Procedures for Sugar Importation in Africa 1. The Buyer issues a complete Irrevocable Corporate Purchase Order (ICPO), including a color copy of the passport and full banking coordinates. 2. The Seller issues a Full Corporate Offer (FCO) for the Buyer’s review and preliminary signature. 3. The Buyer reviews and returns the signed FCO, accompanied by acceptable proof of funds, such as SWIFT MT799, Bank Comfort Letter (BCL) with Account Transaction Verification (ATV), or Ready, Willing and Able (RWA) letter. Note: No contract shall be executed without verifiable proof of financial capability. 4. The Seller prepares and sends a draft Sales and Purchase Agreement (SPA) for the Buyer’s review. 5. The Buyer reviews and returns the draft SPA with any remarks, amendments, or proposed changes. 6. Upon mutual agreement, the Seller issues the final SPA for execution. Signing may be completed through a secure electronic signature platform, such as DocuSign or Autentic. 7. Once both parties duly execute the SPA, the contract is lodged with their respective banks. The Seller formally invites the Buyer to visit the production and loading facilities prior to the issuance of the financial instrument. 8. The Buyer instructs their issuing bank to send a SWIFT MT799 pre-advice and/or SWIFT MT760 confirmation, delivering the Standby Letter of Credit (SBLC) to the receiving bank designated by the Seller. A copy of the SWIFT message must be sent directly bank-to-bank via email, from the issuing bank officer to the receiving bank officer, for tracking and verification. 9. Upon confirmation of the SWIFT transmission, the Seller issues the Proof of Product (POP) through their bank. 10. Within ten (10) business days following receipt confirmation of the SWIFT MT760, the Seller issues a 2% Performance Bond (PB) in favor of the Buyer’s bank. 11. Shipment commences as per the terms defined in the SPA, typically within twenty-five (25) to thirty-five (35) days, depending on port scheduling and vessel availability. 12. Product certification and issuance of Proof of Product (POP) shall be carried out at the Seller’s expense and issued in the name of the Buyer. 13. Upon completion of all export documentation and product certification, the Seller shall forward the documents to the Buyer’s bank. The Buyer shall arrange payment for the shipment via SWIFT MT103 within three (3) working days. 14. Following payment confirmation, the Seller shall execute the transfer of the Certificate of Title, duly registering ownership in the Buyer’s name. 15. The Buyer shall be fully responsible for customs clearance procedures at the port of destination, including the preparation and submission of all necessary import and nationalization documents. 16. Monthly deliveries shall proceed in accordance with the agreed INCOTERMS, logistics plan, and scheduling terms as specified in the SPA. 17. All banking fees and charges incurred by the Buyer’s bank shall be borne by the Buyer, while those related to the Seller’s bank shall be borne by the Seller.