Scrap Metal Soft Offer DATE OF CONTRACT: 1th of May 2008 To : whom it may concern Commodity : USED RAILS ISRI CODE R50 – R65 Origin : Non Africa and Seller’s Option Price : $ 320 USD/MT for USED RAIL Loading Port : Seller’s Option Discharge Port : One Safe Berth – Packing : Bulk Inco Terms : CIF ASWP Shipment Commence : 30 to 45 days Quantity : 60.000 MT x 12 month contract Payment Terms : Irrevocable, Confirmed, Revolving, Transferable or non Transferable, Documentary Letter of Credit payable 100% at sight at loading port, Inspection : SGS Inspection at the loading at seller’s cost. Documentation : as per contract Proof of Product against Proof of Funds
In order to facilitate the transaction the following Procedures are required:
1. Buyer issues LOI with full details and full banking coordinates to Seller/Mandate. 2. Seller issue draft contract to buyer. 3. Buyer submit the signed and sealed draft, amended if necessary for seller’s final approval. 4. Seller return the countersigned final contract to buyer to lodge it with their respective bank for opening of the Pre-advice L/C or fully operational L/C . 5. Once sellers bank receive buyer L/C , POP and 2% PB will be issue to activate the buyers Pre-advice if necessary. 6. Shipment commence as per contract once L/C became operational in sellers bank.