Scrap

We are pleased to announce that we are ready and willing to sell Heavy Melting Scrap 1 & 2 in quantities of 30, 000MT x 12 Months.
Please read below for full details.
 
 Commodity: Standard & Grade 100% Used Rail (R50-R65)
 Specification: International Standard ISRI Code R50 R65                 
                         Composition:  C: 0.54-0.82%, SI:0. 18-0.40%, MN:0. 60-1.05%, S: 0.4%   MAX, P:   0. 035% MAX, AS: 0.01% MAX. OF MASS SHARE.
 
                     Components: These scraps consist of R50-R65 of Rails as R50
(51.67Kg/M Gost-7173-75), R65 (64.72Kg/M Gost-8165-75) According to Incoterm 2000. The Rails shall conform to ISRI CODE R50-R65
 
Quantity: 1,200,000.00 Metric Tons. (+/-5%) /Shipment as per your request.
 
                  Price:      $150.00 CIF ASWP, including  cost for Loading, Haulage but you will be responsible for the cutting.   
 
Length: 12.5 m
 
Terms of Payment:  By T/ T 14 days after inspection report issued at unloading port or 3 working days after arrival of product at buyers destination port of discharge.
 
                          Delivery Time:  35-40 Days after signing of Sales Purchase Agreement and receipt    confirmation of an operative financial instrument acceptable to the seller.  
        
Loading Port Terminal:  Apapa/Tincan Port Terminal, Lagos 
 
Yard Visit Mandatory after signature of draft contract by both parties at Seller's office.
 
Procedures:
 
1-The Buyers side or the Buyer, issues LOI with his demand and price offered. Signs, seals and sends to the Sellers side.
 
2-The Sellers side issues FCO, signs, seals and sends to the Buyers side or to the Buyer within 24 hours.
 
3-The Buyers side or the Buyer accepts FCO and send back to the Sellers side within 24 hours.
 
4-The Sellers side issues the draft contract, NCNDA and sends to the Buyers side or to the Buyer. The IMFPA, if necessary, is sent to the Buyers side parallel. All above within 24 hours.
 
5-The Buyer confirms his signature and seal the conditions of draft contract with remarks and NCNDA send back to the Sellers side. The Buyers side sends back IMFPA to the Sellers side. All above within 24 hours.
 
6-The Seller issues the final contract, seals and sends to the Buyer with the NCNDA by electronic mail within 24 hours. The IMFPA reconfirmed by Seller is sent to the Buyer side.
 
7-The Buyer sends back the final contract signed and sealed to the Seller by electronic post within 24 hours.
 
8-Seller will arrange invitations for the buyer (s) for yard visit on site.
9-The Buyer depart within 2 days after Yard visit and date of contract signature.
10-The sales contract is executed.
 
11-Scrap is shipped in bulk, the first shipment will commence not later than 30-45 (thirty-forty five) from the date of Contract execution. The remaining consignments will be shipped in each 30 (thirty) days period as defined in the contract.