Buy 500,000 MT Soybeans
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Finest Trading Group Inc. ,
745 85th Ave. , Unit #E
Oakland CA 94621
Product: Brazil Soybean Grade 2 Non GMO
Country of Origin: Brazil
Moisture: 13.0% MAX
Max. Splits: 20.0 MAX
Protein: 35% MIN
Other Colour: 2.0% MAX
Oil Content: 18.5% MAX
Poisonous Seed/Husk: None
Test WT: 54LB/MIN/BU
Total Damaged Kernel: 2.00% MAX
Foreign Matters: 1.0% MAX
Crop Year: 2004/2005
Quantity: 500,000 Metric Tons divided into 10 shipments of 50,000 Metric Ton/one shipment.
Shipping Schedule: The first shipment is to be on or before May 20 2005. Thereafter, two shipments per month in the following 5 months. Actual shipping dates are to be determined
Contract period: 10 Months
Destination Port: Xin Gang, PR China
Target Price: USD$230.00/Metric Ton CIF Xin Gang, PR China.
Payment Terms: SHIPMENT BY SHIPMENT, BY IRREVOCABLE, TRANSFERABLE, CONFIRMED LETTER OF CREDIT PAYABLE 100% at 90 DAYS AGAINST STANDARD DOCUMENTATION AS CONTRACTED
****Please note that our buyer is an end user of the soybeans to manufacture soybean oils. The buyer is also one of the largest food processors in Asia and has been buying soybeans by L/C 90 days for more than 10 years. Their annual consumption of soybeans can reach about 3,000,000 MT. They need the 90 days terms in order to fit into their production schedule. They will need the soybeans year after year.
Insurance: 110% amount of the goods cover by the shipper to the benefit of the consignee
Inspection: Quality, Quantity, Weight, & Photo by SGS or Equivalent at seller's cost at port of loading, CIQ and CCIC at buyers expense at the loading port
Shipping: 45 days from the date of confirmed L/C on sellers account
Performance Bond: Being 2% of the total purchasing value arranged by sellers bank in favour of Finest Trading Group Inc, and transferable to the order of Finest Trading Group Inc. (Internationally accepted)
Packing Required: Bulk
This is just a very initial inquiry and I would like to know if it is at all possible to have the quantity and price supplied with no interruption. Please note that the final user is an oil manufacturer that needs a very stable source of soybeans in order to produce smoothly.
All banking info will be supplied with initial quote and confirmation of continuous supply.