02 October 2008

RICE SOFT OFFER

RICE SOFT OFFER

OCTOBER 2008

TYPE OF RICE OFFERED:

TYPE

ORIGIN

BROKEN %
TRIAL (FIRST MONTH) AND ANNUAL PRICE
C&F ASWP

SPOT PRICE
C&F ASWP

COMMENTS
Long Grain White Rice
PAKISTAN
25%
USD 600
USD 610
Spec as per Appendix 1
Long Grain White Rice
PAKISTAN
5%
USD 610
USD 620
Spec as per Appendix 2
All prices are C&F ASWP.
Minimum order - 12,500 MT – spot or annual basis
Maximum order – please state your requirements and we shall confirm
Annual Order – Trial or first month spot followed by 11 months.
Validity – please check with us on the final pricing.
Specification : See Appendix 1 for 25% white rice. Other specifications to be advised.
Packaging:
In 50 kg polypropylene bags.
Only basis labels like product, weight and origin are printed.

Payment:
Spot : TT or 100% DLC at sight
Contract: RDLC 100% at sight.


Performance Bond:
No performance bond issued.
Seller will provide 3% penalty on the LC value should there be a default.
As an option, we will entertain that the buyer issues LC for 98% and retain 2% as PB. After delivery, the buyer will return the 2%.

Visit:
No factory or mill visit
Loading port visit allowed at buyer own cost

Sample :
No sample is given.

Past Performance and Sample Documentation
No past performance or previous BL is given.


Procedures:

1.Buyer submits LOI and BCL.
2.Seller issues FCO and draft contract
3.Buyer signs FCO and return with draft LC verbiage, within 3 days.
4.Seller and Buyer sign draft contract.
5.Buyer sends / arrange hard copies of contract to Seller for signature
6.Buyer issues operative transferable LC within 5 days of signing contract.
7.Shipment commences with 30 days



OVERPRICES WILL BE DISTRIBUTED IN THE FOLLOWING WAY:
50%: FOR SELLER
25%: FOR SELLER´S MANDANTES
10% ; FOR F.H.U PRO
15%: FOR BUYER ´S MANDANTES AND FACILITATORS.

 APPENDIX 1
PRODUCT: PAKISTAN LONG GRAIN WHITE RICE 25% BROKEN
PAKISTAN LONG GRAIN WHITE RICE 25% BROKEN - SHALL CONFORM TO THE FOLLOWING SPECIFICATIONS AND/OR INTERNATIONAL STANDARD SPECIFICATIONS:

PAKISTAN LONG GRAIN WHITE RICE (TWR): SPECIFICATION STANDARD 1997
Rice Types / Broken
 
 
LONG GRAIN
CLASS 1 >7.0MM
NOT LESS THAN %
25%
SHORT GRAIN
< 6.2MM
MAXIMUM %
50.0
WHOLE KERNELS
NOT LESS THAN, %
40.0
BROKEN & SMALL
BROKEN C1
MAXIMUM %
28.0
RED AND/OR UNDER-
MILLED KERNELS
NOT EXCEEDING %
7.0
YELLOW KERNELS
NOT EXCEEDING , %
1.0
CHALKY KERNELS
NOT EXCEEDING , %
4.0-5.0
DAMAGE KERNELS
NOT EXCEEDING , %
2.0
WHITE GLUTINOUS RICE
NOT EXCEEDING , %
2.0
UNDEVELOPED, IMMATURE,OTHER SEED AND FOREIGN MATTER
SINGLY OR COMBINED
NOT EXCEEDING , %
2.0
PADDY (GRAIN PER 1 KG
OF RICE) OR %
MAXIMUM %
20.0
MOISTURE
MAXIMUM %
14.0
MILLING DEGREE
 
ORDINARILY MILLED
ANY OTHER SPECIFICATION WHICH ARE NOT MENTIONED SHALL BE IN ACCORDANCE WITH INTERNATIONAL SPECIFICATION.


APPENDIX 2
PAKISTAN LONG GRAIN WHITE RICE (TWR)
SPECIFICATION GRADE 5% BROKEN

Commodity:     Long Grain White Rice, 2007 / 08
Specifications:  Broken 4 % max, white and
double polished basis 2 / 3 Kernels as full grain
Moisture:   14 % max
Immature Kernals:   Zero %
Yellow Kernals: 0.5 %max
Foreign Kernals: 0.5 % max
Chalky Kernals: 8 % max
Red 7 red streaked Kernals: 2% max
Paddy per one KG: 15 grain / kg
Average length of grain: 6.2 mm
Milling degree:Well milled
o

- about documents (guidelines)

To be able to proceed, we need in all cases a detailed LOI issued from the buyer or from the seller. This is not because we love paperwork. This is to save time and to work efficiently.
A professional LOI contains ALL informations which are needed to get a professional and fast response.

Immediatly it is clearly to be seen,

-who wants to buy or sell what (including specification),

-under which conditions

-in which amount(s)

-for which (target-)price

-with which procedure

-under which payment terms

-whith which payment instrument(s)

-for which destination (of which origin)

-by using which bank(s)

-for which timeframe

-on seller's or buyer's ORIGINAL letterhead

-never sanitzed








Don't .......

Don't ask for photos, we are no photo-agency and they aren't worth the sending as they proof nothing.
Don't ask for a "past performance" as it says nothing about the seller's ability to supply tomorrow.
Don't ask for pricing without a buyer's LOI......
Don't ask for a FCO without having a positive response to your buyer's LOI.
Don't believe that the sending of a LOI automatically causes the sending of a FCO or draft contract.
Don't send a mail and ask 5 min later, whether it arrived and we have worked on it.......
Don't think we are machines that do not need to sleep, eat....
Don't believe there were no weekends in western europe when offices are closed (...saturdays and sundays...)
Don't think we had no other person besides you to talk to ..... (your inquiery is important for us, but it is NOT the only we are busy with....)
Don't think that deals about several millions of USD are closed within minutes, hours or a day ......
Don't start an inquiery by telling what commission you have to get .... (no contract closed - no commission - no discussion)....

LOI or ICPO.. see below a few informations what we expect
Guidelines to note when preparing documents
(please take notice as we lose a lot of time by 'wrong documents'...)

LETTER OF INTENT (LOI)

1. Freshly dated (not older than 3 working days)
2. The format should be PDF File
3. The letter head is genuine, check for any signs of cut and paste or scan and edit. In the letterhead we need complete company name, adress, phone number, fax number and email adress
4. The LOI may be adressed to F.H.U PRO - b2b group deutschland
5. We need the quantity, duration, destination port, price idea, specification and origin, and banking details
6. The documents must be signed and stamped

IRREVOCABLE CORPORATE PURCHASE ORDER (ICPO)

1. Freshly dated (not older than 3 working days)
2. The format should be PDF File
3. The letter head is genuine, check for any signs of cut and paste or scan and edit. In the letterhead we need complete company name, adress, phone number, fax number and email adress
4. The informations must be detailed and we need a specification
5. The ICPO may be adressed to 'the seller through F.H.U PRO b2b deutschland group'
6. Bankers information must be the same as the to the company ordering and as stated in the letter head, if different, then it must be accompanied by a letter of the owners of the bank account attached to the ICPO staiting their authorization of the purchase
7. The documents must be signed and sealed