CLEARWATER, Fla., Feb. 05, 2024 (GLOBE NEWSWIRE) — JP Energy Global, PTE, LTD, a wholly owned subsidiary of JP 3E Holdings, Inc., formerly Spooz, Inc. (OTC:SPZI), is pleased to announce the execution of a sugar commodity contract valued at $617,500,000 for ICUMSA 45 Sugar. The contract is $47,500,000 per month for the next 12 months, which totals $570,000,000 for the year. The additional trial shipment brings the yearly total to $617,500,000 for the total contract value.
The origin of the shipment is Brazil, South America. As with our previously announced Chicken Paws Commodity contract, JP Energy Global as the seller will issue a performance bond to the buyer in 2% (two percent) of the amount of the financial operative instrument, received and confirmed by the seller through KEB Hana Bank through a Documentary Letter of Credit (DLC). Now that our team on the ground in Brazil has completed the execution of the sugar contract, it is prepping the shipment of the chicken paws contract …
Leave a Reply