on behalf of the Seller, we are ready, willing and able to sell the commodity under the terms and conditions stated below:
FULL PRODUCT DESCRIPTION GOODS LENGTH CHEMICAL COMPOSITION SPECIFICATION COUNTRY OF ORIGIN PACKING OFFER QUANTITY PRICE DELIVERY PAYMENT INSPECTION PERFORMANCE BOND Used Rails - R-50 and R-65 8...12 meters, after dismantlement and cutting on size C : 0.54 - 0.82 % Si : 0.18-0.40% Mn : 0.60-1.05% S : 0.04 % max P : 0.035 % max & As : 0.01 % max of Mass share Norms: R-50 GOST_7173-75 R-65 GOST-8165-75 The Scrap consists of R-50 (51.67kg/m) & R-65 (64.72kg/m) As per ISRI Codes 27 to 29 Russia In Bulk (the rails must be neatly bundled and secured with minimum 2 (two) iron wire) 60, 000 MT per month x 12 months US$250. 00 per metric tons CIF Jubail K.S.A Irrevocable Revolving Letter of Credit, By SGS at loading Port. 2% of the total value of the contract. -------------------------------------------------------------------------- INSPECTION AND PRODUCT QUALITY The official surveyor for this contract is SGS Russia whose certificates shall be final and binding on both the parties. The Product shall be inspected by SGS Russia at place of loading (at the Seller"s cost) under the supervision of the Buyer"s representatives. The Buyer shall have the right to send his delegate(s) or appoint the counter surveyors at his expense to attend and inspect the quality during loading and supervision process. The Seller shall pay for the SGS Russia inspection fees at the place of loading. The Cost incurred by appointing any other counter surveyors or sending their representative at the port of loading or at the port of discharging shall be borne by the Buyers. The product chemical composition, mechanical property, origin, description of the places of ********, explosive safety, non-radioactivity, goods identification, conditions of storage, property rights, random check for QUALITY including item a) to d) shall be confirmed by SGS Russia before loading at place of loading. a) Safety: The Goods must exclude any pressurized gas, fuel or other sealed containers, explosives, bombs and inflammable material. b) Radioactive Material: The Goods must exclude any bearing sealed radioactive material, chemical and medical radiation devices, steel construction scrap which is contaminated with radioactive material, and also must exclude scrap that has radioactive material spread along its surface. c) Cleanliness: The Goods must exclude compressed or free tin cans, nail, bundle, steel rope and galvanized, tinned, enameled, chromium, copper, lead coated materials, non- ferrous metals, and foreign material and be free from dirt, oil, excessive rust, grease, paint pitch. d) Residual and other alloys: The Goods should not contain alloyed steel demolished vehicle parts and pig iron. ----------------------------------- DOCUMENTS REQUIRED 1. Drafts at sight drawn on the Issuing Bank indicating the DC No. and date. 2. Signed Commercial Invoice in 1 original and 2 copies 3. Full set of original (3/3) plus 3 copies of Non-negotiable clean "On-Board" Ocean Bills of Lading, Made Out "To order of... .Bank.." and Notify party as "............." and marked "Freight Prepaid". Bill of Lading must specify the following: a. Actual Port of Loading b. Actual Port of Discharge c. The name, address and telephone No. of the Shipping Agent at the Port of discharge. 4. Certificate of origin in 1 original and 2 copies. 5. Packing list in 1 original and 2 copies showing packing conditions. 6. Certificate of draft weight issued by authorized and Independent Surveyor (SGS) at the loading port in 1 original and 4 signed copies. 7. Quality loading report issued by SGS in 1 original and 2 copies 8. Certificate of quality and quantity (Pre-shipment inspection) issued by SGS in 1 original and 2 copies 9. Insurance policy in duplicate issued unto order 110% of the CIF value of goods from port of loading to port of discharge covering all risk as per Marine Institute Cargo clauses "A", Institute Strikes Clauses (Cargo), Institute War Clauses (Cargo) and Institute Radioactive Contamination Exclusion Clause 10. Seller"s statement certifying that one set of copy documents has been faxed to the Buyer at its Fax No..... within 10 days after shipment. WORKING PROCEDURES 1. Buyers issues LOI to Seller 2. Seller issues FCO to Buyer (done) 3. Buyer/Buyer"s Bank swift (BCL) 4. Seller issues contract, both parties amend and sign/seal 5. Buyer issues MT799 by Swift for bank 6. Seller issues POP by swift for bank buyer 7. Buyer issues Open LC Non Operative for bank Seller 8. Seller post 2% performance bond to Buyer"s Bank 9. Buyer respond with Operative Letter of Credit 10. Buyers inspection at site (yard) or loading Port (SGS) 11. Shipment to Buyer"s discharge Port 12. Payment upon inspection by SGS at Buyer"s Port.
---------------- BANKING DETAILS OF SELLER BANK NAME BANK ADDRESS BANK TEE/FAX NO ACCOUNT NAME ACCOUNT NO SWIFT CODE BANKING DETAILS OF BUYER BANK NAME BANK ADDRESS BANK TEL./FAX NO ACCOUNT NAME ACCOUNT NO SWIFT CODE
Please sign the FULL CORPORATE OFFER (F.C.O) and provide LOMCPO and fill in the Buyer and Buyer"s bank information to start the binding negotiation on the transaction for the above-mentioned goods. FCO validity : 15 working days from the above date SELLER: BUYER:
AUTHORISED SIGNATORY (With Company Stamg}^ „. AUTHORISED SIGNATORY (With Company Stamp)