[Offer to Sell] FOR SALE 9.000.000 MT Used Rails R50 - R65 USD275 / MT CIF ASWP |
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Soft Offer 1. Commodity : Used Rails R50 - R65 2. Quantity : 9.000.000 MT 3. Monthly Quantity : 750.000 MT 4. Duration : 12 MONTHS 5. Origin : SELLER’S OPTION 6. Loading Port : Seller’s Option 7. Packing : Loose Bulk 8. Size : Length 12 mt 9. Destination : CIF PORT ASWP 10. First Delivery : 45 TO 60 DAYS AFTER ACCEPTANCE OF MONETARY INSTRUMENT. 11. Inspection : Inspection shall be done at port of loading by CCIC / SGS or relevant inspection agency. 12. Price : USD$ 275.00 PER MT 13. Performance Bond : 2% PB against Non-Operative Financial Instrument. 14. Payment Terms : IRTDLC: Irrevocable, Revolving, Transferable, Documentary Letter of Credit confirmed or issued from Prime Top World 25 Banks. Or FFDLC: Fully Funded Documentary Letter of Credit confirmed or issued from Prime Top World 25 Banks. STANDARD SPECIFICATIONS AND GENERAL ANALYSIS. Used Rails R50 - R65 Chemical Composition Used Rails: 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 and R-65 GOST-8165-75 The scrap consists of R-50 (51, 67 kg/m) R-65 (64, 72 kg/m) Used Rail ISRI Code 27 to 29 includes all sections and sub sections. The material is free from radioactivity. ISRI 27 – 29. ISRI-CODES: (27) Rail, Steel No. 1.Standard section tee rails, original weight 50 pounds per yard or heavier, 10 feet long and over. Suitable for re-rolling into bars and shapes. Free from bent and twisted rails, frog, switch, and guard rails, or rails with split heads and broken flanges. Continuous welded rail may be included provided no weld is over 9 inches from the end of the piece of rail. (28A) Rail, Steel No. 2 Cropped Rail Ends. Standard section, original weight of 50 pounds per yard and over, 18 inches long and under. (28B) Rail, Steel No. 2 Cropped Rail Ends. Standard section, original weight of 50 pounds per yard and over, 2 feet long and under. (28C) Rail, Steel No. 2 Cropped Rail Ends. Standard section, original weight 50 pounds per yard and over, 3 feet long and under. (29) Rail, Steel No. 3.Standard section tee, girder, and/or guard rails, to be free from frog and switch rails not cut apart, and contain no manganese, cast, welds, or attachments of any kind except angle bars. Free from concrete, dirt, and foreign material of any kind. The rails can be cut to the length the buyer wants with additional paymen VALIDITY OF THIS OFFER IS 5 BUSINESS DAYS - PROCEDURES AND TIMING 1. BUYER issues the Letter of Intent (LOI) to the SELLER 2. SELLER issues the Full Corporate Offer (FCO) 3 BUYER seals and signs the FCO and send it to the SELLER 4 SELLER issues the Draft Contract to be amend 5 BUYER amend the Contract and send it back to the SELLER 6. The amend Contract is signed by the BUYER electrically and send to the SELLER via e-mail. The SELLER signs electrically the copy and send it to the BUYER 7. SELLER seals and signs the Contract and sends six original copies via express courier to the BUYER 8. BUYER seals and signs the Contracts and sends three copies to the SELLER 9. BUYER and SELLER deposit the signed contract to their respective banks 10. BUYER before issuing the final copy of the non operative L/C, sends the application form of the non operative Letter of Credit. Duly filled in, via e-mail or via fax to the SELLER for his check 11. Within seven (7) banking days, the BUYER’S bank sends a non operative Irrevocable Revolving Transferable Documentary Letter of Credit (IRTDLC), Divisible for one month shipment value to the SELLER’S bank 12. Upon receipt of non operative IRTDLC, the SELLER’S bank informs accordingly the SELLER. The SELLER instruct the SGS for |
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