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SUGAR

Brazil: Your Trusted Partner in Sugar Exports

When it comes to sugar, Brazil is the world's largest exporter, recognized for the superior quality of its products. Our sugar and ethanol industry, one of the most advanced in the world, offers refined varieties such as ICUMSA 45, widely valued for its purity and consistency.

Why choose Brazilian sugar?

When you choose Brazilian sugar, you're choosing a product synonymous with quality. We export to demanding markets in Asia, Europe, the Middle East, and Africa, always ensuring a constant and reliable supply.

Furthermore, our production follows sustainable practices, which means you will be purchasing a product that not only meets the highest international standards but also contributes to environmental preservation.

With a solid infrastructure and an efficient logistics chain, Brazil is ready to be your trusted partner in the global sugar market.

CIF PROCEDURES FOR THE SALE OF ICUMSA 45

  • The BUYER issues the signed and sealed ICPO in accordance with the SELLER's procedures, together with the customer's CIS, with full corporate details and a copy of the signatory's passport.

 

  • The SELLER sends the FCO to the BUYER, who returns it signed and sealed.

 

  • The contract (SPA) will be sent to the BUYER for review, directly from the delegate to the BUYER. If the negotiation is conducted by an external company or individual on behalf of the BUYER, written authorization from the BUYER for such representation must be presented.

 

  • Upon receipt of the BUYER's signed and sealed SPA on all pages, it will be signed by the SELLER and sent back to the BUYER.

 

  • The Proforma Invoice will be sent to the BUYER via corporate email within 72 hours for signature and sealing.

 

  • Once the BUYER receives the signed and sealed Proforma Invoice, he/she will send the draft bank instrument to the SELLER's finance department for review and approval before sending it to the bank.

 

  • After the financial instrument draft is approved, the client and the SELLER's financial team will hold a Zoom meeting to coordinate submission deadlines and financial documentation.

 

  • BUYER will send an MT199 to SELLER's designated bank, providing proof of funds and asking if SELLER's bank is ready to receive the bank instrument.

 

  • The SELLER's bank will confirm that it is ready and financially able to receive the bank instrument.

 

  • The BUYER will send an MT799 or MT705 via SWIFT, with prior notice and the draft previously authorized by the SELLER.

  • After authorization from the SELLER's bank for the withdrawal, the BUYER will send an MT760 or MT700 via SWIFT with the final bank instrument to initiate the loading process by the SELLER.

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  • The SELLER's bank will issue a Performance Guarantee (2%) within 10 business days after confirmation of the SWIFT MT760 or MT700, together with the SBLC or DLC by the SELLER's bank.

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  • The Proof of Product (POP) between banks must be sent within 10 business days after confirmation of the Swift MT700 by the SELLER's bank.

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  • After the SELLER's bank confirms the financial instrument, the SELLER will begin shipping the product to the port and processing the necessary documents and certificates for export. These procedures will take approximately 20 to 25 days, depending on the quantity requested by the BUYER. Subsequent shipments must be made within 20 to 25 business days after payment via MT103 for the previous shipment.

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  • Once the product arrives at the port of shipment, the BUYER may send up to two representatives to inspect it. If the port authorizes a visit during the shipping process, they will be invited to observe and monitor the shipment's progress.

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  • Regarding the SGS (or similar) inspection, the BUYER may pick up a copy of the documents in person at the port agency, provided the SELLER is notified in advance. If the BUYER sends representatives for the visit (with a maximum of two people), formal authorization must be presented by the BUYER, and the SELLER will determine whether the proposed individuals are approved for the visit.

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  • The SELLER will send copies of the shipping documents and product details to the BUYER's bank, via bank slip, for review and full payment of the cargo. These documents include export shipping certificates, bills of lading (BL), SGS report, etc. Payment must be completed within 5 calendar days after the BUYER's bank receives the documents included in the bank instrument and the contract signed by both parties. If payment is delayed for more than 6 days, the SELLER reserves the right to sell the product immediately, without consulting the BUYER.

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  • After payment is processed by the BUYER's bank, ownership of the goods listed on the invoice will be transferred to the BUYER. For sales with CIF delivery, the SELLER assumes responsibility until the goods arrive at the port of destination and provides all necessary documents for customs clearance at the destination.

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  • The BUYER has 8 days to complete the dispatch and unloading at the destination. If this period is exceeded, any additional costs incurred due to delays in unloading will be borne by the BUYER.

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  • If the BUYER faces any problem at the destination, such as customs issues or outstanding debts with the public treasury, which prevents the completion of unloading, ownership of the goods sold will immediately revert to the SELLER.

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