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This letter of intent is to purchase 450,000 metric tons of white refined cane sugar over 12 months from a Brazilian supplier. The key terms are as follows: 1) The sugar will be shipped from Brazil to Togo, Ghana, and Ivory Coast in monthly installments of 37,500 metric tons. 2) The price is $285 per metric ton cost and freight (CIF) to the ports. 3) Payment will be made through an irrevocable standby letter of credit (SBLC) equal to each shipment value.

Author

Neharu Kher

Language

EN