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THIS FCO IS VALID ONLY FOR FIVE DAYS
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Quantity Available 3,000,000 MT

ISRI 200/201/202 with thickness#} 1: >6mm. the length x width for HMS#1 <300mm. The copper content is HMS scrap: 0.25% max. Hms#1 are free of alloys per SR 1 standard and mainly should be structure, plate, bar etc… but free machinery (lathes, whole set of machine tools, motors, castings iron, etc…), not including electrical parts and visible copper scrap, and also free of cements, wood, and rubber etc… also free from scaled vessel, explosive material, rusty scrap, etc.

HMS 1 - ISRI CODE # 200
Heavy melting steel. Wrought iron and/or steel scraps 1/4 inch and over in thickness. Individual pieces not over 60 x 24 inches (charging box size) prepared in a manner to insure compact charging.

HMS 1 - ISRI CODE # 201
Heavy melting steel 3 feet x 18 inches. Wrought iron and/or steel scrap 1/4 inch over in thickness individual pieces not over 36 inches x 18 inches (charging box size) prepared in a manner to insure compact charging.

HMS 1 - ISRI CODE # 202
Heavy melting steel 5 feet x 18 inches. wrought iron and/or steel scrap 1/4 inch and over in thickness - individual pieces not over 60 inches x 18 inches (charging box size) prepared in a manner to insure compact charging.

Inspection: S.G.S. or CCIC at seller's expenses

at loading port and buyer's expenses

at discharge port.
Delivery term: CFR Spanish port (cost and

freight) incoterms 2000
Total Quantity: MIN. 600,000 Metric Tons (+/- 5%)

up to 3,000,000 MT
Contract length: 12 Months
Shipment Period: The first shipments will be

delivered within 30-45 days

after the documentary letter of

credit is becoming operative.

Next shipments shall commence

within 25-30 days after previous

B/L.
Price: US$ 179/mt
PB : 2% from LC value
Payment: For the total contract quantity shall be

through an irrevocable, non-transferable

documentary auto- revolving letter of

credit issued or confirmed by a top

prime bank in favor of seller to

seller's bank payable 100% at sight per

shipment covering the value of monthly

shipment, auto-revolving for all the

contracted quantity.

Port of Loading: Any west Africa or middle east