Used Rails

IJN International, LLC.

William B. Iverson III

Regards,

If you do not accept all of the above do not waste your time or ours.

*** Procedures and Payment Instrument are NOT negotiable. Copy and paste procedures onto the LOI to show acceptance. LOI's must include full banking details and soft probe authorization and target price must match sale price. LOI's sent without BCL accompanying will not be processed. BCL must be on bank's letterhead with printed name and signature of an officer of the bank****

13.  The Seller transfers 100% of ownership of the goods (Freight and 110% insurance of the CIF value of goods prepaid) to the Buyer.

12.  100% payment is effected at the loading port with shipping documents after successful completion of the SGS inspection.

11.  The Seller sends an invitation to the buyer to accompany the SGS inspection and loading of materials at the loading port.

10.  The Sellers bank issues a 2% PB which makes immediately the LC into an operative instrument.

9.   The Buyers bank sends a non operative LC

8.   The Sellers bank issues a POP

7.   The Buyers bank contacts Sellers bank with a RWA or pre-advice of the LC and initiates the execution of the contract.

6.   The Seller signs/ initials and seals the contract after introducing all his information including banking details. He transforms the document into non convertible PDF file and sends a copy to the buyer as final hard copy of the contract.  

5.   The Buyer returns the final draft contracts with all his banking details, duly signed/ initialed, sealed and a draft copy of the LC that his bank will be sending once the contract will be in Favor, to the seller.

4.   The Seller reviews and confirms any changes made in draft contract by the Buyer. The Seller and the Buyer arrive at an agreeable contractual terms. 

3.   The Buyer returns revised draft contract to the Seller

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

1.   The buyer issues an LOI + BCL

Procedure for Used Rails

By Irrevocable, confirmed, unconditional, transferable or non transferable FFRDLC issued by Prime Bank acceptable to Seller/Sellers Bank.  (Top 50 Banks)

PAYMENT  

R65 ( 64.72kg/m-GOST-8165-75) and length need to be specified. 

USED RAILS R50-R65 
ISRI 27-29-The scarp consists of R50-R65 of rails as R50 ( 51.67kg/m-GOST-7173-75),

SPECIFICATIONS 

LOI (Letter of Intent with Soft Probe Authorization) or RWA (Ready Willing and Able, emitted  by Buyers bank), & BCL Bank Capability Letter from Top 100 World Banks

Initial Documents

The first delivery will be affected within 30-45 days from receipt and acceptance of the payment instrument in accordance to the contract

Delivery

Seller will issue a  2% Performance Bond

Performance Bond

SGS by Seller at Loading port

Inspection

Bulk

Packaging

No overpricing allowed period.

Commission of $2/MT included in price.

US$322.00/MT All Inclusive for Used Rails

Price

CIF ASWP

Destination Port

East Europe or at Sellers option

Loading Port

12 months shipments minimum with extensions

Contract Length

Minimum 30,000 Metric Ton x 12

Quantity

Europe or Sellers Choice

Origin

USED RAIL R50/R65 (NO YARD VISITS ALLOWED)