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Description:Herewith we would like to confirm that we and our principal seller are in position to supply the following ferrous scrap to your company for spot or annual contract of 12 months with extensions Available Quantity 30,000MT 60,000MT 90,000MT Prices are in USD per MT, CIF Origin: Central Europe Performance Bond:2% Delivery: Within 45 days from receipt of payment instrument. Inspection: By SGS/CCIC for quality, quantity and radioactivity at seller cost. Site Visit: Buyers are encouraged to send their representative to loading site to witness loading and inspection. Payment Terms: Payment by: Unconditional, revolving, confirmed, documentary, transferable,100% at sight L/C in USD from prime bank. SPECIFICATION: HMS1&2(80/20): ISRI-Code 200-206 Used Rail (Code number R50-R65): The scrap consist of R50-R65 of rails as R50(51.67 KG/GOST-7173-75), R65(64.72 KG/GOST-8165-75), and length 1.5m at sellers expense: Fr, According to INCOTERMS-2000) AQSIQ: Number will be provided after signing the contract (for Chinese buyer) Procedure: 1. Buyer sends LOI and BCL addressed to sellers name 2. Seller issue FCO, POP, draft contract 3. Signing the actual contract 4. Seller issues up-front non-operative PB 2% 5. Buyer issues non-operative LC. 6. LC becomes operative when PB activates YARD VISIT MOST WELCOME AFTER PRE-ADVISE OR NON-OPERATIVE LC Procedure: After signing contract, buyer will issue a BG pre-advice or LC pre-advice (bank document MT705) to seller. After receipt of the BG or LC pre-advice, the seller will issue the active 2% SBLC as the PB and the Proof of Product document to the buyers bank to activate the buyers BG or LC. Seller will then commence shipping. If our offer is acceptable, please send us your Letter of Intent (LOI) on your letterhead and BCL and we can issue the FCO and contract to you..
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