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IC 45 Sale Purchase Agreement AOI - EACG SARL 30th June 2023

This Sales & Purchase Agreement (SPA) outlines the terms for the sale of 35,000 MT of Brazilian Sugar ICUMSA 45 from AOI Agro Pvt Ltd to an unnamed buyer, with shipping terms CIF to Lome, Ghana, over a 12-month period. The contract specifies a price of USD $365 per MT, payment terms, and documentation requirements for shipment. Both parties agree to adhere to INCOTERMS 2010 and can amend the contract as necessary.

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16 views6 pages

IC 45 Sale Purchase Agreement AOI - EACG SARL 30th June 2023

This Sales & Purchase Agreement (SPA) outlines the terms for the sale of 35,000 MT of Brazilian Sugar ICUMSA 45 from AOI Agro Pvt Ltd to an unnamed buyer, with shipping terms CIF to Lome, Ghana, over a 12-month period. The contract specifies a price of USD $365 per MT, payment terms, and documentation requirements for shipment. Both parties agree to adhere to INCOTERMS 2010 and can amend the contract as necessary.

Uploaded by

GLOBAL IMPEX INTERNATIONAL
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd
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SALES & PURCHASE AGREMENT (SPA)

Commodity – BRAZILIAN SUGAR ICUMSA 45 Crop Year 2022-2023

Export Sales- Purchase Agreement of Brazilian Sugar


ICUMSA 45 with Shipping Terms CIF, LOME, GHANA.

Contract No.: AOIAPL-EACG-SARL /Export/ ICUMSA 45/002


Date: 30th June, 2023
SELLER (EXPORTER) – FIRST PARTY

Company Name : AOI AGRO PVT LTD PUNE


Address : S.NO.49/2, FLAT NO.202, SHRIRAM PRIDE, WADGAON
SHERI,
PUNE, MAHARASHTRA – 411014, INDIA
E-mail : [email protected]
Contact person : Mr. Harish Kulkarni (+91-8655735515)

BUYER (IMPORTER) - SECOND PARTY

Company name :
Address :
E-mail :
Contact person : Mr.

Whereas : The FIRST PARTY as the Seller willing and able to supply the “Product” of
“ Brazilian Sugar ICUMSA 45 ” to the SECOND PARTY at the total quantity of 35000 MT
monthly order on CIF terms” agreement for 12 months with the variation of ± 5%
(plus minus Five percent) Partial shipment is allowed, with full corporate authority and
responsibility hereby certifies represents and warrants that it has the product and is
willing to sell in term of price and can fulfill the commodity specifications, quality,
quantity and timely mannered of deliveries agreed in this contract;

Whereas : The Second Party as the Buyer hereby confirms that it is ready, willing
and able to purchase the “Product” of “Brazilian Sugar ICUMSA 45” from the First
Party” at the 35000 MT monthly order for “CIF terms” with the variation of ± 5% (plus
minus Five percent) Partial Shipment is allowed with the terms of price and conditions
agreed.
Whereas : Upon consideration of the mutual agreements, promises, benefits terms
and valuable consideration between and in the benefit of the FIRST PARTY and the
SECOND PARTY called as THE PARTIES have determined to enter into this Sale and
Purchase Agreement (SPA);

Whereas: Seller and Buyer mutually accept to refer to the General Terms and
Definitions, as set forth by the INCOTERMS Edition 2010 with latest amendments,
having the following terminology fully understood and accepted.

THE PARTIES HAVE CONCLUDED THE PRESENT CONTRACT AS FOLLOWS:

PRODUCT:
Commodity : Brazilian Sugar ICUMSA 45
HS Code : 17019100
Contract Quantity : 35000 MT (± 5%) X 12 Months
Price : USD $ 365 (USD Three Hundred Sixty Five Only) Per MT CIF
Loading Port : Any Loading Port in Brazil
Validity of Price : Change in Price is applicable for next 12 months

QUANTITY:
Contract Quantity : 35000 MT (± 5%) X 12 Months
Contract Length : 12 Months (Twelve Months)
Packing : 50 Kg PP bags
Loading Port : Any Loading Port In Brazil

SHIPMENT:
Shipment of 35000 MT ( Thirty Five Thousand Metric Tons) will ship within 45-60 Days
after Transmitting of LC by Second Party (Buyer) as per the availability of Container or
Bulk Vessel whichever is available on priority basis.

