Quotation day: 01-05-2019 - orientative prices.

Definitive quotation only across ICPO+ RWA or BCL

SOFT CORPORATE OFFER
Brazilian Cane Sugar in bulk - May. 2019 Price list - PRICES CIF ASWP - USD/Mt.
SPOTS (1)(3) ANNUAL CONTRACT (2) ANNUAL CONTRACT (2)
MONTHLY SPOT VALUE GUARANTEE (SBLC) SPOT VALUE LETTER OF CREDIT (LC) 1 MONTH VALUE (SBLC) FULL CONTRACT VALUE (SBLC)

PRODUCT QUANTITY-Mt 3 MONTHS MATURITY 3 MONTHS MATURITY RDLC MONTHLY PAYMENT MT-103 MONTHLY PAYMENT
12,500 335 355 320 280
25,000 325 345 310 270
ICUMSA 45 50,000 315 335 300 260
100,000 305 325 290 250
200,000 295 315 280 240
ICUMSA 12,500 370 400 365 315
100 &150 25,000 365 395 355 305
Crystal sugar (S-30) 50,000 355 385 355 305
100,000 345 375 335 285
Bulk ICUMSA 12,500 405 435 390 350
Vessel --> 600 to 1.200 25,000 390 420 380 340
Not packing Very Hight Polarisation - Sugar 50,000 380 410 370 330

Chronogram (days)
0 5 20 25 38-50
Transport to load port Load Ship Maritime Transit Discharge

Buyer Bank documents Proof of Product:
-Origin Certificate
-Phitosanitary Certificate
-SGS Product Analysis
´-Location Certificate
Loading documents: Ship's Departure Ship's Arrival
-Insurance contract
-Bill of Landing
-SGS weight & quality Analysis in vessel
-Commercial invoice

* Visits to Brazilian facilities are only allowed after compliance and issuance of banking instruments.
* All Guarantee and payments must be confirmed by TOP 25 world bank.
* 2% PB, only when have Buyer Bank Guarantee.
(1) DLC non-transferable against shipping documents.
(2) BG (SBLC) sending by MT 760 with 13 months of maturity.
(3) BG (SBLC) for spots sending by MT 760 with 3 months of maturity.