Commodity:

Brazilian Yellow Corn GMO & NON GMO, group 2, export quality

Quantity:

Up to 600,000 metric tons

Origin:

Brazil

Contract duration:

The duration of 12 months renewable & extendable.

Delivery:

12 monthly deliveries of 12,500 Mt UP to 200,000 Mt.

Packaging:

60 Kg Bags

Price:

CIF Price - According to ANNEX 1

Payments terms:

SBLC or LC or DLC - Irrevocable NON transferable or Transferable issued by TOP World Bank and paid 100% at Sight

Delivery terms:

CIF (Incoterms 2010),

First Shipments start earliest 30/45 days after Payment instrument has been approved..

Inspection:

By SGS at Seller’s expense

Procedures:

Contract Procedures

1) Seller sends NCNDA and issues SCO.

2) Buyer issues ICPO

3) Seller issues FCO for Buyer´s review

4) Buyer accepts FCO, confirms by signing and sealing the FCO. Buyer issues RWA or BCL or MT799.

5) Seller provides Draft Contract for evaluation.

6) Buyer and Seller sign Contract.

7) Seller and Buyer’s agents sign IMFPA

8) Buyer has 5 (five) banking days after signing the Contract to issue and confirm the LC Guarantee as

outlined in the Contract to send to Seller´s bank via swift MT760 with copy to Seller.

9) Seller issues 2% of Performance Bond

10) Shipments commence as per Contract

11) The Contract commences.

QUANTITY (MT)

SPOT

CONTRACT /SBLC

CONTRAC / DLC / LC

12.500

$235

$225

$230

25.000

$230

$220

$225

50.000

$225

$215

$220