Cotton_Catalog_2019U0023.pdf

Wednesday, September 25, 2019 16:08:50 CDT

Sale Invitation Number = 2019U0023, Sale Status = Open, Cotton Type = Upland, Total Bale Count = 2, Total Bale Weight

The Agricultural Marketing Service (AMS), Fair Trade Practices Program (FTPP), Warehouse Commodity Management Division (WCMD), Commodity Management Branch (CMB) invites offers to purchase Commodity Credit Corporation (CCC) owned cotton in-store in accordance with the terms and conditions of this invitation.

CCC-owned cotton will be sold and released in-store at the warehouse location listed in the catalog using the factors shown on the warehouse receipt(s). Warehouse operators are obligated to deliver the specific bales in the identified lot. CCC will not pay the loadout charges. Prior to submitting a bid, offerors (buyer) are advised to check with the storing warehouse operator regarding scheduling and any applicable charges. The offeror will be responsible for any of these applicable charges.

Offerors will be required to enter a per lot bid, U.S. Dollars per pound, with no more than four decimal places. Regardless of size, lots must be bid on in their entirety. Each bid will be analyzed independently, and no offer can be contingent upon the acceptance of other offers. If there are identical offers, the lot will be awarded on a random basis to one offeror. CCC reserves the right to reject any or all offers. The date of award is the date the offeror is notified by CCC that their bid is successful.

Buyers of cotton must remit to CCC the payment equal to 100% of buyers invoice within five business days after the date of award. If payment is not received within five business days of the award date, interest will accrue for the account of the buyer on the sixth business day and continue up to the date payment is received by CCC. It is not acceptable for a buyer to withhold payment in favor of continuing to pay interest to CCC.

TRANSFER OF TITLE

CCC will electronically transfer title of the cotton (in-store) once payment is received and verified.

CCC stops paying storage the day the cotton bales are released to the buyer, which is when title is transferred.

Storage starts for the buyers account the day after the title of the cotton bales are transferred.

If payment is received by check, the check must clear the bank before warehouse receipt(s) will be electronically transferred.

FINANCIAL ARRANGEMENTS

Payment submitted by Wire Transfer of funds:

Please follow the wire transfer information on the Buyer Invoice/Collection Letter in COPS.

Payment submitted by cashiers check, bank check, or company check:

USDA/FSC/RMO

Mail Stop 8212 PO Box 419205 Kansas City, MO 64141

Further information on this Invitation for offers may be obtained by contacting:

Cotton Catalog - 2019U0023

Bid Open Date/Time = 09/25/2019 16:00 CT, Bid Close Date/Time = 10/03/2019 14:00 CT

Agricultural Marketing Service Warehouse Commodity Management Division Commodity Management Branch Telephone (816) 926-3816 Emails: marthaa.mitchell@usda.gov, kinley.hartman@usda.gov or lisa.edie@usda.gov

Lot 1 1Bale Count: Bale Weight 467

Warehouse: DEMING BONDED WAREHOUSE DEMING, NMWarehouse 536304

Receipt Net Wt (lbs)

Crop Year

Comp Code

Leaf Staple Micr Ext Cd Strength Uniform Index

Color Gin

Code Gin Tag

Tare Wt

Location:

Not AwardedLot Status:

8552012 467 2018 GU 43 3 35 4.7 00 28.3 81.672146 8552012 5

Lot 2 1Bale Count: Bale Weight 472

Warehouse: DEMING BONDED WAREHOUSE DEMING, NMWarehouse 536304

Receipt Net Wt (lbs)

Crop Year

Comp Code

Leaf Staple Micr Ext Cd Strength Uniform Index

Color Gin

Code Gin Tag

Tare Wt

Location:

Not AwardedLot Status:

8552040 472 2018 GU 31 4 36 4.1 11 27.1 81.172146 8552040 5