Detailed Product Description
TYPICAL SPECIFICATIONS - CRUDE DEGUMMED SOY BEAN OIL (CDSBO):
1. Free Fatty Acids (As OLEIC) Molecular Weight 282-Basis: BASE 1.00% MAX. 1.25%
2. Moisture and Volatile Matter: 0.20% MAX.
3. Density (Specific Weight) at 25 C and 4 C Min. 0.9180 Max. 0.9225
4. Flash Point: MORE THAN 121 (250 F)
5. Saponification value Min. 188 Max. 198
6. Iodine value WIJS Min. 12 Max. 143
7. Impurities (Insoluble in Petrol Ether): 0.10% MAX.
8. Unsaponifiables Matter (test as per N.O.P.A.): Max. 1.50 pct.
9 Sediment (Gardner Break Test): 0.10% MAX.
10. Lecithin (expressed as Phosphorous): 0.02% MAX.
11. Color Index (MG Iodine) (Lovibond Cell 1 inch): 50-60 Yellow and 5-6 Red.
12. Refractive index at 20 degrees C: 1.505 to 1.512
13. Halphen reaction Negative
PRICE C&F U$S865
Payment terms:
ARSBLC (Auto revolving standby letter of credit) form 3034 (SBLC), irrevocable, confirmed, freely transferable, assignable, issued by a top 50 world bank, payable 100% at sight at counter of the sellers bank, divisible, for the value of two months USD $xxxxxxxxxxxxxxxxxxx, auto revolving for the total value of the contract USD $xxxxxxxxxxxxxxxxxxxxxxxxxxxxxx in xxxxxxxxx (xx)
months.
1.Buyer issues his official LOI (letter of intent), with full banking coordinates of his bank account, and authorization to verified funds on his account by the seller bank, and also issues his bank capacity letter (BCL).
2.Seller issues the contract and sends it to the buyer.
3.Buyer review signs the draft contract (notarized) and sends it back to the Seller.
4.Within the next five (5), banking days after step three (3) above Buyer's bank issue and send the by Swift MT 799 the NON OPERATIVE SBLC, to the Seller's bank in favour of the seller.
5.Within up to seven (7) banking days after receive the non operative SBLC by Swift MT 799 sellers bank shall send the proof of product (POP) and deposit of the PB (2%) to the buyers bank.
6.With POP presented and PB (2%) deposited to the buyer's bank, the non operative SBLC 100% value of contract WILL BE FULLY ACTIVATE. This PB (2%) it will be done only for the long terms contracts (There is no PB for spot shipment buys).
7.Shipping begins and vessels leave the port within 20/45 (twenty up to forty five) days of receive and confirm the SBLC at sellers bank.
8.Sellers bank will review and verify the full set of shipping documents and delivery this full set of shipping documents to the Buyers bank, funds will be released within two (2) banking days after Buyers Bank receive the shipping documents and the shipping documents are verified, authenticate and be acceptable to the Buyers bank. Vessels leave the Port only when funds are release to Sellers Bank.
Crude Degummed Soybean Oil
