Used Rails Way

Project Manager

Sami Fouad Naguib

Best regards,

Please do not hesitate to contact the undersigned if you require any further details.

Sellers bank posting the obligation of performance 3% (three for one hundred) of the total amount of the bill for every delivery.

Performance Bond:

Unit Price: US $ 350/MT (per Metric Ton), CIF ASWP (Any Safety World Port)

Contracted Price:

b-      This shipment of material will be shipped within 30 days. The shipments will arrive no later than 30 days from date of B/L

a-      This shipment will be depending on the financial capability and storage capacity of the buyer, could range from 30,000 or 60,000 or 90,000 Metric Tons per month spot order CIF ASWP +/-5% to be allowed.

Shipment/Delivery:

Total Quantity: 1080,000 MT

Minimum Quantity:

Consignments are free of contamination, radiation and explosives.

As: max. 0.01% of Mass share

S: max. 0.04%

P: max. 0.035%

Si: 0.18 0.40%

Mn: 0.60 1.05%

C: 0.54 0.82%

R50-51.67 kg/m GOST 7173-75, and R65-64.72 kg/m GOST 8165-75

The chemical composition of the rails is as stated below, while the balance is pure steel;

Chemical Composition:

Steel scrap defined as Used Rail scrap under ISRI CODE (R50-R65)

Specifications:

ISRI CODE USED RAILS (R50-R65), the scrap shall contain used rails only with the length of 1.5-2 meters each length of rail.

Commodity:

ISRI CODE USED RAILS (R50-R65) , the scrap shall contain used rails only with the length of 1. 5-2 meters each