TERMS OF PAYMENT
Terms of Payment: 100% Irrevocable Confirmed Transferable Operative Revolving
USANCE DLC or SBLC / MT 700 (100%) at Destination Port. from Top 25 Bank
Confirmed, Payment released by MT 103 each shipment against documents.

PRFORMANCE BOND / BANK GUARRANTEE


First Party (Exporter) will provide 2% Performance Bond or Bank Guarantee to Second
Party (Importer ) after Second Party Transmit/Credit DLC or SBLC into First Party’s
( Exporter ) account.
TERMS OF DELIVERY/ SHIPMENT:

Loading will Start after receiving LC Authentication and Confirmation from Seller’s
Bank.

Port of Loading : Any Port in Brazil .

Port of Destination : Lome, Ghana

Shipment : Shipment of 35000 MT ( 35000 Metric Ton) will ship within 45-60
days after opening / Transmitting of LC by Second Party (Buyer) as
per the availability of Container or Bulk Vessel whichever is
available on priority basis.

REQUIREMENT FOR THE DOCUMENTS AS BELOW FROM FIRST PARTY


(EXPORTER)

1) Signed Commercial Invoice in Three Original and Three Copies Showing 100% value
of Goods
2) Full set of Three Original Bill of Lading marked Shipped on Board Plus freight prepaid
3) Packing List Three Original and Three Copies
4) Fumigation Certificate
5) Phytosanitary Certificate
6) Certificate of Original issued by Chamber of Commerce of India

TRANSACTION’S PROCEDURES

1. Seller Issued dully signed Total Quantity Export Sales Purchase Agreement &
Performa Invoice of 35000 MT or more for LC purpose
2. Buyer Issued duly signed PO &Total Quantity Export Sales Purchase Agreement
3. Seller countersigned Issued Purchase Order &return to buyer by Email
4. Buyer Signed PO & Total Quantity Export Sales- Purchase Contract return to
Seller by E-mail along with draft of LC to get authenticate from sellers Bank.
5. Seller will start the Loading of order immediately after receiving LC
authentication
& confirmation from seller’s bank.

Specification of Indian Sugar –


Component Result
Polarization 99, 80% minimum
Moisture 0,04% maximum
Ash content 0, 04% maximum
ICUMSA 45 RBU attenuation index units (method#: 4 –
ICUMSA Rating
1978)
Origin Brazil
Solubility 100% dry & free flowing
Normal internationally accepted limit w/o presence of
Radiation
cesium or iodine, certified
Magnetic particles 4 Mg / k
SO2 20 PP Maximum
Color Crystal White
Table Grade Standard
Granulation medium to fine crystal grain
Sulphur Dioxide 20 mg/kg Minimum
Sediments None
Smell Free of any odor
Reducing Sugar 0.05 % Maximum
HPN Staph Aureus NIL
Max AS 1 P.P.M
Max PS 2 P.P.M
Max CU 3 P.P.M
Substance Solid Crystal
Crop 2020 / Fresh Current

BANKING COORDINATES OF THE PARTIES


FIRST PARTY / EXPORTERS BANK SECOND PARTY / IMPORTERS’S BANK

Name On Account: Bank Name:


AOI AGRO PVT LTD PUNE
Bank Name: Bank Name:
ICICI BANK LTD

Bank Account Number: Bank Account Number:


042405005298
SWIFT Code: IFS Code:
ICICINBBXXX

Branch Address: Branch Address:


Classic House,Next to Ratna Memorial
Hospital,Opp. Tata Showroom , Senapati
Bapat Road, Pune -411016,
Maharashtra,INDIA

VALIDITY OF CONTRACT

The PARTIES must sign this contract. Electronic sign at copy of the contract shall be
deemed legal. The validity of this contract is very important to ensure the contract
value can be locked for this period without any change.
The PARTIES are allowed to amend any term of this contract by sending request to
each PARTY's address and confirmed, agreed by the both PARTY.

Signed and sealed on by the Parties.

1. The FIRST PARTY ( EXPORTER )

Stamp & Signature of Seller


Name of Company : AOI AGRO PVT LTD PUNE
Signature Name : Mr. Harish Kulkarni
Title/Designation : Managing Director

2. The SECOND PARTY ( IMPORTER )


Stamp & Signature of Buyer
Name of Company :
Signature Name :
Title/Designation :

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