Dear sir,
OBJECT
The seller herewith sell and the Buyer herewith
purchase SCRAP – Used Rail GOST R50-R65 in accordance with the
specifications and quality described in this contract (hereinafter
called "Goods").
The Specification of the goods
is provided in Appendix No. 2 hereto
QUANTITY
The unit of
measurement in this contract is metric tons of weight (MTW) 1,000 kg’s.
Months are calendar months according to the Gregorian calendar.
Quantity of each shipment is 12,500 up to 90,000
in MTW (+/- 5%) as per Delivery Schedule Appendix 3.
The total year quantity of 1,080,000 to be
delivered is shown in the Delivery Schedule Appendix 3 (+/- 5%). As per
agreement (12,500 up to 90,000 M tons) month x 12
The goods will be delivered over 12 calendar
months in accordance with Delivery Schedule in Appendix No.3 hereto.
The quantity of goods will be confirmed on a
certificate issued by the independent international survey company "SGS
(Societe General de Surveillance)", CIQ or CCIC at sellers expense.
Other quantity inspections at the port of unloading shall be at the
buyer’s expense.
Weight for invoicing purposes
shall be established by the actual net weight. Weight franchise of 0.5%
shall be allowed against Bill of Lading weight. In case short/over
weight exceeds +/- 5% the Seller/Buyer shall compensate Buyer/Seller for
the amount excluding the franchise on the basis of contracted price.
QUALITY
The Steel Melting Scrap shall conform to R50-R65
of Used Rails as R-50 (51.67 kg/m-GOST-7173-75), R65 (64.72
kg/m-GOST-8165-75) and Specifications in Appendix No.2 hereto.
The quality of the goods will be confirmed by a
certificate issued by the independent international survey company, such
as "SGS (Societe General de Surveillance)" which shall be binding on
both parties in all respects, including but not limited to the
replacement of faulty goods paid for by the seller. Other quality
inspections at the port of unloading shall be at the buyer’s expense.
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