To whom it may concern, Yellworld are the ‘Supplier Representative Partner’ for Icumsa 45 Refined Sugar and Icumsa
600-1200 Raw Sugar in Brazil. Our suppliers are Chamber of Commerce Brazil members and represented by a Brazil Law Firm having full authority for the facilitation of sugar trading from Brazil. Our Seller/Supplier partner are the owner of the sugar and hold full legal documentation under Brazil Law to provide and distribute with no intervention of a Broker or Trading Partner.
Yellworld provide assistance to the purchasing body through all documented processes and also legal assistance in the Proof of Product stage. BPS also make sure that the purchasing body is fully protected and comfortable upon each stage of verification before and after the issuance of the payment instrument. Below are the general terms through Bulk/Contract purchasing set out by the Supplier/Seller:
Buyer submits Letter of Intent - Seller returns with Full Corporate Offer through BPS
Buyer submits ICPO
Seller submits Draft Contract. After signing Contract, Buyer shall submit a Bank Comfort Letter on a Bank-to-Bank basis in the name of Seller, or preferable Swift MT799 Proof of Funds. Seller sends independently verifiable Proof of Product (also in conjunction with Brazil Law Firm representation, in a format to be agreed upon by both parties, to Buyer on a Bank-to-Bank basis) After verification of Proof of Product, (within 5 days of Seller's issuance of proof of product), Buyer issues Non-
Operative Documentary Letter of Credit (the "LC"), in favor of the Seller for the term of this Contract. The LC shall be Payable 100% at sight to Seller, upon presentation of shipping documents. Acceptance of and payment for the goods is also based on weight of cargo and the SGS certificate. Title passes to the Buyer only at the time of Receipt of Payment for the delivered goods. Documents on the disclosure of credit must be given in one lot for shipped party. The Seller reserves the right not to load the vessel if the LC for appropriate monthly shipment does not meet
requirement of the Signed Contract. (BG or SBLC for 1 shipment on Contract 12 Month basis as well as ARDLC of remaining) LC shall be payable by SWIFT transfer payment by Issuing bank within 2 (two) banking days upon presentation appropriate documents by the Seller. Vessels Depart
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Icumsa 45 Refined Sugar
