Order Procedure for ICUMSA 45 / Other Sugar
Procedure Latest Update: 23rd February 2024
Send a LOI addressed to:
INDICO CAPITAL MERCHANT LIMITED
Address: Spirit House, 8, High Street, West Molesey, England, KT8 2NA - United Kingdom
Email: (use both "to" and "cc" addresses)
- to: sugar.icumsa45.org@gmail.com
- cc: info@indicocapitalgroup.com
Attn: Commodities Business Unit - Mr. Alfredo Benito Lopez, Mr. Voislav Avramovski, Mr. Antonio Sanchez
Important for all customers: Our company is international, headquartered in London, United Kingdom. We ship the sugar from Brazil, Santos, Suape and private Brazillians ports. Our company owns controlling shares and controls the production in 20+ Brazilian sugar mills and refineries and we are able to offer you better pricing. As of 2023, we now own 3 Brazillian refineries and are direct to/control the production of 20+ others.
No POP Before Payment Guarantee Instrument As of January 1st 2024, all sugar is shipped directly from the refineries. Sugar stocked on the warehouse is not available, thereby we can not give you POP / Proof of Product before we receive the Payment Guarantee Instrument (DLC/SBLC/Other). Production, Capability, SGS and other proofs are avaible in a bank to bank communication only.
NO SPOT / Yearly Contracts Only: We work only with yearly, 12 months (and above) contracts. Test/Trial shipment is an option and you can choose to opt-out / cancel the contract after the trial. Every SPA contract we issue is a yearly one due to regulatory requirements in the UK. We don't offer high seas sugar.
Acceptable Payment Methods: DLC (Documentary Letter of Credit), SBLC (Standby Letter of Credit), issued or confirmed by World Top 100 rated banks. USANCE (Delayed) Letter of Credits are acceptable by top banks only. Escrow / TT Transfers / Advance Deposits are acceptable.
Past Performance. All of our contracts include NDNCA (Non-Disclosure clausules). Due to legal obligations under the UK Data Protection Act 2018, we DO NOT issue any kind of Past Performance, Past Bill of Lading or similar documents, redacted or otherwise. Please do not request them. Production, Capacity and SGS proofs are available in a bank to bank process once the SPA contract is signed between buyer and seller.
Performance Bond. We do issue Performance Bond of 2% right after the buyer's DLC is successfully accepted by the seller's bank (upon the block of funds).
Important for Customers from China: GACC is available.
Important for Customers from Bangladesh CFR is not allowed by Brazilian port authorities. Only CIF - Cargo, Insurance, Freight.
Small Order Note: MOQ / Minimum Order Quantity for Small Orders is from 4X Containers (108 MT).
Bulk Order Note: MOQ / Minimum Order Quantity for bulk orders is 12500 Metric Tonnes. Vessels are 12500, 25000 and 50000 MT respectively. Acceptable orders can be in the following range: 12500, 25000, 37500, 50000, 62500, 75000, 87500, 100000 MT and above up to 3 Million Tones per month.
Intermediates, Mandates and Brokers: download this information as PDF here: https://icumsa45.org/procedure.pdf.
Commissions & Fees: Comissions for all partners, brokers and intermediaries are covered by standard International NDNCA-IMFPA (Non Disclosure - Non Circumvention - Irrevocable Master Fee Protection Agreement), issued to every intermediary involved upon the buyer's acceptance of our FCO.
Standard Procedure, step-by-step
1. LOI "Letter of Intent"
Send us a LOI "Letter of Intent". We need to know your target price, required amount of sugar, your payment method and your destination port.
2. FCO - Full Corporate Offer
We will send you Full Corporate Offer, outlining the transaction procedures of the forthcoming SPA contract.
3. ICPO / draft SPA Contract
Send us back signed and stamped FCO, alongside ICPO with full bank details.
4. SPA "The Contract" / PI - Proforma Invoice
Once we have the signed / Buyer endorsed FCO and an ICPO, we will issue you a draft SPA (Sales & Purchase Agreement) contract. This contract may be negotiated further by both buyer and seller. Seller issues PI / Proforma Invoice.
5. Payment Guarantee Instrument
Once the SPA Contract is executed - signed by both parties, Seller and Buyer, the buyer undertakes to issue the Official Payment Guarantee.
6. Shipping and Delivery
Loading, Shipping and Delivery commences within the agreed number of days. As soon as the loading is completed, you will receive all relevant documents and certificates of Insurance, SGS/CCIC inspection, Bill of Lading among others. These are mailed to your bank / office via DHL.
WhatsApp: https://wa.me/447360270747
Email: sugar.icumsa45.org@gmail.com
WeChat ID: wxid_fil3x9bwgc6m22
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