Dear Buyer

Hereby, we, DANARG TRADING COMPANY, with full corporate responsibility, represent and state that we, under the penalty of perjury, are ready, willing, and able to enter into a supply agreement through our supply partners and sellers with your company upon successful conclusion of negotiations.

We hereby state our intention to supply the commodity under contract with rolls and extension as follows:

Commodity: WHITE REFINED CANE SUGAR 
Origin: Brazil / Oman/Egypt / India / Thailand
Shipment terms: FOB Port
Min Shipment: 500 MT 
Quality: Standard
Contract Period: 12 (Twelve) months with R&E

Price for FOB Jeb Ali / Oman/ India/ Thailand/ Egypt
500 MT Trail:  $520 USD 

12500 MT to 25000 MT monthly: $510 USD  

Delivery Time: 15 working days after confirmation of the bank instrument 
Payment Terms: RDLC MT700 / SBLC MT760 and MT103 at Loading port
Issuing Banks (s): World Top 50 First Class Banks.
Specifications: Specifications as specified below.
Inspection: SGS / Saybolt / Intertek, or equivalent, will conduct the Q&Q inspection.
Packing: 50 KG. pp. bags

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Supplier Highlights:

• The seller is a well-established and reputable company in the United Arab Emirates.
• Past performance and track records will be made available after the contract. 

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FOB Transaction Procedure

1. The Buyer issues an ICPO and sends it with KYC.

2. The Seller signs the ICPO and sends it back to the Buyer together with the Full Corporate Offer (FCO) and Seller’s CIS. The Buyer signs the FCO and returns it, along with Proof of Funds (POF), which is sent directly from the Buyer’s bank to the Seller’s bank for verification.

3. The Seller prepares a draft Sales and Purchase Agreement (SPA) with delivery details, price, and terms, and sends it to the Buyer for review.

4. The Buyer signs and stamps the SPA and returns it to the Seller. The Seller then signs the SPA.

5. The Seller issues the Perfoma Invoice (PI) based on the SPA. Both Buyer and Seller sign and stamp the Performa invoice. 

6. The Buyer’s bank sends the official bank instrument, either MT700 (RDLC) or MT760 (SBLC), to the Seller’s bank.

7. After the Seller’s bank receives and confirms the official bank instrument, it issues a 2% Performance Bank Guarantee (PBG) in favour of the Buyer’s bank, as stated in the SPA.

8. The Seller arranges production, loading, and shipment of the goods under FOB terms to the agreed Loading port. After loading, the Seller provides Proof of Shipment.

9. The Seller sends copies of all shipping documents to the Buyer’s bank. These include the Bill of Lading, Commercial Invoice, Packing List, Certificate of Origin, inspection report (such as SGS), and insurance certificate.

10. The Buyer makes payment by bank transfer (MT103). At the same time, intermediary commissions are paid according to the IMFPA.

11. After full payment is received, ownership of the goods is transferred to the Buyer.

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