CANE SUGAR ICUMSA 45 – BRAZIL ORIGIN

HS Codes 17019100 : HS Classifcations of Refined sugar containing added flavouring or colouring matter. Harmonized System Codes of Chapter Sugars and sugar confectionery. : Sugars and sugar confectionery.

SpecificationIcumsa 45 Specifications

A PAYMENT GUARANTEE MUST BE PROVIDED FOR ONE MONTH’S PRODUCT PRICE. PAYMENT METHOD MUST BE AS FOLLOWS.
BY IRREVOCABLE, CONFIRMED AND FULLY CASH-BACKED MT760 BG (360+30DAYS)

PAYMENT METHOD ALTERNATIVE 1

  • AFTER THE CONTRACT, BEFORE LOADING, THE BUYER SENDS THE FULL AMOUNT OF THE PROFORMA INVOICE TO THE SELLER’S BANK MT760 BG (360+30DAYS). THE SELLER CHECKS AND APPROVES THE MT760 BG AT HIS BANK.
  • LOADING STARTS.
  • UPON COMPLETION OF LOADING, THE INSPECTION CERTIFICATE AND COPIES OF ALL DOCUMENTS RELATED TO LOADING ARE SENT TO THE BUYER’S BANK.
  • THE SHIP MOVES TO THE DISCHARGE PORT.
  • WHEN THE VESSEL ARRIVES AT THE DISCHARGE PORT, MT103 TT CASH AGAINST DOCUMENTS PAYMENT IS MADE WITHIN 24 HOURS AGAINST ALL ORIGINAL TRANSPORTATION DOCUMENTS, COMMERCIAL INVOICE AND NOR DOCUMENT.

PAYMENT METHOD ALTERNATIVE 2

  • AFTER THE CONTRACT, BEFORE LOADING, THE BUYER SENDS THE FULL AMOUNT OF THE PROFORMA INVOICE TO THE SELLER’S BANK MT 103/72 BLOCKED FUNDS. THE SELLER CHECKS AND APPROVES THE MT 103/72 BLOCKED FUNDS AT HIS BANK.
  • LOADING STARTS.
  • UPON COMPLETION OF LOADING, THE INSPECTION CERTIFICATE AND COPIES OF ALL DOCUMENTS RELATED TO LOADING ARE SENT TO THE BUYER’S BANK.
  • THE SHIP MOVES TO THE DISCHARGE PORT.
  • WHEN THE VESSEL ARRIVES AT THE DISCHARGE PORT, MT103 TT CASH AGAINST DOCUMENTS PAYMENT IS MADE WITHIN 24 HOURS AGAINST ALL ORIGINAL TRANSPORTATION DOCUMENTS, COMMERCIAL INVOICE AND NOR DOCUMENT.

PAYMENT METHOD ALTERNATIVE 3

  • BY IRREVOCABLE, NON-OPERATIVE, TRANSFERABLE, DIVISIBLE, CONFIRMED AND AUTO-REVOLVING LETTER OF CREDIT (IRDLC) 100% PAYABLE AT SIGHT (PORT OF LOADING)
  • DL/C MUST BE OPENED AND CONFIRMED BY FIRST CLASS PREMINIUM BANK.
  • EACH DELIVERY WILL BE PAID BY THE BUYER, THROUGH MT 103, ACCORDING TO THE INVOICE AND UPON PRESENTATION OF THE SGS CERTIFICATE AND OTHER DOCUMENTS AT THE PORT OF ORIGIN/SHIPMENT.
  • IRDLC BECOMES ONLY OPERATIVE WITH 2% PBG.
  • PAYMENTS MUST BE MADE WITH CONFIRMATION OR MAYY-ADD. OTHERWISE THE TRANSACTION WILL BE CANCELED.
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