(NAR) VOL. 22 NO. 2, APRIL - JUNE 2011
Section 1. Procedures in the Export of “B or domestic sugar into World Market
1.1 Application Letter
a. The sugar trader/exporter shall submit to the SRA, the Application Letter for export to the world market stating therein the Quantity of sugar to be exported, Name of Shipper, Port of Loading, Expected Date of Departure, Name of Consignee, Address of Consignee, Port & Country of Destination. Deadline for submission of application to export will be July 15, 2011.
b. The application for export shall be subject to the approval of the SRA Administrator. The SRA shall notify the sugar trader/exporter on the status of their export application.1.2 Advance swapping of “B” or Domestic sugar into “D” or World market sugar
a. Only sugar traders/exporters with approved export application from the SRA Administrator shall apply for the Advance swapping of “B” or domestic sugar into “D” or world market sugar.
b. All outstanding “B” sugar quedan-permits issued in Crop Year 2010-2011 are hereby allowed (eligible) for Advance swapping into “D” or world market sugar quedan-permits.
c. The “B” quedan-permits subject of Advance swapping shall be charged with an Advance swapping Fee of P 5.00/Lkg-Bag.
d. The reverted “B” pursuant to Section 2.2 of Sugar Order No. 10 series of 2010-2011 shall be exempted from paying the aforesaid fee.
e. The requirements for regular swapping application per Circular Letter No. 31, Series of 1997-1998 shall apply to the herein advance swapping.
f. The “B” quedans subject of advance swapping shall be stamped “SURCHARGED FOR WITHDRAWAL AS “D” OR WORLD MARKET SUGAR PER SUGAR ORDER NO. 11 SERIES of 2010-2011 dated June 17, 2011.
g. A Letter of authority addressed to the concerned mills/refineries allowing/authorizing the withdrawal of the (advance-swapped) “B” sugar as D” shall be issued by the SRA.
Section 2. The sugar represented by the advance-swapped “B” to “D” must be shipped to the world market no later than September 30, 2011. Any unshipped advance-swapped “B” to “D” shall be subject to SRA rules on said matter, including penalties.
Section 3. The advance swapped “B” to “D” allowed in herein Section 1 may be replenished by an equivalent amount of “D” from April 1, 2012 until August 31, 2013. “D” or World Market Sugar quedan-permits issued in crop year 2011-2012 are eligible for the replenishment.
Section 4. The existing requirements for export shipment application shall apply.
Section 5. Provisions of Sugar Orders, Circular Letters, and rules and regulations contrary or inconsistent with this Sugar Order are hereby revised, modified or revoked accordingly.
Section 6. This Sugar Order takes effects immediately.