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SOFT LOI: Offer to Buy edible CRUDE SUNFLOWER SEED OIL in bulk
Rev 10 March 2008
1. Commodity and Intended Use: CRUDE DEGUMMED SUNFLOWER SEED OIL for processing into edible oil
2. Quantity/Term: 2,500 MIN-5,000 MAX mt/month for 12 months continuous, price fixed
3. Specifications: Typical Below
4. Packing: Bulk by ship to tank
5. Origin / Destination: Black-Azov sea ports, Ukraine, Bulgaria, Argentina / Turkey
6. Target Price: 1100 USD per metric ton, CIF Mersin/Turkey ports
7. Contract duration: trial shipment, then one year with extensions, with fixed price
8. Delivery begins: Spring 2008, and then every 30-45 days after opening of L/C
9. Type of payment: Each shipment, 100% by an Irrevocable, Transferable, Divisible, Confirmed Documentary Letter of Credit (DLC), Payment at Sight
10. Performance Bond: 2% value of L/C
11. Inspection: By SGS or equal at port of loading at Sellers expense
Crude Sunflower Seed Oil SPECIFICATION: TYPICAL
PURE UNADULTERATED DEWAXED SUN FLOWER OIL FREE FROM
ADMIXTURE WITH OTHER OILS.
MOISTURE AND IMPURITIES 1.5%
PEROXIDE VALUE 5 MAX -MILLI MOLE/KG-
FFA (AS OLEIC) 2% MAX
REFRACTIVE INDEX (at 20C) 1.471-1.476
TITER (pour point) 16-20 C
POLY BROMIDE TEST NEGATIVE
IODINE VALUE 112-135
SAP.VALUE 188-194
COLOR -5.25 INCH LOVIBOND: 7.0 R, 30 Y TINTOMETER-
CLOUD POINT 8 C MAX
BUYERS Company and Bank Information : to be provided after the time of confirming that requirements are met.
SOFT FCO with all details and producers ACTUAL lab reports needed prior to Buyers LOI and BCL or ICPO.
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