Nexgen Management

Contract : 12,500MT X 12 Months $720/MT 12 Months Delivery Terms : Irrevocable, Confirmed, Transferable, Revolving DLC COMMODITY: WHITE REFINED CANE SUGAR ICUMSA 45 ORIGIN: BRAZIL DESTINATION: C&F Chittagong, Bangladesh PACKING: In Bulk (50 kg PP bags) INSPECTION: SGS IN LOADING PORT AND AT SELLER�� COST DELIVERY: ARRIVAL AT DESTINATION WITHIN 40 DAYS UPON RECEIPT OF DLC PAYMENT TERMS: PAYMENT BY IRREVOCABLE, CONFIRMED, TRANSFERABLE, REVOLVING DOCUMENTARY LETTER OF CREDIT, ISSUED OR CONFIRMED BY A TOP 50 WORLD BANK. PAYABLE 100% AT SIGHT AGAINST SHIPPING DOCUMENTS P-BOND Seller shall provide buyer at its expense a performance bond in a definite amount equal to 5% INSURANCE: TO BE COVERED BY THE BUYER PROCEDURE: 1. BUYER CONFIRMS PRICE AND FORM OF PAYMENT 2. BUYER ISSUES IRREVOCABLE LOI 3. SELLER ISSUES FCO UPON RECEIPT OF BUYER LOI 4. BUYER SIGNS AND RETURNS THE FCO TOGETHER WITH BCL ISSUED BY L/C OPENING BANK . A COPY OF THE DLC FORMAT SHALL ALSO BE ATTACHED. 5. SELLER CONFIRMS BUYER BLC AND DLC FORMAT AND ISSUES FINAL CONTRACT SPECIFITIONS, FIT FOR HUMAN CONSUMPTION: ICUMSA 45RBU ATTENUATION INDEX UNITS METHOD NO.: 4-197 COLOR SPARTKLING SRYSTAL WHITE POLARIZATION AT 20C: 99.8% MIN MOISTURE 0.04% MAXIMUM SULPHATED ASH CONTENT 0.04% MAXIMUM REDUCING SUGAR 0.05 MAXIMUM BY WEIGHT AS 1 PPM MAXIMUM OS 2 PPM MAXIMUM CU 3 PPM MAXIMUM HPN STAPH AUREUS NIL SUBSTANCE solid CRYSTAL SOLUBILITY 100% DRY AND FREE FLOWING SEDIMENTS NONE SMELL FREE OF ANY SMELL GRANULATION FINE MAGNETIC PARTICLES 4 MG/KG MAXIMUM SO2 20 PPM MAXIMUM RADIATION NORMAL WITHOUT PRESENCE OF CESIUM OR IODINE - CERTIFIED CROP 2009/2010 OR 2010/2011 Phytosanitary certificate of no radiation, no virus, no insect parts, husks, no poisonous matter and non-genetic and is suitable for human consumption.