In cross-border sugar trading, the payment structure decides whether a deal can be executed. At Global Food Traders (Inversions Torreguitart SL) we work with clear procedures and bank instruments that protect both parties.
1. Accepted payment guarantees
- SBLC, SWIFT MT760. Irrevocable, subject to ISP98.
- DLC, SWIFT MT700. Irrevocable and transferable, subject to UCP 600.
- MT799 blocked funds. Irrevocable, blocked for one (1) year in favour of the Seller and confirmed bank-to-bank. Shorter blocking periods are not accepted.
The instrument must be issued by a bank acceptable to the Seller, cover the value of one shipment and remain valid for the contract term plus 30 days. It acts only as a guarantee: each shipment is paid by MT103 after SGS inspection at loading and receipt of the scanned shipping documents.
2. Core specification: Brazilian sugar ICUMSA 45
| Parameter | Specification |
|---|---|
| Colour | 45 RBU maximum |
| Polarization | 99.80% minimum |
| Moisture | 0.04% maximum |
| Ash | 0.04% maximum |
| Inspection | SGS quality and quantity at the port of loading |
Full values in the sugar technical data sheet.
3. Transaction flow
- Buyer sends LOI or ICPO with the CIS and KYC documents.
- Seller validates KYC and issues the FCO.
- Draft SPA, signature and proforma invoice.
- Buyer’s bank issues the payment guarantee.
- Seller issues a 2% Performance Bond once the guarantee is confirmed.
- Preparation, SGS inspection and loading.
- Shipping documents sent to the Buyer.
- MT103 payment per shipment and release of original documents.
Each step has a defined deadline. See the complete trading procedure or send your inquiry.
