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COMMODITY:
ETHANOL
SPECIFICATIONS:
Technical Specifications
Ethanol.
HYDRATEDANHYDROUS
CHARACTERISTICSUNITSH1H2HNA1A2A3
Alcoholic Strength
(ºINPM) % m / m min.92,893,894,099,899,799,8
Alcoholic Strength
(ºGL)% v / v min.95,396,096,1---
Water Content
% m / m max.-0,2000,3000,200
Total Acidity
mg / L max.20103020
ConductivityuS
/ m max.50050500
pH--6,0 a 8,0
6,5 a 9,0
Ironmg / kgmax.5-
Sodiummg / kg
max.2-
Sulfatemg /
kg max.40,24(2)4
Chloridemg /
kg max.1-1
Coppermg / kg
max.-0,07
Nitrogenmg /
kg max.--1(2)1
Phosphorusmg
/ L max.--0,5(2)0,5
Sulfurmg / Kg
max.10-105
Aspect--LILI
Color--ColorlessColorless
Alcalinity--NegativeNegative
Smell and flavor--CharacteristicCharacteristic
Non Volatile
Matter mg / L max.30151030
Acetaldehydemg
/ L max.50105-
Methanolmg /
L max.40205-300100
Ethyl Acetatemg
/ L max.120805-100
Acetonemg /
L max-1-
Isopropanolmg / L max.2052-
N-propanolmg / L max.180308300-
N-butanolmg / L max.10100,5-
Isobutanolmg / L max.120202-
Acetalmg / Lmax.100505450-
Isoamylmg / L max.200103-
Higher Alcohols
mg / L max.40050157501000500
Benzene UVmg
/ Kg - < 0,1(1)-
Cyclohexanemg
/ L -< 0,1(1)400-15
Hydrocarbons% v / v -< 1(3)< 0,1(5)-
Hydrocarbons--Absent(4)-
Crotonaldehydemg / Kg -< 0,5(1)-
Dioxanemg / L -< 0,01(1)-
MEGmg / L max.1,0-
DEGmg / L max.1,0-
Permanganate testminut.min.10(2)10
QUANTITY AVAILABLE: 1,200,000 MT per year.
OFFER: 50,000 M3 PER MONTH FOR A PERIOD OF 12 MONTHS
WITH ROLLS AND EXTENSIONS FOR 5 YEARS.
INSPECTION:
SGS (Societe General de Surveillance).
PRICE AND PAYMENT:
USD690 $ PER MT CIF
BRAZIL
.
(Until Octobre 30th 2008).
USD 655 $ PER MT FOB
BRAZIL
(Until Octobre 30th 2008).
.
.
OPTION 1:
Payment by Fully Funded Letter of Credit Irrevocable Transferable and Revolving
from prime bank for the whole quantity of the contract period with a minimum of
12 months payable 100 % automatically each month upon reception and verification
of the shipping document for each vessel.
This option requires from the seller a 2% Performance Bond. Price also is confirmed
for the contract period (12 months).
OPTION 2:
Payment by conditional MT 103-23 shipment by shipment, covering only the cost of
one shipment payable 100% Cash Wire transfer against receipt and verification of
Shipping Documents for each vessel.
This option does not require from the seller a 2 % Performance Bond because this
option normally is used for spot deal contract or contract of minimum 12 months
but with payment for each shipment.
The price is not confirmed for the contract period of 12 months in case the buyer
chooses to sign a long term contract with a payment per shipment. Each month, ITC
will send the price for every new shipment because of the world market price.
Shipping document sent by our society to the end buyer
for the payment.
1)
Certificate of origin of the product.
2)
Certificate of SGS.
3)
Contract of the shipping company. (price
is based on CIF)
4)
Document of Insurance covered 110% of the
product.
**
More details will be in the draft contract.
Document required by our society from the end buyer.
1)
Number of the refinery.
2)
Licence or authorization by the government
to receive the product.
PROCEDURE:
• BUYER
RETURNS FCO SIGNED.+ BCL
•
SELLER SENDS DRAFT CONTRACT / MANDATE
DOCUMENT / IMFPA.
• BUYER
AND SELLER SIGN AND SEAL CONTRACT
• SELLER/BUYER
ISSUES HARD COPIES OF THE CONTRACT TO BE EXCHANGED BY FAX OR E-MAIL
• BUYER
SEND MT-103 OPERATIVE OR LC AGAINST SHIPPING DOCUMENTS
SELLER SEND SHIPPING DOCUMENT
•
FIRST SHIPMENT COMMENCES WITHIN 15 – 75 DAYS AFTER
ACTIVATING THE FINANCE INSTRUMENTS
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