Brazil CANE SUGAR ICUMSA 45
Origin Brazil
Prices CIF for a 12-month period
- 12,500 MT: USD$ 430 per MT
- 25,000 MT: USD$ 410 per MT
- 50,000 MT: USD$ 400 per MT
Our payment terms include DLC/LC/SBLC
GACC is available for Chinese Buyers.
1. Buyer issue a LOI, Seller issues SCO. Buyer return SCO signed along with the ICPO.
2. Seller send FCO with the SPA.
3. After both parties agree on the terms and conditions and sign the SPA, by their respective authorities, the Buyer will issue DLC/SBLC at sight as a Bank-to-Bank Draft or Verbiage (serves as Proof of Funds).
4. The buyer sends the draft of the verbiage of the financial instrument to the seller bank for approval.
5. When Seller bank approves the SBLC/DLC Verbiage issued by Swift, The Seller will issue the partial proof of product and submit it to the Buyer as mentioned below(PPOP) :
i. Certificate of Origin
ii. Commitment to supply certified by the Chamber of Commerce
iii. Export Trading License.
iv. Proof of Product Existence Statement.
6. The Buyer will issue a DLC/SBLC.
7. The Seller will send the PB 2% within maximum 14 days after verifying the instrument to the seller account.
8. Within 20 to 30 Business Days Packaging, Inspection, Loading, and shipping commences.
9. The seller will send complete shipping documents to the Buyer and Buyers bank via email and DHL.
10. For each shipment, payment shall be released against a complete set of verifiable original shipping documents at the port of loading within three (3) business days of receipt of the original documents
11. The same procedure continues until the complete quantity is shipped.
CIF or FOB Brazil
Before you waste all your time -* Check out some important info about the U.S. Sugar Import Quotas for 2024 to clarify a few things:
Raw cane sugar: The total annual quota is about 1,242,195 Metric Tons, equating to around 103,516 MTs per month._
Refined sugar (including ICUMSA 45): The total annual quota is 232,000 MT, so only about 19,333 MT per month._
Given these quotas, the idea of finding hundreds of thousands of metric tons of Sugar readily available in *Miami or any other US Port is unrealistic.* The quotas are strictly regulated and managed by the USDA and USTR.
For more details, you can check out these sources:
https://ustr.gov/about-us/policy-offices/press-office/press-releases/2024/march/ustr-announces-fiscal-year-2024-allocation-additional-tariff-rate-quota-volume-raw-cane-sugar
This means that ICUMSA 45 Sugar, being a Refined Sugar, cannot be imported into the U.S. in large quantities due to these strict quotas.