Used Rails R 50 R 65

DELIVERY AND SHIPMENT COMMENCE AS PER SCHEDULE MUTUALLY AGREED.

AFTER THE SBLC IS ACTIVE BUYER CAN VISIT THE YARD AND SEE THE EXIST OF THE USED RAILS AND 10 DAYS BEFORE THE USED RAILS ARRIVE ON LOADING PORT BUYER WILL RECEIVE ALL INFORMATION WHEN THE USED RAILS  GET LOADED TO GO THERE AND CHECK ALSO THE EXIST OF THE GOODS ON LOADING PORT. 

WITHIN 10 (TEN) WORKING DAYS OF RECEIPT OF THE NON-OPERATIVE STANDBY LETTER OF CREDIT, THE SELLER WILL POST THE OPERATIVE PERFORMANCE BOND AND PROOF OF PRODUCT WHICH WILL ACTIVATE THE STANDBY LETTER OF CREDIT

WITHIN 10 (TEN) BANK WORKING DAYS OF EXCHANGING OF THE POF AND POP, THE BUYER WILL ISSUE THE NON-OPERATIVE STANDBY LETTER OF CREDIT IN FAVOUR OF THE SELLER.

AFTER RECEIPT OF THE SWIFT MT799 FROM BUYER, BANK, THE SELLERS BANK SHALL SEND TO THE BUYERS BANK THE SELLERS CAPABILITY TO SUPPLY THE USED RAILS (POP) VIA SWIFT MT799 ON A BANK TO BANK BASIS.

AFTER SIGNING THE FINAL VERSION OF THE CONTRACT, THE BUYERS BANK SHALL SEND THE READINESS TO ISSUE THE AGREED FINANCIAL INSTRUMENTS (POF) TO THE SELLERS BANK VIA SWIFT MT799 ON A BANK TO BANK BASIS.

SELLER SENDS 04 (FOUR) HARD COPIES DULY SIGNED & SEALED. BUYER DULY SIGN & SEAL ALL COPIES AND RETURN BACK 02 (TWO) COPIES TO THE SELLER.

SELLER CONFIRM THE BUYERS LOI + BCL & RESEND BACK 02 (TWO) HARD COPIES WITH CONFIRMING LETTER TO THE BUYER VIA EXPRESS POST (DHL)

BUYER SENDS LOI + BCL  04 (FOUR) HARD COPIES VIA EXPRESS POST (DHL) WITH DULY SIGNED & SEALED TO THE SELLER 

SELLER ISSUES DRAFT CONTRACT IN FAVOUR OF THE BUYER.      BUYER SIGNS AND SENTS BACK THE CONTRACT DRAFT TO THE SELLER WITHIN 48 HOURS TOGETHER WITH PROPER LOI AND BCL  VIA EMAIL

Procedure -  

Packing - Bulk

Payment Term - BUYER WILL ISSUE AN IRREVOCABLE, TRANSFERABLE, UNCONDITIONAL, DIVISIBLE, ASSIGNABLE AND CONFIRMED STAND BY LETTER OF CREDIT COVERING THE TOTAL MONTHLY SHIPMENTS QUANTITY OF 30.000 METRIC TONNES

Price - 265 Euro PMT CIF ASWP ( 375 US $ approx )

Origin - Europe

Used Rail R50 R65