Cane Sugar Trust Ltd

    CANE SUGAR
               TRUST CO. LTD
                                    Sellers and producers of refined white and raw brown sugar                         (United Kingdom Agency Office)                   CALLANDER FK17 8HD, Scotland, U.K.                          Tel: +44 (0)1877-331581 ; Facsimile +44 (0)1877-331581                     E mail: alan.roberts@skye.almac.co.uk

   The company has traded in sugar for over 40 years, and controls part of
    its own refining needs, as well as contracting allocations every year with
    different refineries in South America and other countries for re-sale to final
    customers.

    Products:
    1.White refined cane sugar, ICUMSA 45 according to the Brazilian S.G.S.
        method.
    2. As above, ICUMSA 100
    3. Raw (brown) sugar, ICUMSA 42 according to the Sao Paulo S.G.S.
        method (equal to ICUMSA 350 - 450 BSC scale)
    (Note: under that scale, the lower the number, the darker the colour. In
    Europe the higher the number, the darker the colour).
    For a detailed explanation go to: ICUMSA - WHAT DOES IT MEAN?

    Customer Concerns:
   Because of the large amount of fraud involving sugar in recent years (see the
    report on sugar fraud published by the I.C.C. Crime Bureau, London (mail us
    for the telephone and fax numbers) - it is important to stress that our
    procedures include a full proof of product and refinery lot allocations,
    which are provided by our bank (major German bank) to the Buyer before
    the L/C is opened. A personal inspection or additional quality and quantity
    inspection (in addition to our standard S.G.S.), although pointless, is always
    possible. In addition, we are very happy for the final contract, proof of funds
    and product evidence to be given in our bank with all parties present.

Procedures:     1. Buyer asks for a non-binding price indication, giving company name
        and address, and bank to be used.
    2. Seller issues informal price indication and terms and conditions.
    3. Buyer issues full Letter of Intent with details of enquiry, name of
        bankers and preferably a Bank Letter of Confirmation of funds
        availability. If preferred, an immediate bank to bank confirmation of
        funds versus ability to supply product can be made.
    4. Seller issues a Full Corporate Offer to Buyer, and text of L/C and
        Performance Bond.
    5. Buyer approves, signs and returns
    6. Contract issued for approval and signing
    7. Seller provides bank proof of product, refinery allocations and Buyer's
        bank confirms funds availability
    8. Buyer opens a pre-advice L/C
    9. Seller posts the operative Performance Bond to activate the L/C. Payment:     One vessel by documentary credit payable at sight. Several vessels by
    irrevocable, revolving, confirmed at Seller's bank L/C or confirmed by a
    Moody's or Standard and Poors AA bank or equivalent. Confirmation
    costs to Buyer's account.
    (We do NOT ask for or accept payment by "SLC" or "PBG").
    We will try to meet the customer's other requirements as best we can.
    Performance Bond: we post a cash-backed P/B of normally 2%, a
    higher P/B can however be given to new customers for the first shipment. Price:     It is not possible to give prices here on a web page because the prices are
    constantly changing. However, since we deal directly with refineries and do
    not have to support the costs of markets such as LIFFE it can be said that
    our prices tend to be below prices quoted by London or New York traders.

    At the time of writing world prices have been fluctuating dramatically, and
    prices for both white and raw sugar are at historically low levels. However,
    prices for whites are now below USD300 per tonne (CFR), and the raw premium
    is fluctuating around USD60.00 and more. As at the beginning of June the
    London option prices have been around 252-262 (whites) and 185-195 (raws).
    Genuine buyers know this. Please gentle reader be not offended, but do
    not contact us if you are looking for silly prices. Read instead the pages
    about possible fraud.

Shipping Terms     We prefer to sell on a CFR ("C+F") or CIF basis in order to avoid the
    chaos which can ensue if a Buyer's own vessel is delayed. However:
    Since FEB 1st we now offer FOB terms for orders over 35,000 tonnes.
    Price around USD40.00 per tonne less than CFR.
Specifications: WHITE REFINED CANE SUGAR    Polarisation:                99.8 degrees min.
    Ash Content:               0.04% max.
    Moisture Content:      0.04% max.
    ICUMSA                       45 rbu max. (Brazil S.G.S. scale)
    Solubility:                   100% free-flowing
    Granulation:               Fine crystal
    Colour:                        Sparkling white
    Radiation:                  Within internationally accepted limits.

RAW (BROWN) SUGAR     Polarisation:              97.0 degrees min.
    Ash Content:              0.3 - 0.5%
    Moisture Content:     0.3 - 0.5%
    ICUMSA                     42 rbu max. (Equivalent to 300-400)
    Solubility:                  98.4 - 99.0%
    Granulation:              Normal
    Colour:                       Brown
    Chromacity:              350 - 450 rbu B
    Presence of:             Dextron - 0.5% max.
    Radiation:                 Within internationally accepted limits.

Note: VHP (very high polarisation) raws can also be provided, premiums to be added.

(Note to Brokers: please contact us with your enquiries, we pay commissions)

MORE PAGES:                                                                SCOTTISH LINKS:
         Information on ICUMSA
         CANE SUGAR, what it is                                                    Scotland On Line
         Sugar Info Centre U.K.                                                       Dougie MacLean - Music
         Sugar Fraud (ICC warning)                                                "Appendix Out" - Music
         Fraud - "SLC" and "PBG"

CANE SUGAR TRUST CO. LTD Cane Sugar Trust Co. Ltd Tel +44 1877 331581; Fax +44 1877 331581

Last Updated 7th of June 1998 16.00 GMT (The advertising is not ours, but comes with the counter I am afraid...) Since 15th April You are Visitor Number ....