Used Rail

LOI Adresse to :The End seller

5. POP Subjekt to POF.

4. Yard visit, SBLC and 2% PB activate the RDLC.

3. Buyer & Seller signs the Draft Contract.

2. Seller will issue Full Corporate Offer / Draft Contract to Buyer.

1. Buyer issues a letter of Intent (LOI) or Irrevocable Purchase Order (ICPO) with port discharge details.

Procedures

Performance Bond 2% to activate the RDLC

Payment Terms Irrevocable, Confirmed, Revolving Documented Letter of Credit at sight issued by a top 50 Global Western Bank against shipping documents, at Port of Loading.

Packing arrangement is Bulk.

All Scraps shall be without any harmful impurities and totally free of radioactive contamination and poisonous material and any other materials exceeding the level accepted and allowed by international acceptable norms or AQSIQ and UE norms and directives.

All scraps shall be free of explosive and oily materials and woods substance in any event.

Quality & Standard to the steel scrap specifications and standards of the Institute of Scrap Recycling Industries (ISRI) and shall be strictly limited to used rails and scrap steel to the standards specifically set out.

Specifications, Scrap Steel to be supplied under the present contract shall confirm

Origin Europe and Russia *Sellers choice

Inspection An independent surveyor, appointed by the Buyer, at Sellers cost shall do inspection at port of loading. Weight inspections done at the loading port shall be final and binding upon both Parties on any issues relating to weights and measures of the quantity or quality of goods delivered.

R-65 (64.72 kg/m GOST 8165-75) ISRI Code 27-29

Used Rail Description R-50 (51.57 kg/m GOST 7173-75)

Used Rail Description R-50 (51.57 kg/m GOST 7173-75)
R-65 (64.72 kg/m GOST 8165-75) ISRI Code 27-29