ON  LETTERHEAD  OF  BUYER’S COMPANY

( TEXT OF LOI ONLY  FOR YEARLY CONTRACT REQUEST BY SELLER )

Date Issued:   (MONTH) / (DAY)/ 2013   

LETTER OF INTENT

YEARLY CONTRACT XXX.000MT X 12 MONTHS

TO     : BRAZIL SUGAR CORP.

ATTN:                              /SELLER MANDATE

We, (BUYER) ………………………………………………ADDRESS ………………………… ……………………………………………… CITY……………………… COUNTRY …………. hereby state and represent that it is our intention to purchase, and we hereby confirm that we are ready, willing and able to purchase the following commodity as per the specification and in the quantity and for the price as specified in the terms and conditions as stated below.

COMMODITY       : Refined White Cane Sugar ICUMSA 45 RBU

ORIGIN: BRAZIL

SPECIFICATION :

Origin: Brazil

Product: ICUMSA 45 SUGAR

SPECIFICATIONS

POLARITY at 20ºC: 99.80º Minimum

SULPHATED ASH CONTENT: 0.04% Maximum by Weight

MOISTURE: 0.06% Maximum by Weight

MAGNETIC PARTICLES: mg/kg 4

SOLUBILITY: 100% Dry & free flowing

GRANULOMETRY: Fine Standard

ICUMSA: Colour 45 ICUMSA attenuation index Units (Method #10-1978) Maximum

AS: 1 P.P.M.

COLOUR: Brilliant White

REDUCING SUGAR: 0.010% Maximum in Dry Mass

RADIATION: Normal w/o presence of cesium or iodine SO2: mg/kg 70

HEAVY METALS, TOXIC ELEMENTS Maximum mg / kg basis

ARSENIC 0.50 CADMIUM 0.05 COPPER 1.00

LEAD 1.00 MERCURY 0.01 ZINC 3.00

PESTICIDE TRACES Maximum mg / kg basis

DDT 0.005 PHOTOXIN 0.01 HEXACHLORAN GAMMA ISOMER 0.005

MICROBIOLOGICAL LIMITS

PATHOGENIC BACTERIA including SALMONELLA per 25 gram: Nil. Bacillus per gram: Nil

QUANTITY                           : 000.000 MT / Shipment / MONTH                                                                

CONTRACT LENGTH             12 MONTHS  (ONE YEAR) With rolls&extensions                                                                         

LOADING PORT                  SANTOS-PORT   (Brazil)                                                                                                            

 DESTINATION PORT        CIF  AWSP

 PRICE                                  USD 000.00/MT CIF ( COST + INSURANCE + FREIGHT)                                                                             

SHIPPING TERMS              CIF  30/45 DAYS  ( MAXIMUM )                                                           

DELIVERY TIME                 NO LATER THAN FORTY-FIVE  DAYS  FOLLOWINGS                                                 

                                               AFTER ACCEPTANCE OF THE PAYMENT INSTRUMENT

INSPECTION                      QUALITY, QUANTITY, WEIGHT BY SGS AT SELLER’S   COST AT LOADING  PORT.

PAYMENT TERMS:

Irrevocable, Transferable, Confirmed, SBLC/ARDLC/LC MT 760 FORMAT Before Loading.

INSPECTION:

Société Générale de Surveillance (SGS) or equivalent shall issue an inspection certificate of the loaded quantity and quality for each shipment to certify that the goods are in good order and conditions and being conform to the specification herein stated. Each shipment must be having phyto-sanitary certificate from ministry of health stating that sugar are good for human consumption.

The seller guarantees that each shipment shall be provided with an inspection certificate of weight, quantity and quality at time of loading and such certificate shall be provided by Société Générale de Surveillance (SGS) or equivalent only at seller´s expense, and shall be deemed to be final. The seller shall instruct said authority to carry out the inspection in strict accordance with the International Chamber of Commerce ( I.C.C.) rules Société Générale de Surveillance (SGS) or equivalent also will provide packing condition report.

1. Buyer issues LOI or ICPO +RWA or BCL
2. The Seller will present the draft contract for acceptance by the Buyer. Contract goes through normal negotiation and validation period. 
3. Buyer returns the draft contract by exchanging it by facsimile or Email attachment, duly signed and sealed, within 24 hours, the draft copy will be deemed legal until hard copies exchanged.
4. Buyer Bank issues SWIFT SBLC MT 760, to receive the Seller Bank  within 5 (five) working days. Seller issues to Buyer Bank POP (3 – 5) days and 2 % PB
5. The delivery and forwarding begin immediately according to the contract.

    All Banking charges including confirmation from the Buyer´s Bank shall be borne by the buyer and all banking charges incurred by the Seller at Seller´s Bank shall be borne by the Seller.

DOCUMENTS REQUIRED BY BUYER:

 1)         Bill of Lading, three (3/3) copies.                                                                                                                    

 2)         Commercial Invoice, three (3/3) copies.                                                                                                              

3)         Certificate of Origin, three (3/3) copies.                                                                                                            

4)         Certificate of Quality and Quantity Issued by SGS, three (3/3) copies.                                                            

5)         Phyto-sanitary Certificate, three (3/3) copies                                                                                                    

6)         Insurance Original, three 3/3) copies.

LOI VALIDITY : 5 days from the date of issuance

The following table is for Buyer’s information and banking details:

BUYER’S BANKING DETAILS:

BANK                                               

ADDRESS                              

SWIFT CODE                        

ACCOUNT NAME                  

IBAN                                      

BANK PHONE                       

BANK E-MAIL                       

BANK OFFICER                    

OFFICER PHONE                  

OFFICE E-MAIL                   

CORRESPONDENT BANK                                                                                                             ADDRESS BANK PHONE

Sincerely Yours,                               ( DOCUMENT MUST BE SIGNED AND SEALED BY BUYER                                                                                                               PLS  INSERT PASSPORT COPY OR OTHER DOCUMENT )

Sign ____________________                                                                                                            President, Director, etc