www.chensihong.org
chensihong@cableplus.com.cn;
chensihong@chensihong.org
Monday, December 20,2004 FCO
FULL CORPORATE OFFER
Our
export offer group 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:
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 ¨C bulk.
AQSIQ : Seller or its partner yards are
registered with AQSIQ for China. Shipping documents will have seller¡¯s
partner yards AQSIQ number and a registration certificate copy will be
given to Ship¡¯s Captain at the time of sailing of ship.
Inspection: SGS
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 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 50 WBR.
PBG Guarantee: 2% operative PG Bond to be issued
by Seller.
CONTRACT TYPE ¡°A-1¡±
WITH FOLLOWING DOCUMENT FOR PAYMENT :
1. A full set of Clean on Board Ocean Bill of
Lading signed by authorized representative from the Shipping Ocean
lines, signed by the Master and showing the vessel¡¯s stamp and marked
CLEAN ON BOARD;
2. Commercial Invoice issued by
the Seller showing Contract Number, description of goods, pieces of
bundles of goods, unit price, total amount, gross/net weights of the
goods;
CONTRACT TYPE ¡°A-1¡± ( 12 MONTHS)
HMS 1&2 HMS 1 USED RAIL
30,000 mt/month $183.00 $194.00 $195.00
60,000 mt/month $181.00 $192.00 $193.00
100,000 mt/month $179.00 $190.00 $191.00
120,000 mt/month $178.00 $189.00 $190.00
150,000 mt/month $173.00 $188.00 $189.00
200,000 mt/month $169.00 $186.00 $187.00
250,000 mt/month $167.00 $184.00 $185.00
300,000 mt/month $166.00 Call $183.00
CONTRACT TYPE ¡°B-1¡±
WITH
FOLLOWING DOCUMENT FOR PAYMENT :
1. A full set of
Clean on Board Ocean Bill of Lading signed by authorized representative
from the Shipping Ocean lines, signed by the Master and showing the
vessel¡¯s stamp and marked CLEAN ON BOARD;
2.
Commercial Invoice issued by the Seller showing Contract Number,
description of goods, pieces of bundles of goods, unit price, total
amount, gross/net weights of the goods;
3.
Quality Certificate issued by SGS
4. Quantity
Certificate issued by SGS
5. Certificate of
Origin
6. Certificate of Non-Radioactivity and no
war material.
CONTRACT TYPE ¡°B-1¡± (12 MONTHS)
HMS 1&2 HMS 1 USED RAIL
30,000 mt/month $197.00 $212.00 $207.00
60,000 mt/month $192.00 $208.00 $202.00
100,000 mt/month $187.00 $202.00 $197.00
120,000 mt/month call call call
150,000 mt/month call call call
Typical Procedure for Traders ( as Buyers ) LOI
sample text below
1. Buyer sends fresh LOI + BCL
or LOI with softprobe authorization (can not be more than 7 days old)
containing the following three phrases:
¡¤ 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 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
¡°www.chensihong.org¡± . If the purchasing mandate submits LOI it should
be accompanied by authorization letter from the steel mill
2. Seller issues the draft contract for review
3. Seller and Steel mill sign the contract
4. Steel Mill or their authorized purchasing
Mandate sends POF or BLR via SWIFT
5. Steel Mill
receives POP (including seller/ partner yard AQSIQ registration number)
via SWIFT
6. Steel Mill posts an
non-operative,transferable, revolving L/C
7.
Seller posts 2% operative Performance Bond to activate the L/C received
in Seller¡¯s bank.
8. Shipment commences and
Steel mills visit the site or the Loading port.
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 is to close a contract.
Please provide all documents in electronic forms
via e-mail :chensihong@cableplus.com.cn ;chensihong@chensihong.org or by
fax: 0086-21-56069484/62769182 .
