Scrap Rail, HMS 1 & 2

We can supply HMS 1&2 and used rail by yearly contract or spot order. Please seee our requirements for these orders.CONDITION:1) We do not ship less than 30k x 12 on an annual contract. Spot orders of 10,000 or more2) Trial shipments may be available.3) The LOI must show the proper payment terms4) We only issue a FCO or draft contract after we have received a LOI with detailed banking info and soft probe authorization.5) Origin: CIS, Romania, South Africa, Europe, Middle East&others at Sellers choice.6) Delivery time:30-45 day after open L/C.PAYMENT TERMS:1) Payment terms: An irrevocable, confirmed, transferable, revolving LC 100% at sight.2) Performance bond 2%. Only.3) SGS report is not part of payment document.4) Visit scrap yard: After sign contract and sign open LC.5) No POP(SGSBL) will be provided prior to signing final contract. POP could be exchanged bank to bank.PROCEDURE:1) Issue ICPO/LOI with complete banking coordinates and/or BCL2) Receive FCO and/or draft contract with yard picture3) Complete, sign&seal return with ICPO, acceptance4) Final Contract issued5) L/C advice comes down6) 2% PB guarantee issued by sellers bank7) Both instruments become operative8) Inspection.LOI MUST INCLUDE: Use this as a check list):1) Buyer's full company name, address, tel, fax and email2) Signatory name3) Ship-to Company's full details(ifdifferent from Buyer). This is the4) Company that receives5) Type of product requested6) Target Price/MT CIF7) Quantity/month(minimum30.000mt/month)8) Length of contract(minimum1 year)9) Preferred origin10) Country of destination11) Unloading port12) PB requested13) Number of banking days required to open LC14) Complete bank details(nameaddress, contact officer, tel, fax)15) Account holder16) Account number17) SWIFT Code18) Type of contract required19) Upon receipt of this LOI the final Sales Contract is sent to Buyer