SI Group is now located in Paraguay, with regular visits to the ports in Brazil for our operational activity. Yes we pay commission and we are very flexible with what ever more is needed to facilitate the sugar to be loaded to vessel and on its way to your table.


To start and negotiate your commodity with SI Group, we ask you to read the following guidelines carefully: 

Before you send us an LOI / ICPO, please be sure to include the following so we may send you our FCO:

  • Name and Company 
  • Commodity – what type of Sugar – Corn – Soybean do you need
  • Amount needed per month
  • Spot or Contract
  • Destination
  • Target price (optional)
  • Payment terms needed
  • Are you End buyer or Intermediary Agent

Address this to;

After arriving at an agreement between the conditions of supply with our Trade Department begins the documentary negotiation that will be guided by the step by step below:


1 – The Buyer issues LOI/ICPO (Irrevocable Corporate Purchase Order) and BCL proof of funds via Swift MT199 Seller Bank with complete bank details; 

2 – The seller – SI Group issues the FCO to the buyer 

3 – The buyer returns the FCO signed and sealed back to the seller – SI Group

4 – Seller will send the Draft Contract for acceptance by Buyer. The contract goes through a normal trading and validation period no more then 5 banking days. 

5 – The financial instrument (SBLC-ARDLC-DLC) for guarantee can be transferable or non-transferable, Irrevocable, Unconditional, Divisible, Swift MT799 pre-informed transaction transferred by Swift 760 opens for a full month of 12 months and 1 day to be received at the Bank of the Seller.  Payment made by MT-103 within three days of each shipment departure from loading port. 

6 – Seller will open the Performance Bond at 2% of the value of the 1 month Contract for the benefit of the Buyer.

7 – Sending starts as scheduled. The necessary documents will be sent to the Buyer.

8 – Delivery and forwarding begin immediately according to the term of the contract. All bank charges, including Buyer’s Bank confirmation expenses are assumed by the buyer’s account, and all bank charges incurred by Seller in Seller’s Bank will be covered and assumed by Seller; 


a) The Buyer will issue a SBLC (Stand by Letter of Credit) or other, Irrevocable, Unconditional, Transferable OR non-transferable, Divisible, operational, valid for One year plus 1 day according to Remittances to the volume of, for the same periods, until completing the full amount agreement, issued and confirmed by a Top 50 world Bank pre-advised MT799 and transferred by a Swift 760; 

b) The final decision on the issuing bank for the guarantees mentioned in the item above, will always be of the Seller if not top 50; 

c) After the signed contract, the Seller will issue a Commercial Invoice of the total amount, sent to the Buyer; 

d) Immediately upon receipt of the buyer’s bank guarantee, Seller will send Buyer within 10 (ten) banking days, the following documents: 

  • POP issued by Sugar Producer / SGS Certification or similar authority;
  • 2% PB in the total amount of each deposited financial instrument.

e) each consignment, the Buyer’s Bank will pay full value of shipment with MT-103 to the Seller’ s Bank after the Seller’s Bank presents the S.G.S. or similar authority and the BL – (Bill of Lading) to the Buyer’ s Bank; via swift… 


1- The Seller will start the export activities within 21/45 days after receiving the bank guarantee and will arrange the shipments according to the schedule agreed with the Buyer; 

2 – The Seller sends a copy of the first Bill of Lading, SGS or similar and Vessel’s details to the Buyer for verification.

3 – At the reception of the shipping documents, the Buyer’s bank must pay the full amount of the invoice within 72 hours for the shipment to the Seller’s bank with the presentation of the SGS or similar authority Inspection Certificate and Bill of Lading by the Seller; 

4 – Shipments continue as per agreement between BUYER and SELLER Financial instruments as per “ICC 758 Standard” codes and any revisions as set by the International Chamber of Commerce (ICC) UCP 600. Any deviation of the above guarantee and payment terms are subject to acceptance by the Seller. The Buyer can claim no responsibility towards seller in the event that the acceptance of the financial instrument is refused. 

5 – SELLER reserves the right to export directly to its customers or to export through its affiliated companies, for the account and order of Industry SELLER maintaining the contractual conditions entered with buyer. The Parties agree that Industry SELLER will request that the shipment of the sugar be carried out directly by the producing company (sugar mill) to minimize tax impacts, or by affiliated companies or by whom Industry SELLER expressly indicates. 

Documents such as LOI / ICPO will only be reviewed and accepted if they meet the seller’s requirements, such as: 

– Total amount 

– Target Price (according to offer available), 

– Form of payment, 

– Form of guarantee, 

– Bank details (Top Prime 50), 

Note: The above procedures are an orientation and can be adjusted in the course of the negotiation. 

Trade Desk


WhatsApp: 305 713 4900