Kayana Petroleum LLP
United Kingdom of Great Britain and Northern Ireland
3rd Floor, 120 Baker Street, London, W1U 6TU
Ref. № BN/LOI/022025/108
Dated: 2nd January, 2025.
Letter of Intent (LOI)
Dear Mr. TUSHAR JAGOTA
CEO/Director
DESI AMIGOS LLP
We, Kayana Petroleum, hereby express our intent to procure WHITE REFINED CANE SUGAR-
ICUMSA 45 SUGAR. This LOI serves as a preliminary agreement to initiate discussions and
negotiations for the supply of the mentioned materials under the following terms and conditions:
COMMODITY WHITE REFINED CANE SUGAR- ICUMSA 45 SUGAR
ORIGIN Brazil
QUANTITY 175,000 MT x 12 monthly
PRICE 340$ / MT
DELIVARY TIME 33 working days (+/-5) after receiving LC.
DELIVERY CIF Mersin Port Turkey
PACKING IN 50 kg Bags
PAYMENT TERMS SBLC/MT760 – MT103
By SGS for quality and quantity or by any equivalent inspection
INSPECTION
agency at seller's cost.
INSURANCE 110% of invoice to be covered by Seller
PROCEDURE:
1. The Buyer issues an LOI/ICPO with Trade Licence and Buyer Passport Copy
2. The Seller checks the ICPO and issues a SPA.
3. The Buyer updates the SPA (if necessary), signs and returns it to the Seller.
4. The Buyer's bank officer issues an RWA Pre-Advice to confirm their ability to issue an
MT760 SBLC BUYER VERBIAGE WILL BE USE.
5. The Seller's bank officer replies via SWIFT MT799 that they are Ready Willing and Able to
receive the Buyer's SBLC. (Using MT799 verbiage as attached appendix verbiage buyer
Verbiage Must be use).
6. The Buyer's bank will provide a copy of the MT799 SWIFT RECEIPT.
7. Upon receive the Seller's SWIFT MT799 RWA reply, the Buyer issues the draft MT760 to the
Seller within 10 days from the date of receiving the signed original contract.
8. The Buyer's bank sends the SWIFT MT760 within 2 banking days to Seller's bank using the
verbiage as provided.
9. Buyer’s bank issues irrevocable, confirmed, divisible, renewable, transferable, operative,
full refund (SBLC/MT760) to seller.
10. The Buyer's bank will provide a copy of the MT760 SWIFT RECEIPT.
11. The Seller sends an invitation Letter to the Buyer, so that he can visit the Seller’s
warehouse. Upon receipt and confirmation of the MT760 by the Seller's bank, the Buyer's
bank sends a hard copy of the SBLC to the Seller's bank within 7 banking days.
12. Seller issues a Performance Bond of 2% in favor of the Buyer within 7 days from the date
of Seller Bank receive SBLC MT760 Hard Copy.
13. The Seller starts to process of shipment within 30 days from the date of received SBLC
hardcopy.
Kayana Petroleum LLP Company number OC430132 +966 597 357 777
Kayana Petroleum LLP
United Kingdom of Great Britain and Northern Ireland
3rd Floor, 120 Baker Street, London, W1U 6TU
14. Based on the documents stipulated in the contract and the qualified inspection report
issued by CCIC/SGS at the destination port, the Seller collects the payment through TT at
the destination port according to each shipment quantity.
15. The Buyer shall make payment for each shipment by TT within 5 days after the qualified
inspection report issued by CCIC/SGS at destination port.
16. 18. Monthly shipping subsequently continues in accordance with the terms and conditions
of the sale and purchase agreement between Buyer and Seller.
SPECIFICATION OF THE PRODUCT
SUGAR IC 45 - BRAZIL
Element Description
ASH BY ELECTRICAL 0.04% max. [Based on dry weight]
CONDUCT
ASH CONTENT 0.04% maximum
POLARIZATION 99.80% minimum
HUMIDITY 0.04% maximum
ICUMSA 45 RBU max. [SGS scale]
SOLUBILITY 100% dry and fluid
RADIATION Whiten CS-137 of 50 BQ per KG
MAGNETIC PARTICLES MG / KG 4 max.
GRANULATION Crystal fine
COLOUR Bright white
SEDIMENT None
SMELL Typical and specific for sugar
SUBSTANCE Solid, crystal
MAXIMUM AS 1 PMAS
MAXIMUM PS 2 PM
MAXIMUM CU 3 PM
CROP 2024-2025
SUGAR REDUCTION 0.05% maximum by maximum weight as 1 PPM
MAGNETIC PARTICLES MG / KG 4 maximum
HON STAPH AUREUS Not
We look forward to hearing from you.
Yours Sincerely,
Bilal Nasr
______________________
B. Y. Nasr –Director
Kayana Petroleum LLP Company number OC430132 +966 597 357 777
