ADDITIONAL TERMS RELATING TO BRAZIL NUTS IN SHELL AND BRAZIL NUT KERNELS

ADDITIONAL TERMS RELATING TO BRAZIL NUTS IN SHELL AND BRAZIL NUT KERNELS

All the terms and conditions of the Association are applicable to contracts concluded for Brazil nuts, but the following additional clauses also to apply:

DEHYDRATED BRAZIL NUTS IN SHELL

a)      Soundness

In the event of the average crack exceeding 10% bad and/or empty, the following allowance shall be made unless the buyer claims rejection; in which case, failing amicable settlement, the matter to be submitted to arbitration. Two per cent (2%) of the invoice value to be allowed for every 1% in excess of 10% bad and/or empty nuts.

b)      Count

Extra Large                  40/45 per lb

Large                             45/50 per lb

Medium                         55/65 per lb

These are maximum counts but other descriptions or counts should be bought and sold in agreement between buyer and seller.

In the event of a count inferior to that stipulated in the contract, buyers to have the option of claiming minimum allowance of 1% of invoice value for every unit in excess or, failing amicable settlement, the matter to be submitted to arbitration.

c)      Declaration of Shipment

Name of vessel, Bill of Lading number and date, port of shipment and container number(s) with quantity per container to be declared prior to arrival of vessel.

d)      Payment

FAS, FOB, CFR or CIF contracts - cash against documents on presentation.

Ex-store sales - cash against delivery order or release within 14 consecutive days.

NATIVE CRACKED BRAZIL NUT KERNELS

a)      Quality

To be Fair Average Quality of the season of the description called for.  Description and counts are:

Large                               90/110 per lbMedium                         110/130 per lb

Small                             140/160 per lbMidget                           160/180 per lb

Tiny. . .                          180/220 per lb

Chipped  

Broken