USED RAILS - (ISRI CODES R 50 - R 65)

The scrap consists of of Used Rails as R50 (51.67 kg/m), R65 (64.72 kg/m) Length - Standard Length, Special - Lengths may be customised per order for an additional fee Standards Certificate - INCOTERMS - 2000, GOST - 7173 - 75, GOST - 8165 - 75Price - Price conforms to international standard pricing and is quoted against a valid LOI/ICPO.Price changes with the market until locked in by contract, and will reflect market conditions less discount. PRELIMINARY PROCEDURES1. BUYER/MANDATE SENDS LOI. 2. SELLER ISSUES FULL CORPORATE OFFER (FCO). 4. BUYER SIGNS FCO (ON EACH PAGE) AND RETURNS TO SELLER WITH BANK ENDORSEMENT. 5. SELLER ISSUES CONTRACT. 6. BUYER SIGNS AND RETURNS CONTRACT. 7. BUYER ISSUES NON-OPERATIVE FINANCIAL INSTRUMENT 8. SELLER ISSUE POP, BANK TO BANK 9. BUYER ACTIVATES FINANCIAL INSTRUMENT 10.SELLER ISSUES 2% PERFORMANCE BOND 11.SELLER PLACES ORDER SPECIAL TERMS 1. THE BUYER COMMITS TO PROVIDE THE BANK ENDORSEMENT EITHER ISSUED OR CONFIRMED BY A TOP PRIME BANK. 2. SELLER DOES NOT PROVIDE UP FRONT SAMPLES OR FACTORY VISITS SINCE ALL RELEVANT DOCUMENTS WILL BE PROVIDED WITH EACH SHIPMENT. 3. THE SELLER DOES NOT PROVIDE ANY PAST PERFORMANCE DOCUMENTS SINCE THIS IS CONFIDENTIAL BETWEEN THE PARTIES INVOLVED AND HAS NO VALUE FOR HIS CAPACITY TO DELIVER THE CONTRACTED QUANTITY IN THE FUTURE. 4. THE CONTRACT SIGNED BY BOTH PARTIES ELECTRONICALLY IS LEGALLY BINDING ACCORDING TO ICC RULES. HARDCOPIES ARE NOT PART OF THE PROCEDURES. IF THE BUYER REQUESTS HARDCOPIES THEN HE HAS TO PRINT THE HARDCOPIES SIGN AND SEAL EACH PAGE AND SEND THE COPIES PER COURIER TO THE SELLER FOR HIS SIGNATURE. THE SELLER WILL THEN RETURN THE 2-3 HARDCOPIES TO THE BUYER BY COURIER. 5. IT IS UNDERSTOOD THAT ONLY THE CONTRACT IN ENGLISH LANGUAGE AS ISSUED BY THE SELLER IS VALID. 6. THE BANK ENDORSEMENT AND THE FINANCIAL INSTRUMENTS HAVE TO BE CONFIRMED BY THE CONFIRMING BANK (BCL) IN CASE THE BUYERS BANK IS NOT A TOP 25 BANKNotes - HMS 1 and 2 (ISRI CODE 200-206 )Notes - Source of rails at Seller's choice

Used Rail