www.chensihong.org
chensihong86@hotmail.com
/
Wednesday, September 24th, 2004 FCO Ref. CENI0925
FULL CORPORATE OFFER
We
wish to confirm, based on the quote of our suppliers with whom we are
direct, with full corporate responsibility, that we are ready, willing
and able to transact and provide the commodity of Heavy Melting Scrap 1,
1&2 (80:20) and Used Rail Scrap with the following specifications, terms
and conditions. Sales and Purchases will be conducted based on
International procedures.
Seller Background:
Formed about 30 years back in the USA. ISO 9002 compliant recycling
facility in the USA. Customer list includes medium sized steel mills in
the USA.
Strategic agreements with other
recycling yards in Eastern Europe,CIS,Africa.
Commodity: Heavy Melting Scrap 1 (ISRI 200-202)
Heavy Melting Scrap 1&2 (ISRI 200-206)
Used Rail Scrap (ISRI R50-R65)
Pricing: Pricing is based upon prior sale in USD
$xxx per MTW CIF ASWP as follows:
HMS Prices for
monthly quantities
based on 12 month minimum
contract
30,000MT/mo 60,000MT/mo 100,000MT/mo
HMS-1&2 $ 176/MT $ 170/MT $ 166/MT
Rails $ 190/MT $ 183/MT $ 178/MT
HMS-1 & $ 183/MT $ 178/MT $ 174/MT
Wheels & Axles
For
quantities over 100,000 MT/mo please discuss with me.
Origin: Eastern Europe/CIS, Africa or as
designated by the Seller.
Destination: ASWP ( Any
Safe World Port)
Quantity: XXX MTW/month x XX
months totaling XXXXX MTW/year
Packaging: Loose
– bulk.
Inspection: SGS or CCIC by Seller. Any
other independent international inspection company (such as CIQ ) would
be used at Buyer’s expense if desired, but would not to be recognized
as part of the payment documents.
Delivery
Schedule: Seller to specify for completion of total quantity and first
shipment from date of confirmed L/C in Seller’s account.
Payment Terms: Irrevocable, Assignable,Confirmed,
Transferable and Revolving Documentary L/C payable in US Dollars, 100%
at sight of shipment against receipt of all documents required within 7
days of the contract signing from a Top 25 World Bank.
PBG Guarantee: 2% operative PG Bond to be issued
by Seller.
Typical Procedure:
Buyer sends fresh LOI + BCL or LOI with softprobe
authorization (can not be more than 7 days old) containing the following
three phrases:
The Buyer is aware that this LOI
is being issued on (enter the date of issue) to Cenitech Inc, acting as
their representative, to be presented to the Seller’s representative .
This LOI is the only current active LOI and has
been exclusively offered to Cenitech, Inc for the release of the Draft
Contract.
The Buyer is of the understanding that
any and all offers and/or contracts are subject to successful Seller
verification of funds and that said Seller thus has written permission
to conduct a soft probe of the Buyer’s account.
Seller verifies LOI and conducts soft probe, then
forwards draft contract. No draft contract will be issued prior to this
verification
Seller and buyer negotiate and
finalize draft contract
Seller releases final
contract for signing by both parties
Buyer opens
non-operative L/C
Seller issues Performance Bond
guarantee for 2% of the value of the LC to activate the L/C
Seller provides POP (proof of product given bank
to bank) when the L/C is “in place”
Buyer can
request to send representative to the loading port if desired
Pricing is subject to change without notice. This
Full Corporate Offer is while stock lasts and is on a first come first
served basis. Offer is subject to Seller approval.
Above pricing is net to you and all commissions
required must be added. Please provide commission structure required
when presenting the LOI. Keep in mind that the larger the commission,
the tougher it is to close a contract.
Please
provide all documents in electronic forms via e-mail or by fax.
=====
www.chensihong.org
FAX:0086-21-56069484/62769182/62765692
