Used Rails

Inspection: SGS, certificates of quality andquantity, all shipping documents listing in the Contract will be issued in theport of loading.

Payment to be made available immediately afterloaded completion date by swift wire transfer against presentation to theBuyers bank of full set of Document Required for payment indicated in theContract.

Format of the L/C shall conform to the UCP 500latest revision.

The letter of credit shall cover the full amount inUS dollars for the contracted net quantity of Used Railways delivered asascertained by the nominated independent surveyor company on board of theloaded vessel at the loading point.

By ARDLC (Auto Revolving Documentary Letter ofCredit) irrevocable, confirmed and transferable L/C; POF from Buyers Bank, fullyfunded, documentary letter of credit (L/C), issued by one of the Top RatedWorld Bank, in favour of the beneficiary as indicated by the Seller.

Paymentterms:

Origin: AMERICA RUSSIA AUSTRALIA - EUROPE

As: 0.01% Max of Mass Share

P: 0.035 Max

S: 0.04 Max

Si: 0.18 - 0.40

C: 0.54 - 0.82

Mn: 0.60 - 1.05

Steel Rails Scrap/Railroad Ferrous Scrap(R-50/R-65) chemical composition International Standard as follows:

ChemicalComposition of used rail:

Cut at mt. 1.0 1.5 max.

Length: 12M to 12.5 M; Width: 5.5 inches; Weight:437.5Kg.

Size & Weight:

No pitting. Only atmospheric rust. No heavy rust.

No fishplates or steel pieces or bolts are attachedto the used rails. All rails are clean and straight

and length: Fr, according to INCOTERMS-2000

R65 (64.72KG/Meter) GOST 8161-75

R50 (51.67KG/Meter) GOST 7173-75

Specification:

Commodity: Used Rails R50 R65