THE SECRET OF ICUMSA 45

INTERNATIONAL TRADE MARKET (ITM) THE SECRET OF ICUMSA 45  The simple and irrefutable fact is as follows: sugar is a healthy element in a balanced diet. Carbohydrates, including sugar, are the body's preferred sources of fuel for brain power, muscle energy, and all natural processes occurring in each functional cell. Sugar is more than just a "fun" food ingredient; it is also an essential element. Because it is entirely natural, you can consume it with confidence. As nature's preferred sweetener, sugar is present not only in nutrient-rich fruits and vegetables but is also a key element in diverse foods such as whole grain breads and cereals, yogurts, and tomato sauces. SUGAR PRODUCING COUNTRIES:

The five largest sugar producers in 2011 were Brazil, India, the European Union, China, and Thailand. Currently, Brazil is the world's largest sugar-producing country. Brazil exported 17.7 million tons of sugar to other countries, encompassing nearly 40% of the globally traded sugar that year. The fluctuations in sugar production in Brazil alone can significantly affect global sugar prices.

But what does ICUMSA 45 really mean?

ICUMSA - stands for the International Commission for Uniform Methods of Sugar Analysis. It is a global organization that consolidates the activities of the National Sugar Analysis Committees of more than thirty member countries. ICUMSA is the only international organization solely concerned with analytical methods for the sugar industry. The ICUMSA grading method allows for a meaningful and accurate description of the product that can be easily understood by stakeholders, regardless of their origin.

AGREEMENT PROCEDURES

1. 1. The buyer must issue an Irrevocable Corporate Purchase Order (ICPO-BCL) or ICPO signed and stamped by the buyer's bank. After verification, the seller will issue the Signed-Sealed (FCO) duly filled. Followed by a draft contract for both signing parties.

   2. Within (3) three working days, the buyer must review and countersign or make necessary amendments.

   3. Within (7) seven working days of the agreement being deposited in both banks, the buyer's bank must issue a financial instrument or confirmed and guaranteed by the world's largest bank acceptable to the seller.

   4. Within (10) ten working days of receiving, verifying, and authenticating the buyer's financial instrument, the seller must submit a full Performance Bond (POP) and 2%.

   5. The delivery of the first shipment takes place within 28 to 35 working days from the date of the seller's acceptance of the buyer's financial instrument.

   6. (NCNDA/IMFPA) will be approved by the seller's and buyer's bank. Upon the ship's arrival at the destination port, the buyer unloads the product and within 72 hours, pays all parties their commissions.

   The seller issues complete documents (POP) to the buyer via bank to bank, namely:
   A. Copy of the commercial invoice.
   B. Copy of the export certificate approval.
   C. Copy of the product availability statement.
   D. Copy of the refinery's commitment to produce the product.
   E. Copy of the Transnet contract to transport the product to the port.
   F. Copy of the port storage agreement.
   G. Copy of the charter party agreement to transport the product to the unloading port.
   H. Customer formalities and test report to the buyer's bank.
   I. Certificate of origin. /J. Copy of the ship questionnaire 88.
   K. Authorization for DIP test. (At the buyer's request, and the buyer will pay the full amount)
   L. Copy of the bill of lading /M. SGS report. /N. Tank receipt.

   In the case of FOB, the seller's bank must release the financial instrument immediately after the buyer has received all POP documents. In the case of CIF, when the ship arrives at the destination port and the buyer conducts an inspection on the goods and upon satisfaction / passing of freight (SGS), the seller's bank must release the financial instrument within (3) three working days, and the buyer pays the total amount of the inspection at the destination port.

2. MAKE YOUR REQUEST FOR QUOTATION