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ICUMSA 45 Sugar
SBLC/TT 30/70 US$ 310 US$ 320 US$ 340 US$ 350 US$ 360 US$ 375
SBLC non-transferable US$ 330 US$ 340 US$ 360 US$ 370 US$ 380 US$ 395
DLC US$ 345 US$ 355 US$ 365 US$ 375 US$ 385 US$ 400
DLC non-transferable US$ 370 US$ 380 US$ 390 US$ 400 US$ 410 US$ 425
Block Funds US$ 330 US$ 340 US$ 350 US$ 360 US$ 370 US$ 385
2023-03 Pricelist
* Prices and availability are subject to change without notice
ICUMSA 150 Sugar
SBLC/TT 30/70 US$ 350 US$ 360 US$ 370 US$ 380 US$ 405 US$ 430
DLC US$ 370 US$ 380 US$ 390 US$ 400 US$ 425 US$ 450
2023-03 Pricelist
* Prices and availability are subject to change without notice
Brown Sugar
SBLC/TT 30/70 US$ 370 US$ 380 US$ 390 US$ 400 US$ 410 US$ 420
DLC US$ 390 US$ 400 US$ 410 US$ 420 US$ 430 US$ 440
2023-03 Pricelist
* Prices and availability are subject to change without notice
Soybean
SBLC/TT 30/70 US$ 635 US$ 640 US$ 645 US$ 650 US$ 655 US$ 680
SBLC non-transferable US$ 650 US$ 655 US$ 660 US$ 665 US$ 670 US$ 695
DLC US$ 650 US$ 655 US$ 660 US$ 665 US$ 670 US$ 695
DLC non-transferable US$ 665 US$ 670 US$ 675 US$ 680 US$ 685 US$ 710
Block Funds US$ 635 US$ 640 US$ 645 US$ 650 US$ 655 US$ 680
2023-03 Pricelist
* Prices and availability are subject to change without notice
Yellow Corn
SBLC/TT 30/70 US$ 360 US$ 365 US$ 380 US$ 390 US$ 400 US$ 430
DLC / Escrow US$ 380 US$ 385 US$ 400 US$ 410 US$ 420 US$ 450
2023-03 Pricelist
* Prices and availability are subject to change without notice
Yellow Corn
SBLC/TT 30/70 US$ 345 US$ 355 US$ 370 US$ 380 US$ 390 US$ 430
DLC / Escrow US$ 365 US$ 375 US$ 380 US$ 390 US$ 400 US$ 440
2023-03 Pricelist
* Prices and availability are subject to change without notice
Edible Oils
> 15,000MT US$ 1625 US$ 1600 US$ 1575 US$ 1720
TRIAL SPOT US$ 1775 US$ 1755 US$ 1725 US$ 1845
2023-03 Pricelist
* Prices and availability are subject to change without notice
Commodities Purchase Procedure
1. Receive LOI (Letter of Intent) from the buyer.
3. Buyer issues ICPO (Irrevocable Corporate Purchase Order) + BCL (Bank Comfort Letter) as PoF (Proof of Funds).
6. Seller signs the SPA and returns it to the buyer together with a Commercial Invoice.
7. PoP (Proof of Product) and Certifications are presented to the buyer ONLY at this moment. No PoP, Certifications, or proof of
previous deals will be presented at any other time during the negotiation.
8. Buyer´s bank sends to the seller´s bank within 10 banking days, an operative financial instrument (MT 700 or MT760).
9. Once financial instrument has been confirmed by the seller´s bank, the seller starts to perform the contract.
10. Upon receiving an acceptable financial instrument, within 10 banking days, the seller´s bank sends a performance bond (if
negotiated) to the Buyer´s bank.
11. Shipments are to start within 30~45 days after the buyer´s bank releases the financial instrument (DLC) to the seller´s bank.
12. The seller sends an Invitation Letter to the buyer to accompany the shipment.
13. Payment against BL and SGS shipping documents as per item 11.
Payment Terms & Extra details
Payment terms (TRANSFERABLE): Financial instrument, irrevocable, transferable, divisible, bank confirmed, top 25/50 worldwide.
Payment terms (NON-TRANSFERABLE): By LC 100 % AUTO REVOLVING, Cash-Backed, Irrevocable, Confirmed, Divisible, NON-
Transferable, and Unrestricted, Operative at sight at loading port via MT 700 given as Guarantee only (Valid for 12 months). Each
month, within 3 banking days, Report. Payment in destination port + US$ 50 MT. Buyer pays by MT103/TT against the Official Shipping
Document including BL and SGS.
Escrow Account: Buyer put the amount representing one month's face value purchase in ESCROW ACCOUNT – open for 11 months
as Guarantee only and payment of the last delivery (12th month). Each month Buyer pays by MT103/TT against the Official Shipping
Document including BL and SGS Report. The most economical solution for the buyer in terms of financial instruments use! Seller bears
all financial costs within REYL & Cie bank (creation and management costs of the Escrow account dedicated to the transaction / to the
customer).
Accepted financial instrument format: MT 700 and MT 760. MT 720 is not accepted.
Commission (except edible oils): Includes minimum US$ 1,25/MT.
Performance Bond: 2 % (within seven to fifteen days after confirmation of the payment instrument), and payment with financial
instrument nontransferable. not applicable to spot offers
Performance Past: According to the law, it is prohibited to provide past performance data.
GACC registration: Available and up to date. It will ONLY be mentioned in the SPA.
Insurance: 110%. included in the price, borne by the seller.
PPOP: According to the authorization and availability of the refinery/farmer, a PPOP can be made in video, showing the product, date,
and name of the buyer or we provide an allocation letter.
POP: SGS on ship loading. The buyer is invited to be present at the loading of the ship.
POF: Buyer provide POF bank to bank, before of SPA. (A BCL for DD can be requested with ICPO).
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