VENTE N°613440:
23/09/2023 01:40:02
*cumsa 45 sugar floating vessel offer*
✓commodity: *icumsa 45 sugar*
✓origin: brasil
✓ quantity:
*25.000* or *50.000.mt*
✓price : *us$470/mt*
✓commission: *us$10/mt*
^split:
$5 seller'side/
$5 buyet's side
✓incoterm : *cif* *aswp*
✓payment term:
👉 *block funds/* *m103* at unloading port against qq sgs(or équivalent)
*procedure* :
block fund at destination
1. icpo + bcl or rwa
2. seller sends proforma invoice + bl copy to buyer
3. after verification buyer’s bank contact seller’s bank
4. seller’s bank issues purchase agreement
5. buyer approves purchase agreement
6. seller’s bank sends scan copies after buyer's bank open his block fund. (some where in point 2, buyer has already received the bl if the vessel is already loaded)
7. after notification bank to bank seller’s prepares documents for shipment within the time frame provided by buyer and send documents
8. seller’s starts shipping for buyer’s destination
9. at arrival, buyer’s bank issues payment by mt 103 after q&q
