COMMODITY:

REFINED CANE SUGAR ICUMSA 45 RBU

ORIGIN:

BRAZIL

SPECIFICATIONS:

ADDITIONAL SPECIFICATIONS:

THE  PRODUCT  BEING  SUPPLIED  SHALL  BE  FIT  FOR  HUMAN  CONSUMPTION,  AS  PER INSPECTION  CERTIFICATE

ISSUED BY SOCIETE GENERALE DE SURVEILLANCE (SGS) AND SHALL MEET THE FOLLOWING SPECIFICATIONS:

**POLARIZATION 99.80% DEGREES MIN

**ASH BY ELECTRICAL CONDUCT 0.04% MAX (ON DRY WEIGHT BASIS)

**ASH CONTENT 0.08 MAX

**MOISTURE 0.04% MAX

**ICUMSA 45 RBU MAX, (BRAZIL S.G.S. SCALE)

**SOLUBILITY 100% DRY AND FREE FLOWING

**COLOR SPARKING WHITE

**ICUMSA MAXIMUM 45 ATTENUATION INDEX UNITS (ICUMSA METHOD NO.: 4-1978)

**RADIATION WITHIN CS-137   OF 50 BQ PER KG

**GRANULATION FINE CRYSTAL

**CROP LATEST

**MAGNETIC PARTICLES MG/KG 4 MAX

**SO2 MG/KG 20 MAX

**SULPHOR DIOXIDE 20 MG/KG MIN

**SEDIMENTS NONE

**SMELL TYPICAL AND SPECIFIC FOR SUGAR

**REDUCING SUGAR 0.05% MAX BY WEIGHT

**HPN STAPH AUREUS NOT DETECTED IN 1 GRAM

**MAXIMUM AS 1 P. P. M.

**MAXIMUM PB 1 P. P. M.

**MAXIMUM CU 3 P. P. M.

**SUBSTANCE SOLID CRYSTAL

**TOLERANCE 5% (+/-)

SUGAR SHOULD BE EXTRACTED FROM SOUND UNFERMENTED AND UNDECAYED SUGAR CANE – SUGAR  SHOULD BE CLEAN FREE FROM ANY FOREIGN TASTE OR ODOUR WITH SWEET TASTE CHARACTERISTIC OF WHITE SUGAR WHETHER DRY OR IN SOLUTION – SUGAR TO BE PURE REFINED DEODORISED OF LATEST CROP PRODUCTION WITH GOOD TASTE AND SMELL – THE CRYSTALS SHALL BE UNIFORM IN SIZE AND COLOUR –  SUGAR SHALL BE FREE FROM INSECTS, THEIR FRAGMENTS AND METAMORPHOSIS OR RODENTS EXCREMENT – SUGAR SHALL BE FREE FROM FOREIGN MATTERS, PRESERVATIVES OR ADDED COLOURS; ONLY PERMITTED MATERIAL TO BE ADDED ARE THAT STATED BELOW – ANY OTHER SPECIFICATIONS WHICH ARE NOT MENTIONED IN THE SPECIFICATIONS ARE TO BE ACCORDING TO THE INTERNATIONAL SPECIFICATIONS WHICH WERE  FIXED BY (FAO/WHO/FDA/AND EC) AND THE LOWEST AMOUNT SHOULD BE CONSIDERED FIRST.

TOTAL QUANTITY:

1,200,000.00 Metric Tons

MINIMUM SHIPMENT QUANTITY:

12,500 -25,000 Metric Tons, specific schedule of delivery will be provided

100.000Mt/months

CONTRACT LENGTH:

SPOT 1 x100.000MT + 11 month x 100.000MT

LOADING PORT:

At seller’s choice

DESTINATION PORT & INCOTERMS:

CIF PORT Dubai/AWSP

OR ANY MAIN NON-USA SANCTIONED PORT ONLY ON CIF BASIS (COST, INSURANCE & FREIGHT) –  INCOTERMS 2010 WILL BE APPLIED. SOME DESTINATIONS MAY NOT BE POSSIBLE DUE TO GOVERNMENTAL OR INTERNATIONAL TRADE EMBARGOS OR LOGISTIC CONSTRAINTS. ANY CHANGES OR ADDITIONAL PORTS ARE TO BE ADVISED TO THE SELLER WITHIN A TIME PERIOD OF 30 DAYS PRIOR TO DATE OF SHIPMENT WITH THE

EXCEPTION OF NO OPERATIONAL PORTS DUE TO NATURAL DISASTERS – http://www.portarrivals.com/ports.asp THE BUYER WARRANTS THAT THE PRODUCT WILL NOT  BE TRADED DIRECTLY OR INDIRECTLY WITH OR TO ANY NATION, ENTITY OR DESTINATION PROHIBITED BY THE UNITED NATIONS.

