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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
port
Port of Discharge: Any Spanish port
Insurance: Buyer's responsibility
Documents required for payment:
1) Full set of bill of lading, 3 originals and 3
non-negotiable copies, made out to the
order of
'…..', blank endorsed, showing notify party as indicated in relevant
letter of
credit, marked 'FREIGHT PREPAID'
2) Signed commercial invoice issued in 03
originals and 03 copies showing
commodity,
weight, quantity, unit price, amount, revolving letter of credit number,
contract number and invoice number.
3) Certificate of quality issued by CCIC or SGS
at the loading port in original and 2
copies
certifying that the quality of goods is in conformity with contractual
terms and
evidencing the percentage of oversized
material.
4) Weight certificate and draft survey
(including detailed record) issued by CCIC or
SGS
in 1 original and 2 copies.
5) Certificate of
origin in 1 original and 1 copy, issued and endorsed by the Chamber
of Commerce from the country of dispatch,
confirming that the goods have been
shipped.
Procedure:
1. Buyer
accepts this FCO by signing and sending back to the seller.
2. Seller issues draft contract and buyer replay
with changes if any.
3. Seller issues final
contract draft to buyer, who signs, seals and send back by fax or
email.
4. The seller signs
the contract and returns it to the buyer via fax or email.
5. Buyer issues 04 (four( sets of hard copies of
contract (2 seller, 2 buyer), which will
be sent
to the seller via international courier service for signature.
6. Within 5 banking days after signing of the
contract the buyer's bank issue
non-operative L/C
to seller's bank.
7. Within 7 Banking days after
receiving the non-operative L/C, the seller's bank issue
operative performance bond to activate buyer's
L/C.
8. Shipments commence as per contract.
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Tuan Yakin Keedin - GIA Group
280A Princes Hwy, Rockdale, Sydney 2216 Australia
Email : giayakin@yahoo.com
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