Used Rails

--Payment terms and procedure cannot be modified.

--Seller based in Singapore.

--Payment of LC upon receipt of material at Unloading Port. (VERY IMPORTANT AND COMFORT POINT FOR BUYER)

--product inspection report signature with Buyers representative after DLC is activated and at time of Shipment.

-- POP (Proof of Product) is provided against non operative DLC (See No.12 of the procedure).

The Seller has AQSIQ and will provide the same Bank to Bank.

REMARKS:

16    The above document will be valid for collection of material. The SELLER will send three authenticated copies to the BUYER'S bank. The original copy will be together with material loaded. Upon arrival of the goods in discharge port, the BUYER will ensure himself of the certificate worthiness and will release the visa for Letter of Credit's payment
 

15    The document which certifies the loading and the survey will be accepted and signed by SGS and by the BUYER

14    The certification of the product will be under SGS' authority along with the BUYER or a technician instructed by the BUYER

13    After become operative the DL/C   the SELLER sends an invitation letter to the BUYER to inspect the goods at the port of loading along with the SGS personals. (As per the BUYER'S option)

12    Upon receipt of non operative DL/C, the SELLER'S bank informs accordingly the SELLER. The SELLER instructs the SGS for issuing of the Proof of Product (POP) to be sent to the BUYER'S bank. The SELLER'S bank will inform the BUYER'S bank that, upon operative ness of the DL/C, they will issue an active Performance Bond of 3%.

11    Within seven (7) banking days, the BUYER'S bank sends a non operative DL/C  for trial shipment value to the SELLER'S bank

10    BUYER issues the final copy of the non operative Documentary Letter of Credit (DL/C). Duly filled in, via e-mail or via fax to the SELLER for his check

9        BUYER and SELLER deposit the signed contract to their respective banks

8        BUYER seals and signs the Contracts and sends three copies to the SELLER

The BUYER

7      SELLER seals and signs the Contract and sends six original copies via email to

      BUYER

      SELLER via e-mail. The SELLER signs electrically the copy and send it to the

6   The amend Contract is signed by the BUYER electrically and send to the

5    BUYER amends the Contract and sends it back to the SELLER

4    SELLER issues the Draft Contract to be amend

3    BUYER seals and signs the FCO and sends it to the SELLER

2.   SELLER issues the Full Corporate Offer (FCO)

1.   BUYER issues the Letter of Intent (LOI) to the SELLER

PROCEDURES:

The payment shall be guaranteed by an 100% Banker's Guarantee (BG), Standby Documentary Letter of Credit (SDLC) or L/C Irrevocable, Revolving, Transferable, Documentary Letter of Credit, issued or confirmed by a Prime International Bank at sight upon presentation of appropriate international shipping documents at counters of Seller's Bank

PAYMENT: BY 100% BG, SDLC or L/C AT SIGHT AT UNLOADING PORT.

material loading port will be finalised by seller.

Origin : Africa.

FINALIZED FOR THE USED RAILS 30,000 MT TONNES PER MONTH  PRICE CNF 295 USA DOLLARS CNF ASWP.NOW THE DEAL IS GOING

USED RAILS

PANORAMA FOREIGN TRADE CO.

CEO

Yasin ARSLAN

Your sincerely

Thanking for your kind interested and we look forward your early reply we remain

company and product range.

are interested in the subject, please, send us further information about your

are ready to make a long term cooperation with you on our mutually benefit. If you

We may be awailable in the near future to discuss the subject with you as well. We

If you are interested,we will be happy to send you any further informations...

products.

Enclosed is a specifications which gives you general informations about our

and .we would like to make our company and its products known to you.

Our company Panorama Foreign Trade is the,Exporter/USED RAILS

To Whom It May Concern