COMMODITIES - Corn
TYPE: YELLOW
ORIGIN: U.S.A. / South America / Canada / Australia / Seller's Option
SPECIFICATION OF CORN

NO.2 YELLOW CORN

SPECIFICATIONS:
FREE OF MOLDING, CHEMICALS, PESTS OR INSECTS
MOISTURE CONTENT: 14.5% MAX.
ADMIXTURE: 2.5% BASIS
HEAT DAMAGED KERNELS: 0.5% MAX.
BROKEN KERNELS: 3% MAX.
TOTAL DAMAGED KERNELS: 3.5% MAX.
HECTOLITER: 68 KC MIN.
WEIGHT/BUSHEL: 54 LB./BUSHEL MIN.
RADIATION: NONE
POISONOUS SEEDS: 2 SEEDS/100 KG MAX.
AFFLATOXIN: 20 PPB MAX.
ORIGIN: SOUTH AMERICA
PACKING: BULK
CROP: LATEST CROP
INSPECTION: SGS AT LOADING PORT, AT SELLER'S EXPENSE.
PERFORMANCE BOND: 3%, AT THE SELLER'S EXPENSE.
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NO.3 YELLOW CORN

 SPECIFICATIONS:   
FREE OF MOLDING, CHEMICALS, PESTS OR INSECTS
MOISTURE CONTENT: 14.5% MAX.
ADMIXTURE: 2.5% BASIS
HEAT DAMAGED KERNELS: 5.0% MAX.
BROKEN KERNELS: 4% MAX.
TOTAL DAMAGED KERNELS: 7% MAX.
HECTOLITER: 68 KC MIN.
WEIGHT/BUSHEL: 52 LB./BUSHEL MIN.
RADIATION: NONE
POISONOUS SEEDS: 2 SEEDS/100 KG MAX.
AFFLATOXIN: 20 PPB MAX.
ORIGIN: SOUTH AMERICA
PACKING: BULK
CROP: LATEST CROP
INSPECTION: SGS AT LOADING PORT, AT SELLER'S EXPENSE.
PERFORMANCE BOND: 3%, AT THE SELLER'S EXPENSE.

The following are quotes for YELLOW CORN # 2 in bulk from Argentine on a CNF  ASWP basis:
     12,500mt                    99 US$/MT
     25,000mt                    90 US$/MT
     50,000mt                    86 US$/MT
For # 3 grade, reduce the above prices by USD1/mt

Our FOB prices for GULF COast, US are:

US ORIGIN
No. 2 Yellow Corn                    $  90
No. 2 White Corn                      $ 130

Payment Terms (Acceptable to Seller): Standby Letter of Credit (S/LC): Fully Funded Letter of Credit opened unconditionally, unencumbered, transferable, confirmed, irrevocable for total contract value by a Top World Bank. Similar method of payment is by Prime Bank Guarantee. Documentary Letter of Credit (D/LC): Fully Funded confirmed, unconditionally, unencumbered, transferable, irrevocable, documentary, 100 % at sight Letter of Credit opened for total contract value by a Top World Bank. Other methods of payment, such as non -transferable, assignment of proceeds are acceptable, however prices will be adjusted accordingly to reflect these special payment conditions Soft Prices - to be confirmed in writing in F.C.O. IF YOU ARE INTERESTED IN OUR PRODUCTS, PLEASE SEND SIGNED LOI+BCL . WE WILL REPLY WITH THE EXACT QUOTATION AND FCO. PLEASE DON'T REPLY IF YOU CANNOT SEND SIGNED LOI+BCL. ONLY SERIOUS BUYERS ACCEPTED.