BUYER¡¯S
LETTERHEAD
Date Issued: Date must be less than 7
days old
LETTER OF INTENT
TO : TO WHOM IT MAY CONCERN
FROM : (Buyer¡¯s Name goes here)
We, (Buyer¡¯s Name goes here), hereby state and
represent that it is our intention to purchase, and we hereby confirm
that we are ready, willing and able to purchase the following commodity
as per the specification and in the quantity and for the price as
specified in the terms and conditions as stated below.
COMMODITY : Steel Scrap
ORIGIN : Russia, CIS, Europe or Supplier¡¯s
choice
SPECIFICATION : Heavy Melting Steel Scrap
(insert product required here)
- 100% HMS 1
(1500mm x 600mm , 5mm min thickness)
COMPOSITION
: (insert product required here)
Should be FREE
from heavy oxidation, grease, mud, dirt, cast iron, tin, sand, and lead
coated materials. The scrap should be FREE from non-ferrous materials,
excessive rust and corrosions.
QUANTITY : (insert
monthly requirement here) MT / Shipment / Month
CONTRACT LENGTH : 12 Months
LOADING PORT : As per supplier
DESTINATION PORT : (insert port of delivery here)
TARGET PRICE : (Should be Invoice Price to Buyer
including commissions)
SHIPPING TERMS : CIF/CNF
DELIVERY TIME : (insert approximate month of 1st
shipment here)
INSPECTION : Quality, Quantity,
Weight by SGS at seller¡¯s cost at loading port.
PAYMENT : Irrevocable, Revolving Transferable
Confirmed LC at sight 100% in USD
PBG : 2% to be
submitted by seller
LOI VALIDITY : 14 days from
the date of issuance
This LOI is the only current
active LOI and has been exclusively offered to www.chensihong.org . for
the release of the Draft Contract. This LOI voids any and all other LOIs
currently in circulation for this quantity and product.
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.
The following table is for Buyer¡¯s information
and banking details:
(ALL BANKING DETAILS MUST BE
PROVIDED)
Company Name:
Company Address:
Contact
Person:
Telephone:
Fax:
Email:
Company Bank:
Bank Address:
Bank
Complete Telephone Number:
Bank Complete Fax
Number:
Bank SWIFT/ABA/Routing Number:
Bank Account Number:
Bank
Account Holder:
Confirming Bank : (Should be Top
50 World Bank)
PROCEDURE:
1. Buyer sends LOI + BCL
2. Seller issues contract
3. Buyer and seller sign the contract
4. Buyer sends POF ( Proof of Funds ) or BLR
(Bank Readiness Letter) as per seller¡¯s text via SWIFT bank-to-bank
5. Seller sends POP bank-to-bank including AQSIQ
details of seller¡¯s partner yards.
6. Buyer
sends non-operative,transferable, revolving OR Fully Funded L/C for the
whole contract amount
7. Seller issues 2%
operative PB to activate the L/C.
8 Shipment
commences and buyer visits the Load port
Sincerely Yours,
(DOCUMENT
MUST BE SIGNED BY BUYER REPRESENTATIVE)
Chen si
hong
President
G.Manager
CEO
NOTE FROM
www.chensihong.org
ALL LOIs BEING SUBMITTED TO US
FOR PURCHASE OF HMS 1&2, HMS 1 OR USED RAIL MUST CONTAIN THE INFORMATION
NOTED ABOVE IN RED. IF THE LOI IS NOT FRESH AND DOES NOT CONTAIN THIS
INFORMATION, THEN WE CANNOT SUBMIT IT TO OUR SUPPLIERS. THESE
REQUIREMENTS ARE IN PLCE TO ENSURE THAT THE INQUIRY HAS THE GREATEST
OPPORTUNITY TO SUCCESSFULLY CLOSE, AND THAT THE EFFORTS OF THOSE
INVOLVED WILL BE REWARDED.
www.chensihong.org
chensihong@cableplus.com.cn;
chensihong@chensihong.org
