10. The buyer or his representative is expected to come to South Africa for the official inspection of the materials.
9. Shipping of Goods shall commence within thirty (30) to forty five (45) days from date of Sellers receipt of the acceptable Operative Payment Instrument.
8. The Seller will, within seven working days of receipt of the acceptable operative payment instrument, provide the Buyer with a 2% Performance Bond.
7. The Buyer will then, within 5 days of countersigned contract receipt, open the operative payment instrument, agreed in clause 10, to the Sellers bank.
5. The Seller issues Draft Contract to Buyer, Buyer reviews makes changes if needed in draft contract signs and returns. If the Seller agrees to the changes made by Buyer, the Seller issues the final binding contract via email.
4. The Seller reviews and confirms
3. The Buyer returns FCO signed to the Seller via email.
2. The Seller issues a FCO to the Buyer.
1. The Buyer issues LOI or ICPO
Procedures
180,000MT $250MT CIF
90,000MT $250MT CIF
60,000MT $255MT CIF
MIN ORDER: 30,000MT $265MT CIF
PRICE: $265MT CIF
R65.64.---72kg/m.GOST8165-75
C:0.6 0.082%
N:0.75 -- 1.05%
Si: 0.13 - 0.28%
R50 - 51.67 kg/m GOST 7173-75
C: 0.67 -- 0.8%
Mn: 0.75 -- 1.05%
Si: 0.13 -- 0.28%
P: max. 0.035%
S: max. 0.045%
Ar: max. 0.15%
SPECIFICATIONS:
USED RAILS R50 & R65
R50 - R65
Minimum Order Quantity: | 30,000 Metric Ton |
Payment Terms: | L/C |
Type: | Rails Scrap |