PRICE CIF ASWP:

Dubai USD $ 00,00 net per metric ton

TERMS OF PAYMENT:

BUYER’S  BANK  WILL  SENT  AN  IRREVOCABLE,  TRANSFERABLE, AUTO–REVOLVING, ASSIGNABLE  DOCUMENTARY LETTER OF CREDIT BG/ SBLC/ARDLC/ DLC BY SWIFT MT760 CONFIRMED BY THE BANK TOP 25/50 OF THE WORLD  FOR  THE  SUM  OF  USD$  00, 000,000.00.  COVERING  THE  MONTHLY SHIPMENT QUANTITY AND  VALUE PAYABLE  100%  WITHIN  5  BANKING DAYS  AGAINST PRESENTATION  OF  SHIPPING  DOCUMENTS STATED IN THE CONTRACT AT THE BUYER’S BANK.

THE  DOCUMENTARY  LETTER  OF CREDIT SHALL  BE NEGOTIABLE  AND  PAYABLE  AT  THE  SELLER’S  BANK  AND SHALL BE TRANSFERRED BY BUYER’S BANK DIRECTLY TO SELLER’S BANK. THE ISSUING BANK SHALL ALLOW ADDING CONFIRMATION AND ADVISING BY ANY BANK AT THE EXPENSE OF  THE BUYER’S SIDE.   IF THE   DOCUMENTARY LETTER  OF  CREDIT  ISSUED  BY  THE  BUYER  TO  THE  SELLER  IS  NOT  IN  ACCORDANCE  WITH  THE  TERMS  OF  THE CONTRACT OR  WHAT IS  ACCEPTABLE  TO  THE  SELLER  AND  THE    SELLER’S    BANK, THE SELLER’S AND BUYER’S BANK MUST DISCUSS AND ATTEMPT TO RESOLVE   AMICABLY   ANY EVENTUAL  MINOR   DISCREPANCIES.   FORMAT OF THE STANDBY LETTER OF CREDIT OR THE PRIME BANK GUARANTEE WILL BE GIVEN IN THE CONTRACT.

PACKAGING & MARKINGS

TO SECURE THE SAFETY OF THE COMMODITY DURING SEA TRANSPORTATION THE SUGAR IS TO BE PACKED

IN NEW 50 (FIFTY) KILOGRAM NET DOUBLE SACKS, BEING ONE SACK OF POLYPROPYLENE AND THE OTHER OF POLYETHYLENE AND PALLETIZED. TARE WEIGHT SHALL BE 160 GRAM, MINIMUM. UNIFORMITY OF BAGGED NET WEIGHT IS OF THE ESSENCE. TWO PERCENT (2%) SPARE BAGS SHALL BE SUPPLIED FREE OF CHARGE. EACH BAG SHALL BE CLEARLY MARKED (IN ENGLISH) WITH THE FOLLOWING:

(1)     NAME AND GRADE OF PRODUCT

(2)     USE BY DATE AND CROP YEAR

(3)     NET WEIGHT

(4)     CODE MARKS

SHIPMENT AND DELIVERY:

Shipments will be by way

of 100.000

metric

ton vessels. The first shipment will be between

30 and 45 days following confirmation, verification, authentication of an operative payment

instrument in a format acceptable for the Seller and the Seller’s Bank.

INSPECTION:

By SOCIÉTÉ GÉNÉRALE DE SURVEILLANCE (SGS) inspection services/inspects and verifies the quantity, weight and

quality of traded goods.

CERTIFICATIONS:

Certificates as GOST, SABS etc are NOT included in the price.

DOCUMENTS FOR CLEARING GOODS AND SETTLING PAYMENTS:

Signed Commercial Invoice 3 original plus 3 copies. Original Bill of Lading, plus 3 N/N copies.

Certificate of Quality-original plus 3 copies. Certificate of Quantity-original plus 3 copies. Certificate of origin plus 3 copies.

Certificate of Ownership plus 3 copies. Signed Packing List 3 original plus 3 copies

Charter Party Agreement 3 copies.