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Commodity Offer

The document outlines offers for white refined sugar and Thai jasmine rice, detailing product specifications, pricing, and payment procedures. The sugar offer includes a minimum quantity of 12,000 MT at $380 per MT, while the rice offer is for 25 MT at $1,200 per MT, with various payment options including cash and letter of credit. Both products are suitable for human consumption and include specific terms for contract approval and shipping processes.

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0% found this document useful (0 votes)
11 views3 pages

Commodity Offer

The document outlines offers for white refined sugar and Thai jasmine rice, detailing product specifications, pricing, and payment procedures. The sugar offer includes a minimum quantity of 12,000 MT at $380 per MT, while the rice offer is for 25 MT at $1,200 per MT, with various payment options including cash and letter of credit. Both products are suitable for human consumption and include specific terms for contract approval and shipping processes.

Uploaded by

Trade extra
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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SUGAR OFFER

1. PRODUCT: MQO – 12000MT PRICE $380 PER MT


WHITE REFINED SUGAR ICUMSA 45 – SHALL CONFORM WITH THE FOLLOWING SPECIFICATIONS AND/OR
INTERNATIONAL STANDARD SPECIFICATIONS, FIT FOR HUMAN CONSUMPTION.
ICUMSA: 45 RBU ATTENUATION INDEX UNITS METHOD NO.: 10-1978
COLOR: SPARKLING CRYSTAL WHITE
POLARIZATION AT 20'C: 99.8% MIN
MOISTURE: 0.04% MAXIMUM
SULPHATES 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 STANDARD 0.55 – 0.70 AM/MM
MAGNETIC PARTICLES: 4 MG/KG MAXIMUM
SO2: 20 PPM MAXIMUM
RADIATION: NORMAL WITHOUT PRESENCE OF CESIUM OR IODINE: CERTIFIED
PHYTOSANITARY CERTIFICATE OF NO RADIATION, NO VIRUS, NO INSECT PARTS, HUSKS, NO POISONOUS MATTER
AND NON-GENETIC AND IS SUITABLE FOR HUMAN CONSUMPTION
CROP: 2020

2. PROCEDURES
A) SELLER PROVIDES DRAFT OF CONTRACT TO BUYER FOR HIS REVIEW, APPROVAL AND SIGNATURE;
B) BUYER APPROVES OR MAKE CHANGES TO THE DRAFT; BUYER RETURNS A SIGNED COPY TO THE SELLER;
C) SELLER APPROVES AND SIGNS CONTRACT
D) BUYER’S BANK ISSUES TO SELLER’S BANK A VERIFIABLE RWA/POF
E) SELLER INITIATES SHIPPING PROCESS
F) SELLER’S BANK SENDS COPY OF FULL SET OF SHIPPING DOCUMENTS TO BUYER’S BANK AND BUYER’S
BANK ISSUES MT760 SBLC TO SELLER’S BANK
G) PAYMENT IS MADE WITHIN FIVE (5) WORKING DAYS AFTER RECEIPT OF VERIFIABLE SHIPPING
DOCUMENTS, AS REQUESTED BY BUYER

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#
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RICE OFFER

THAI JASMINE RICE:


1.) THAI JASMINE FRAGRANT RICE

MQO : 25MT

PRICE $1200 PER MT

Terms of payment
From the time we have settled on the details of a purchase order (PO), you can
expect to have your wares within no less than 30 work days. However, depending
on the size of your order, It can even be shipped off within two weeks of an
agreement to the PO.

We will consistently keep you informed on how your order is progressing with
pictures and updates, so you can be certain that everything is proceeding correctly
according to our agreement.

We require an upfront payment of 40% of the total sum of the order to initiate
production, the remaining 60% will be payable when the order has successfully
been shipped off.
TM THAI RICE
offers two options for the terms of payment; either cash (1) or a letter of credit (2)

Cash

• Any order is payable through Krung Thai Bank (KTB)


• We will provide all the relevant account details upon agreement
• Paying by cash is the faster and cheaper option
Letter of Credit (LC)

This method involves four participants: Buyer, Issuing bank, Advising bank and Seller

1. Buyer and Seller agrees to the terms, including; means of transport, period of credit
offered (if any) and final date of acceptable shipment.

2. Buyer applies to the Issuing bank to issue the Letter of Credit. The Issuing bank will
then evaluate Buyer's credit standing and may require cash cover and/or reduction of other
lending limits.

3. The Issuing bank then issues the Letter of Credit, forwarding it to the Advising bank by
any appropriate means.

4. The Advising bank establishes authenticity of the Letter of Credit and then informs the
Seller.

5. Seller should now check that the Letter of Credit matches the commercial agreement
and that all its terms and conditions can be satisfied.

6. Seller ships the goods, then assembles the documents called for in the Letter of Credit
(invoice, transport documents etc.)

7. The Advising bank then checks the documents against the Letter of Credit. If the
documents are compliant, the Advising bank then pays Seller and forwards the documents
to the Issuing bank.

8. The issuing bank now checks the documents. If they are in order the Issuing bank then
reimburses the Advising bank immediately

9. The issuing bank debits the buyer and releases the documents (including transport
documents), so the Buyer can claim the goods from the carrier.

SAMPLE CAN BE ARRANGE


THE BUYER MUST PAY UNPRONT THE DELIVERY COST OF THE SAMPLE WIT THE SAMPLE
SHIPPED.

WE CAN ARRANGE THAT AFTER THE PUCHASE ORDER IS ISSUED

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