Soft quotes are due to changes without notice
from the seller and will be confirmed by FCO
Commodity:
USED RAILS,
R-50 (51.67 Kg/m GOST-7173-75) and R-65 (64.72 Kg/m GOST-8165-75)
HMS 1&2, ISRI 200 —206
Origin: Europe, Russia,
CIS Countries
Seller: European (UK)
Packing: Loose or Bulk
Minimum order: 30.000MT (annual contracts only)
Payment terms: Irrevocable, Confirmed, Transferable, Monthly Revolving
Documentary Letter of Credit (LC), value 100% payable at sight,
confirmed by current ranking top 50 Western/European World Bank
Loading port: European main port
Performance Bond: 2%
Inspection: SGS,
Port of loading ASWP
Rate 330$ CIF/ton One
rate for 30k & 60k per month for Used Rails/HMS 1&2.
Rails cutting charge: 5$
MT/ton
PROCEDURES
1. Buyer sends an LOI + BCL or an ICPO, stating
that the buyer has the capability to complete the contract, with an
authorization for a soft probe.
2. The Seller
issues a draft contract to the Buyer.
3. The
Buyer returns revised draft contract to the Seller.
4. The Seller reviews and confirms any changes
made in draft contract by the Buyer. If the Seller agrees to the changes
made by Buyer, the Seller issues the final binding contract.
5.The Buyer returns the final agreed contract
duly signed and sealed with full banking information including a draft
copy of the LC he plans to produce in the future.
6.The Seller will then insert all his data
including his bank information, sign, seal, transform the contract into
nonconvertible PDF file and will send necessary copies back to buyer.
7. Within 7 days of receiving the final signed
contract the Buyer’s bank sends pre-advice of the LC to the seller’s
bank, initiating the POP process.
8. The Buyer
will then open the non-operative payment instrument to the Seller’s
bank.
9. The Seller will, within six working
days of receipt of the acceptable operative payment instrument, provide
the Buyer with a 2% Performance Bond making the payment instrument
operative.
10. Shipping will commence within
thirty (30) to forty five (45) days from date of Seller’s receipt of the
acceptable operative payment instrument.
11. The
buyer accompanies the SGS inspection at the loading port.
The delivery time will be counted from the day
the RDLC becomes operative only.
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 or
presents BCL from his Bank.
Buyer reserves the
right to personally or through an assigned agent inspect the commodity
at all times during SGS or CCIC inspection, as well as during the actual
loading of the commodity at the port of departure. If AQSIQ
certification is required, it must be provided by the buyer.
Please feel free to
contact me at any time.
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