ICUMSA 45 / 150 / 600 - 1500 SOFT OFFER - CONTAINERS Commodity: Cane Sugar – ICUMSA 45 RBU Origin: Brazil Loading Port: Santos – SP / Brazil Prices: CIF ASWP Contracts Shipments CIF Price in US$ 1 BG for 1 1 BG MT Number of DLC or shipment for 1 shipment Containers MT + Transferable + Non-transferable 103/23 ARDLC ARDLC 250 10 710.00 500 20 710.00 1,000 40 700.00 1,500 60 690.00 2,500 100 680.00 5,000 200 670.00 250 x 12 10 x 12 645.00 665.00 500 x 12 20 x 12 645.00 665.00 1,000 x 12 40 x 12 635.00 655.00 1,500 x 12 60 x 12 625.00 645.00 2,500 x 12 100 x 12 615.00 635.00 5,000 x 12 200 x 12 605.00 625.00 Commodity: Cane Sugar – ICUMSA 150 RBU Origin: Brazil Loading Port: Santos – SP / Brazil Prices: CIF ASWP Contracts Shipments CIF Price in US$ 1 BG for 1 1 BG MT DLC or Number of shipment for 1 shipment MT Containers + Transferable + Non-transferable 103/23 ARDLC ARDLC 250 10 700.00 500 20 700.00 1,000 40 690.00 1,500 60 680.00 2,500 100 665.00 5,000 200 655.00 250 x 12 10 x 12 675.00 695.00 500 x 12 20 x 12 675.00 695.00 1,000 x 12 40 x 12 665.00 685.00 1,500 x 12 60 x 12 655.00 675.00 2,500 x 12 100 x 12 645.00 665.00 5,000 x 12 200 x 12 635.00 655.00 Soft Offer Page 1 of 4 Commodity: Cane Sugar – ICUMSA 600 / 1500 RBU Origin: Brazil Loading Port: Santos – SP / Brazil Prices: CIF ASWP Contracts Shipments CIF Price in US$ 1 BG for 1 1 BG MT Number of DLC or shipment for 1 shipment Containers MT + Transferable + Non-transferable 103/23 ARDLC ARDLC 250 10 660.00 500 20 660.00 1,000 40 650.00 1,500 60 640.00 2,500 100 630.00 5,000 200 620.00 250 x 12 10 x 12 605.00 625.00 500 x 12 20 x 12 605.00 625.00 1,000 x 12 40 x 12 595.00 615.00 1,500 x 12 60 x 12 585.00 605.00 2,500 x 12 100 x 12 575.00 595.00 5,000 x 12 200 x 12 565.00 585.00 Packing: in 50 Kg. Net wgt. / ± 50.172 Kg. Gross wt. Poly-lined new bags or acceptable equivalent. Inspection: SGS at loading port Performance Bond: 2% (for contracts only) Insurance: 110% Payment: - The contracts shall be secured by an Irrevocable BG (Banking Guarantee) at value of one (1) month shipment (+/- 5%). The finance instrument shall be valid for 14 months and fifteen (15) days and shall be returned at maturity day or cashed by the last month shipment. - Payments for each shipment shall be by Irrevocable, Transferable / Non – Transferable ARDLC UCP600 or MT103/23, shipment to shipment, within 03 days from Bill of Lading (BL). Confirming Bank: Mandatory if buyer’s bank is not AA rated (Top 50) Procedures: 1. 2. 3. 4. 5. 6. 7. 8. 9. Buyer issues the ICPO + soft probe + NCND / IMFPA + buyer’s copy of passport + BCL; Seller issues FCO; Buyer signs, seals and returns the FCO; Seller issues Draft Contract in favor of the buyer; Buyer signs, stamps and sends via email in Word format; Seller issues the Pro Forma Invoice and electronic contract; Buyer opens Non-operative financial instruments within five (05) banking days as agreed in the contract to the seller’s bank. Seller sends within five (05) banking days the hard copies duly signed & sealed. Buyer duly signs & seals all copies and returns back and seller’s bank issues POP and PB (2%) of value to the buyer’s bank to activate the financial instruments; Shipments start as agreed within 30 to 45 days after the financial instruments are opened from the buyer’s bank to seller’s bank; * Note that some procedures may vary according to each seller’s instruction as we represent several ones. Procedures must be adjusted according to buyer’ s order. They will be confirmed through the FCO / draft contract. The procedures mentioned above are the ones internationally accepted and reasonable for any sale / purchase contract. Soft Offer Page 2 of 4 Specifications: IC 45 Polarization: 99,80% min Moisture: 0,04% max by weight Ash content: 0,04% max by weight ICUMSA Rating: ICUMSA 45 RBU attenuation index units (method#:4-1978) Solubility: 100% dry & free flowing Radiation: Normal internationally accepted limit w/o presence of cesium or iodine, certified Magnetic particles: 4 Mg / k SO2: 20 PP Max Color: Crystal White Table Grade: Standard Granulation: medium to fine crystal grain Sulphur Dioxide: 20 mg/kg Min. Sediments: None Smell: Free of any odor Reducing Sugar: 0.010% Max by weight HPN Staph Aureus: Nil Max AS: 1 P.P.M. Max PS: 2 P.P.M. Max CU: 3 P.P.M. Substance: Solid Crystal Crop: Latest Free from: Mold, unnatural odors, chemicals and insects Poisonous: Phytosanitary certificate Seed Husks: of no radiation, no viruses, insect parts, no poisonous matter and non genetic / suitable for human consumption. IC 150 Polarization: 99,50% min Moisture: 0,10% max by weight Ash content: 0,15% max by weight ICUMSA Rating: ICUMSA 150 RBU attenuation index units (method#:4-1978) Solubility: 100% dry & free flowing Radiation: Normal internationally accepted limit w/o presence of cesium or iodine, certified Magnetic particles: 4 Mg / k SO2: 20 PP Max Color: Crystal Sparkling White Table Grade: Standard Granulation: medium to fine crystal grain Smell: Free of any odor Max AS: 1 P.P.M. Max PS: 2 P.P.M. Max CU: 3 P.P.M. Substance: Solid Crystal Crop: Latest Free from: Mold, unnatural odors, chemicals and insects Poisonous: Phytosanitary certificate Seed Husks: of no radiation, no viruses, insect parts, no poisonous matter and non genetic / suitable for human consumption. IC 800 / 1200 Polarity at 20ºC: 97,5º Minimum Sulphated Ash Content: 0.14% - 0.25% Maximum by Weight Moisture: 0.06% - 0.25% Maximum by Weight Soft Offer Page 3 of 4 Magnetic Particles: mg/kg 4 Solubility: 97% Dry & free flowing Granulometry: 1.00 – 1.5 Am/mm ICUMSA: Color 800/1200 ICUMSA attenuation index Units (Method #10-1978) Maximum AS: 1 P.P.M. Colour: Golden Brown Reducing Sugar: 0.010% Maximum in Dry Mass Radiation: Normal w/o presence of cesium or iodine SO2: mg/kg 70 Heavy Metals / Toxic Elements: Maximum mg / kg basis Arsenic: 0.50 Cadmium: 0.05 Copper: 1.00 Lead: 1.00 Mercury: 0.01 Zinc: 3.00 Pesticide Traces Maximum mg / kg basis DDT 0.005 Photoxin 0.01 Hexachloran Gamma Isomer 0.00 Microbiological Limits Pathogenic Bacteria including Salmonella per 25 gram: Nil. Bacillus per gram: Nil * Validity of offer: June 17th, 2012 6.00pm Brazilian time Soft Offer Page 4 of 4