FCO Ref. CENI1101-01
www.chensihong.org
废钢铁报/
废金属报/
/
/
chensihong@chensihong.org/
FULL CORPORATE OFFER
We
wish to confirm, based on the quote of our suppliers and their
authorized representatives 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.
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/CNF ASWP as follows:
Ref Lot No.
1 HMS 1&2 ( 80:20) 30,000 MT X 12 month US $ 178 per MT
Ref Lot No. 2 HMS 1&2 (80:20) 30,000 MT X 12
month US $ 188 per MT
Ref. Lot No. 3 Used Rails
30,000 MT X 12 month US $ 198 per MT
Ref Lot. No.
4 HMS 1 30,000 MT X 12 month US $ 200 per MT
Ref.
Lot. No. 5 HMS 1 30,000 MT X 12 month US $ 186 per MT
Ref Lot. No 6 HMS 1 Wheels & Axles 30,000 MT X 12
month US $ 190 per MT
Spot Offer
Ref. Lot. No. 7 HMS 1&2 50,000 MT X 1 US $ 200
per MT
Ref Lot No. 8 Used Rails 30,000 MT x 1 US
$ 212 per MT
Ref. Lot. No. 9 HMS 1 50,000 MT x 1
US $ 216 per MT
Ref. Lot No. 10 HMS 1&2 30,000 MT
x 1 US $ 202 per MT
For larger quantities please
ask us.
Remarks: Ref. Lot No. 1, 5, 6 , 8, 10 are
NOT available to Steel mills as there is no site-inspection,POP, PBG
before L/C.
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.
AQSIQ : Seller is registered with AQSIQ
for China.
Inspection: SGS Any other independent
international inspection company (such as CIQ/CCIC ) 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, confirmed, Transferable / non-transferable(for steel
mills only) 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 for Traders ( as
Buyers )
1. 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.
2. Seller verifies LOI and conducts soft probe,
then forwards draft contract. No draft contract will be issued prior to
this verification
3. Seller and buyer negotiate
and finalize draft contract
4. Seller releases
final contract for signing by both parties
5.
Buyer opens non-operative revolving, transferable L/C
6. Seller issues Performance Bond guarantee for
2% of the value of the LC to activate the L/C
7.
Seller provides POP (proof of product given bank to bank) when the L/C
is “in place”
8. Buyer can request to send
representative to the loading port if desired
Typical Procedure for Steel Mills (or Foundry) or
their Authorized purchasing Mandate ( as Buyers )
1. Steel Mills or their authorized purchasing
mandate sends the LOI with full banking co-ordianates with softprobe
authorization in favor of “Cenitech,Inc” . If the purchasing mandate
submits current LOI it should be accompanied by authorization letter
from the steel mill or Foundry
2. Seller issues
the draft contract for review
3. Seller and Steel
mill sign the contract
4. Steel Mill or their
authorized purchasing mandate receives the POP bank-to-bank
5. Steel Mill does the site-inspection and
confirms the seller to issue the Performance Bond
6. Seller issues 2% non-operative Performance
Bond
7. Steel Mill posts an revolving,
transferable / non-transferable L/C to activate the non-operative
Performance Bond
8. Shipment commences
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 (
more than 3 dollars per MT), the tougher it is to close a contract.
Please provide all documents in electronic forms
via e-mail or by fax.
上海斯红工贸有限公司
www.chensihong.org
