Ferrous scrap

9. The Buyers banker sends a draft copy if the Letter of Credit to the Seller for approval by the Seller and the Sellers bank.

10. The Buyer will then, with 7 days of receiving approval of the Letter of Credit, open an acceptable operative payment instrument or make the initial deposit to the Sellers bank.

11. Shipping of the material will commence within thirty (30) days from date of Sellers receipt of the acceptable operative payment instrument.

3. The Buyer signs and returns FCO, notating the type of LC and the issuing and confirming bank

4. The Seller issues a draft contract to the Buyer.

5. The Buyer returns revised draft contract to the Seller via, fax or email.

6. The Seller reviews and confirms any changes made in draft contract by the Buyer. If the Seller agrees to the changes made by Buyer, the Seller issues the final binding contract via fax or email.

7. The Buyer returns the final agreed contract duly signed and sealed via email or fax.

8. If hard copies are required, The Buyer will then print the draft contract and personally sign, seal and initial 4 Hard Copies of the Contract and then send contract via Courier to the Seller. The Seller will then sign, seal, initial and return two (2) originals by courier to the Buyer.

1. The Buyer issues an Irrevocable Corporate Purchase Order (ICPO) or an Irrevocable Letter Of Intent (LOI) with soft probe authorization or BCL from a top 25 bank if end buyer not a steel mill.

2. The Seller issues a Full Corporate Offer (FCO) to the Buyer.

Procedures:

Busan $408

Destination Port Price HMS 1&2 (CFR):

Upon LOI or ICPO we can produce an FCO immediately. We prefer to deal directly with the end consumer (Steel Mill.) If LOI is not from the end user, we will require verification of funds along with signed FCO.

We do not provide a performance bond on orders less than 5,000 MT.

20% deposit into US Citibank account with balance payable as Cash Against Documents.

- OR -

Operative Irrevocable Non-Transferable Letter of Credit payable 100% at sight against loading port docs, confirmed by current ranking top 25 Western/European Bank

Payment terms:

Shipment in 20 foot containers unless otherwise agreed.

Supplier is not an NHI seller and is AQSIQ registered.

Maximum: 2,000 MT first order

Minimum: 500 MT first order

Origin: Romania

Sellers Location:

HMS

Y INDUS, Inc. is pleased to offer HMS. We are the end seller for ferrous scrap from our exclusive supply allocations in Romania . Here are the pricing, terms and procedures for this seller including possible variations in the terms and procedures.

Y INDUS, Inc. is pleased to offer HMS. We are the end seller for ferrous scrap from our exclusive supply allocations in Romania