Standard Procedure

1. LOI (Letter of Intent)

The buyer sends a Letter of Intent, stating the required sugar quantity, target price, payment method, and destination port.

2. FCO (Full Corporate Offer)

Sugar Republic Ltd issues a Full Corporate Offer outlining the main terms, including pricing, payment, and contract details.

3. ICPO & Draft SPA

The buyer submits a signed FCO and an ICPO (Irrevocable Corporate Purchase Order) with full bank details. Sugar Republic Ltd then provides a draft Sales & Purchase Agreement (SPA) and a Proforma Invoice.

4. Signing the SPA

Both parties review, negotiate if needed, and sign the SPA. This finalizes the contract terms.

5. Payment Guarantee

The buyer issues the agreed payment instrument (e.g., DLC, SBLC). Upon verification by Sugar Republic Ltd’s bank, we provide a 2% Performance Bond.

6. Shipping & Delivery

The sugar is prepared, inspected (SGS/CCIC), and shipped according to the SPA schedule. The buyer receives all relevant documents (e.g., Bill of Lading, Insurance, and Inspection Certificates).