USED RAIL

Mob;+47 9883 5521

Jernbane gt  8 ,1812 Askim \Norway

Mohammad Rafaqat Ali

Yours sincerely,

PLEASE NOTE THIS SO ISSUBJECT TO SIGNED CONTRACT

7)       Shipment starts within 30-45 days as perthe schedule.

6)       Seller issues the 2% PB and LC getsoperative (within 5 working days)

5)       Buyer issues non-operative Payment Instrumentwith the BG (within 7 days fromacceptance of the verbiage)

4)       LC and BG verbiage is approved andacceptance is sent to the Buyer (as required)

3)       Hard copy of Final Contract signed and sentto Buyer and returned by the Buyer with the LC and BG verbiage to the Seller (within 3 days)

2)       FCO/ D-Contact by the Seller , signed copyreturned by the Buyer (within 5 days)

1)       LOI with BCL by the Buyer (within 2 days)

PROCEDURE:

VALIDITY OF THIS SO

At seller responsibility

INSURANCE

An Irrevocable, Confirmed 9by top 25 European Bank), Transferable, Revolving Documentary Letter of Credit payable 100% at sight against shipping documents.

PAYMENT INSTRUMENT:

2% by the Seller

PERFORMANCE BOND

By SGS or equivalent at port of loading at sellers cost

INSPECTION:

12 Months  / SPOT deal (both in bulk and in container)

CONTRACT LENGTH:

Buyer to specify

DESTINATION

15,000/ 30,000  MT Per Vessel  (Buyer to specify what vessel the port can take on)

SHIPMENTS SIZES:

*for containerised shipment price will be USD30/ MT more than the contract price

*for spot deal price will be USD20/MTmore than the contract price

*price is subject to change depending on the quantity and port of destination

2,400,000MT (200,000 MT x 12)      :USD270/MT

1,080,000MT (90,000 MT x 12)       :USD270MT

720,000MT (60,000 MT x 12)          :USD275/MT

360,000MT (30,000 MT x 12)          :USD280MT

Target Price:

0000000 MT per Year (00000 MT per month).

TOTAL/QUANTITY:

Bulk 

.PACKING:

Europe , USA,CANADA ,AFRICA(GHANA)SELLER CHOICE.

Origin

As = 0.01% MAX of mass share

P= 0.035% MAX

S = 0.04% MAX

Mn = 0.60 - 1.05%

Si = 0.18 - 0.40%

C = 0.54 - 0.82%

Used Rails (100%): ISRI CODES R50-65, R50 (GOST 7173-75), 51.67kg/M, R65 (GOST 8165-75), 64.72kg/M with Chemical Composition of used rail (100%): Steel Rails Scrap/Railroad Ferrous Scrap (R-50/R-65) chemical composition shall be according to:

Standard:

The Rail shall conform to and will be used Rail Steel- Standard section "T" rails original weight 50 Kg. Per meter or heavier.  Each Rail unit will be straight, and without bending or winding. Free from mud, dust, fluff, nonferrous inclusions, excessive rust and other impurities.  Free from any radioactive materials, any harmful chemicals, substances, and coatings, any organic waste and any other harmful substances. Dirt, dust rust, fluff and other impurities not allowed over 1%.

Specifications:

STEEL SCRAP USED RAILS ISRI - R50-65

Specifications:

STEEL SCRAP USED RAILS

COMMODITY