01 · LOI
Letter of Intent
Buyer formalizes interest, volume and destination; qualification and KYC begin.
We originate, contract and deliver Brazilian sugar under a single standard.
The H&F standard operation, from first contact to delivery.
02 · SCO
Soft Corporate Offer
Price and commercial terms released to the qualified counterparty.
03 · ICPO
Irrevocable Corporate Purchase Order
Buyer confirms the order: volume, destination and terms.
04 · SPA
Sale and Purchase Agreement
Contract executed; sensitive documents released from this point on.
05 · SBLC / DLC
Payment Instrument
Verbiage approved and funds confirmed (MT799); instrument issued bank-to-bank (MT760).
06 · Shipment
Origin Port
Independent SGS inspection at loading; full documentary package issued.
07 · Discharge
Destination Port
Vessel discharge, customs clearance and nationalization of the cargo.
08 · Delivery
To the Buyer
Cargo released as contracted: spot OTG or recurring DDP.
Illustrated for DDP / OTG operations; FOB and CIF conclude at shipment.
Products, modalities and delivery terms
Products
- ICUMSA 45 · 100 · 150
- VHP
- Demerara
- Organic
Modalities
- Spot
- Annual
- Multi-year
Delivery terms
- FOB
- CIF
- DDP
- OTG*
* OTG is not an Incoterm. It refers to cargo "On The Ground" at destination, cleared and available for immediate pickup.
Incoterms 2020. Other terms, including FAS, CFR, CPT, CIP, DAP, DPU, EXW and FCA, available on request.
Definitions and how each of these applies are covered in our Reference.