USED RAILS /SCRAP METAL

We can however work as with either of these procedures (A) or (B) as follows:-

PROCEDURE "A":

^{(1) Buyer and seller sign the contract.
(2) Buyer issues a NON-OPERATIVE DLC within 2 banking days after signing of contract.
(3) Seller gives a 2% Perfomance Bond as guarantee within 5 banking days, and this automatically activates the Non-operative DLC and it becomes operative.BUYER CONFIRMS PRODUCTS VIDE YARD VISIT.
(4) Shipment commences as scheduled in the contract.
(5)Seller provides all shipping documents to buyer
(6) Buyer remits the amount of Invoice value to buyer's bank}.

PROCEDURE "B":

^{(1) BUYER ISSUES ICPO
(2) SELLER  ISSUE   DRAFT CONTRACT  FOR BUYER'S REVIEW.
(3) BUYER SIGNS AND RETURN FULLY EXECUTED CONTRACT WITHIN 2 BANKING DAYS.
(4) BUYER RAISES A POF IN THE FORM OF SWIFT MT799 WITHIN 2 BANKING DAYS AFTER SIGNING CONTRACT.
(5) SELLER'S ISSUES A 2% PB AND ISSUE INVITATION LETTER FOR YARD VISIT, WITHIN 5 BANKING DAYS AFTER RECEIPT OF POF (MT799).
(6) BUYER CONFIRMS PRODUCTS VIDE YARD VISIT AND MAKE PAYMENTS SWIFT TO SELLERS BANK BY MT103/23
(7) DELIVERY COMMENCES AS SCHEDULED}

(27) Rail ,Steel No.1 Standard section tee rails , original weight 50 pounds per yard of heavier. Suitable for re rolling into bars and shapes .Free from bent and twisted rails ,frog ,switch and guard rails or rails with split heads and broken flanges .Continuous welded rail may be included  provided no weld is over 9 inches from the end of piece of rail.

ISRI CODE 27-29:

NORMS :R-50 GOST -7173-75 and R.-65 GOST- 8165-75 .THE SCRAP CONSISTS OF R-50 (51,67 Kg/m) R-65 (64,72 Kg/m) USED RAILS.

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

CHEMICAL COMPOSITION USED RAILS :

STEEL SCRAP HMS 1 & 2
USED RAILS