Pakistan Long Grain White Rice 25% Broken 575 $ / MT CIF Aswp

 
SOFT OFFER
 

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PRODUCT NAME & SPECIFICATIONS
THE COMMODITY SHALL BE CORRESPONDING AS PER INSPECTION CERTIFICATE ISSUED
BY SGS AT PORT OF LOADING CONFIRMING THAT THE COMMODITY MEETS THE
FOLLOWING TERMS:
COMMODITY: PAKISTAN LONG GRAIN WHITE RICE 25% BROKEN
SPECIFICATION :
PAKISTAN LONG GRAIN WHITE RICE 25% BROKEN - SHALL CONFORM TO THE FOLLOWING
SPECIFICATIONS AND/OR INTERNATIONAL STANDARD.

CROP: 2007

ORIGIN :
PAKISTAN

PACKING
50 KG POLYPROPYLENE BAGS-SELLER'S DETAILS SHALL NOT APPEAR ON THE
BAGS.ONLY BASIC LABELS LIKE THE PRODUCT, WEIGHT ORIGIN ARE REQUIRED.


PORT OF DESTINATION & INCOTERMS
COST, INSURANCE AND FREIGHT (C.I.F.), ANY SAFE WORLD PORT (A.S.W.P.),
DJIBOUTI. INCOTERMS 2000 AND DELIVERY SCHEDULE TO BE PROVIDED BY THE BUYER.

TOTAL QUANTITY & BASIS OF DELIVERY

TOTAL : 4.000.000 METRIC TONNES
SHIPMENT SIZE : 33.000 METRIC TONNES
TERM OF CONTRACT : 12 Months
SHIPMENT TO COMMENCE WITHIN 30/45 DAYS AFTER RECEIPT OF AN ACCEPTABLE
OPERATIVE LETTER OF CREDIT FROM THE BUYER'S BANK

PRODUCT PRICE
PRICE USD$ 585.00 / PER METRIC TON CIF
CONTRACT VALUE

TERMS OF PAYMENT
BY IRREVOCABLE, TRANSFERABLE, DIVISIBLE, COVERING THE EACH SHIPMENT FFDLC
AT SIGHT.

PERFORMANCE BOND PERFORMANCE BOND.

PERFORMANCE PENALTY :
THERE IS A TWO (2) PERCENT PENALTY APPLICABLE TO BOTH SELLER AND BUYER
SHOULD THEY DEFAULT IN THEIR CONTRACT OBLIGATION.

WEIGHT & QUALITY INSPECTION
SOCIETE GENERALE DE SURVEILLANCE(SGS) AT SELLER'S COST SHALL INSPECT
COMMODITY AT THE PLACE OF LOADING. SGS SHALL ISSUE AN INSPECTION CERTIFICATE
OF QUALITY AND QUANTITY FOR EACH SHIPMENT TO CERTIFY THAT THE GOODS ARE IN
GOOD ORDER AND CONDITION AND BEING CONFORM TO THE SPECIFICATIONS HEREIN
STATED

 


PROCEDURES
THE BUYER ISSUES A LETTER OF INTENT WITH FULL BANKING CO-ORDINATEDS
AND AUTHORIZATION TO CONDUCT SOFT PROBE OR PRODUCE FRESHLY DATED
BANK COMFORT LETTER OR RWA.
THE SELLER ISSUES A FULL CORPORATE OFFER. THE BUYER REVIEWS THE FULL
CORPORATE OFFER AND SIGNS, STAMPS AND RETURNS THE DOCUMENT
INDICATING THAT THEY ACCEPT THE OFFERS AND ITS TERMS AND CONDITIONS.
THE SELLER ISSUES DRAFT CONTRACT. THE BUYER SIGNS, STAMPS AND RETURNS
THE CONTRACT WITHIN 5 BUSINESS DAYS, INDICATING THAT THEY ACCEPT THE
CONTRACT AND ITS TERMS AND CONDITIONS. ANY FACSIMILE OR ELECTRONIC
COPES SHALL BE CONSIDERED AS THE ORIGINAL.
WITHIN FIVE (7) BANKING DAYS OF CONTRACT SIGNATURE, THE BUYER OPENS
NON-OPERATIVE FINANCIAL INSTRUMENT
WITHIN SEVEN (7) BANKING DAYS AFTER RECEIPT OF NON OPERATIVE FINANCIAL
INSTRUMENT ACCEPTABLE TO THE SELLER AND THE SELLERS BANK, THE SELLER
ISSUES PROOF OF PRODUCT (POP) BANK TO ACTIVATE THE LC.
DELIVERY AND SHIPMENT COMMENCE AS PER THE TERMS AND CONDITIONS OF
THE CONTRACT.


VALIDITY DATE
IT IS HEREBY AGREED AND UNDERSTOOD THAT THIS FCO WILL HOLD ITS VALIDITY
UNTIL 8 MAY 2008 AND FAILING TO BE RETURNED IN DUE TIME WILL CAUSE A PRICE
CHANGE IF APPLICABLE.

Pakistan LONG GRAIN WHITE RICE 25% BROKEN 575 $ / MT CIF ASWP