Used Rails

9. Shipment commences

8. Buyer issues operative letter of credit and activates seller's 2% PGB

7. Seller's bank opens non operative 2% PB within 07 days of receiving SWIFT MT799/MT760

6. Buyer's bank SWIFT MT799 / MT760 RWA within 3 days of Final Contract signed.

5. Seller issues Final Contract and approves LC text.

4. Buyer signs and returns Draft Contract, along with Draft text of LC.

3. Seller issues Draft Contract.

2. Seller issues FCO and Buyer signs it and sends it back.

permission 

1. Buyer issues LOI + BCL or ICPO with all banking details with soft probe      

PROCEDURES:

4.4 accepts all the terms and conditions of the Seller (sorry non negotiable).

4.3 ready with financials ie ready to open LC.

4.2 has AQSIQ import certificate,  if for China.

4.1 has valid and current import permits

Kindly ensure buyer :

4. BUYERS COMPETENCY

Please assure us that you are only dealing with the authorized mandate and or end buyer and not with a chain of intermediaries / brokers. This is crucial for the success of the deal and we need prompt response to our Sellers documentation ie FCO, Draft Contract, payment instrument.  We reserved the right to perform due diligence on the buyer and may need to discuss with the mandates directly with the intermediaries.

3. DUE DILIGENCE

We do not accept any liability for any errors or omissions in the contents of this soft offer. Liability may only be considered after Buyer issues Operative Payment Instrument.

2. LIABILITY

Final Price and Procedures will be advised in the Sellers FCO.

1. FINAL PRICE

NOTES :   

Commission : overpricing 50:50% basis

AQSIQ : For China, will be released to the shippers and not at the FCO nor contract stage. No compromise on this matter.

Visit : no yard visit; loading port visit after operative DLC at sight is issued, at buyers own cost.

Payment : 100% Irrevocable confirmed auto revolving transferable DLC at sight, on monthly shipment value,  at seller bank from top 25 prime bank against all shipping docs required for payment. Non transferable DLC is also accepted at a premium of USD5.00 / mt.

Inspection : SGS at sellers cost at port of loading.

C/ OTHER GENERAL TERMS:

Price  : US$ 280.00 CIF ASWP m/t             

Spot offer : None

Min Qty : 30,000 MT x 12

Port of Loading : most probably will be Milan , Italybut a sellers choice.

Origin : Europe / Eastern Europe

Size : Max length 1000mm?max width 600mm?min thickness 4mm

Steel scrap  (HMS 1 & 2 ) shall be as per ISRI 200-206 , free and safe from harmful substances radioactivity and explosive substance and any sealed containers. The scrap will also be totally free from bombs, arms and ammunition, mines, shell, cartridges, sealed containers, gas cylinders, explosive shells or explosive materials in any form. The non-metallic impurities will be less than 0.2 %  of the total contract quantity

Specs: ISRI 200-206

Commodity : HMS 1/ 2 (80:20)

B/ HMS 1 / 2

Cutting : will attract a premium. Please advise length and we can advise the cost.

Price  : US$ 290.00 CIF ASWP m/t

Spot offer : None

Min Qty : 30,000 MT x 12

Length : normal 6- 12mtrs

Port of Loading : most probably will be Milan , Italybut a sellers choice.

Origin : Europe / Eastern Europe

Specs: R50-65

Commodity : Used Rails

A/ USED RAILS

Second hand Rail steel-terms CIF to Any Save World Port