Trading Terms
ASWP – This acronym stands for ‘Any Safe World Port‘. It is quite common for sugar sellers to offer delivery to any safe world port of the buyer’s choice.
BG – An acronym standing for ‘Bank Guarantee‘, which is a financial instrument issued by a bank on behalf of their customer for the benefit of [...]

Bank Guarantees
Bank guarantees are commonly used financial instruments in the sugar industry. Primarily they are used to provide protection to the seller, and an assurance that no matter what happens on the buyer’s end, funds are in place and available to pay the seller upon shipping of the contractually agreed upon goods.
Though a bank guarantee [...]

Letter Of Credit
The safest and most common form of payment in international sugar trading, letters of credit provide a means of payment which extends the maximum possible amount of protection to both buyer and seller. A letter of credit provides assurance to the seller that they will be paid upon shipping of goods and presentation [...]