Used rails

or at destination port within 3 days at arrival .

Wire Transfer (TT) at sight upon presentation documents required for payment. by the Seller,

months and one (1) day from the date of issue. Payment for each shipment shall be effected by

By irrevocable BG /SBLC equal at value of 1 month shipments, valid for the period of 12

OR

shipping documents.

shipment, guaranteed by the bank for the contract value. Payable 100% at sight against set of

By Irrevocable, Transferable Auto Revolving Letter of Credit at Value of one month

PAYMENT TERMS

PB Will be provided for the value of 2% OF THE FINANCE INSTRUMENT VALUE

INSPECTION SGS at Loading Port at Sellers Cost

SHIPMENTS WITH 30.000MT VESSELS

YARD.

TO REALSE IN WITH IN ___(TBD)___ DAYS AFTER THE VISIT

VERBIGE FROM THE BANK AND COMMITMENT LETTER FROM THE BANK

*BUYER CAN VISIT THE YARD WITH BCL AND FINANCE INSTRUMENT

INSTRUMENT. SHIPMENT COMMENCES AS PER THE TERMS OF THE CONTRACT

SELLER SENDS THE 2 % PERFORMANCE BOND WHICH ACTIVATES THE PAYMENT

BUYER OPENS NON OPERATIVE PAYMENT INSTRUMENT.

BUYER SENDS DRAFT CONTRACT SIGNED SELLER SENDS FINAL CONTRACT.

SELLER ISSUES FCO / DRAFT CONTRACT.

BUYER ISSUES LOI or ICPO with soft probe or BCL

PROCEDURES

rails can be cut to the length the buyer wants.

Free from concrete, dirt, and foreign material of any kind. The

of any kind except angle bars.

not cut apart, and contain no manganese, cast, welds, or attachments

rails, to be free from frog and switch rails

(29) Rail, Steel No. 3.Standard section tee, girder, and/or guard

3 feet long and under.

weight 50 pounds per yard and over,

(28C) Rail, Steel No. 2 Cropped Rail Ends. Standard section, original

over, 2 feet long and under.

weight of 50 pounds per yard and

(28B) Rail, Steel No. 2 Cropped Rail Ends. Standard section, original

over, 18 inches long and under.

weight of 50 pounds per yard and

(28A) Rail, Steel No. 2 Cropped Rail Ends. Standard section, original

weld is over 9 inches from the end of the piece of rail.

Continuous welded rail may be included provided no

guard rails, or rails with split heads and broken flanges.

bent and twisted rails, frog, switches, and

and over. Suitable for re-rolling into bars and shapes. Free from

pounds per yard or heavier, 10 feet long

(27) Rail, Steel No. 1.Standard section tee rails, original weight 50

ISRI-CODES:

ISRI 27-29 .

ORIGIN  :  EUROPE, ASIA, SOUTH AMERICA 

Commodity : USED RAILS