF ANY SMELL

REDUCING SUGAR: 0.05% MAX BY WEIGHT

HPN STAPH AUREUS: NIL

MAX AS : 1 P.P.M.

MAX PS : 2 P.P.M.

MAX CU : 3 P.P.M.

SUBSTANCE : SOLID CRYSTAL

GUARANTEE :

ONE SBLC (STAND BY LETTER OF CREDIT) transferable, divisible, IRREVOCABLE, UN CONDITIONAL, UNRESTRICTED, CONFIRMED, CASHBACKED , TO BE OPERATIVE FOR TWELVE MONTHS PLUS THREE WEEKS UNTIL THE PERIOD OF THE CONTRACT IS COMPLETED AND PAYABLE BY SHIPMENTS OF THE LAST MONTH, ISSUE BY ONE OF THE TOP 25 WORLD BANK

PAYMENT:

MONTHLY PAYMENTS WILL BE BY swift mt 103/23 FOR THE VALUE OF ONE MONTH PAYABLE AGAINST SHIPPING DOCUMENTS ON PORT OF LOADING. ISSUE BY ONE OF THE TOP 25 WORLD BANK.
The payment of the “mt 103/23 shall be made to the Seller, and to the Seller indicated Bank, and payment will be upon the presentation 100% of each shipping documents