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Sell Used Rails, HMS1-2 [Product #: ISRI200-206]
188.00 USD [US Dollars] [MT]
DESCRIPTION:
Heavy Melting Steel; steel scrap including and not limited to plates, beams, rods, structural steel, used rails unless the product is limited to only rail. Only atmospheric rust allowed and no heavy rust is allowed. Chemical Composition: ISRI standard 200-206 (HMS1-2) / R50-65 (Used Rails).
Price: USD per MTW CIF ASWP. Buyer issues target price.
Origin: As designated by seller from 22 large scrap yards globally.
Delivery time: 30-45 days.
Delivery schedule: Seller to specify for completion of total quantity & first shipment from the date of confirmed LC in seller's account.
PBG Guarantee: 2 % operative Corporate PG Bond to be issued by seller. When the L/C's first billing is completed, the Seller will post a SBLC against its Corporate Performance Bond to the buyer indicated in the contract.
Inspection: SGS by seller. CIQ and CCIC at seller’s expense if required, at the loading port and not to be part of the payment documents. For those customers who insist on POP or other such amendments to the contract we allow such changes if a 10% deposit is placed with the seller.
ORDER QUANTITY:
Minimum order 30,000MT.
Quantity Options: 30,000MT / 60,000MT / 90,000MT.
Purchase Options: SPOT and Annual Contract
Closest Port: As designated by the seller. It will be known on the Final Contract.
Terms of payment: As per contract
Packaging: Loose – Bulk
PRICES: CIF ONLY
HMS 1: SPOT / 30,000 MT x 12 months: USD198.-/MT
HMS 1&2: SPOT / 30,000 MT x 12 months: USD188.-/MT
Used Rails: SPOT / 30,000 MT x 12 months: USD208.-/MT
Packaging: Loose – Bulk
If you increase the price from the above stated, you must split the increase 50/50 with the seller to cover the higher PB Guarantee.
PAYMENT TERMS:
Spot: Wire TT transfer for the entire amount of the contract, or Confirmed DLC payable against COMMERCIAL INVOICE ONLY. No deposit is required.
End User Contract: 1,000,000 USD Deposit applied toward cost of shipping plus Fully Funded DLC payable against commercial invoice and OBOL for the full amount of the first month shipment. Deposit will be deducted 1/12 part monthly from the contract price.
Reseller Contract: One month Deposit applied towards cost of shipping plus Fully Funded DLC payable against commercial invoice, OBOL, SGS and CCIC/CIQ for the full amount of the first month shipment. Deposit will be deducted 1/12 part monthly from the contract price.
Conditions when issuing DLC:
Regardless of the contract, ALL Fully Funded DLC must be issued in the name of the seller with the following instructions:
“PAYABLE AT SIGHT AGAINST: (Depends on contract) AT THE COUNTER OF THE ISSUING BANK”
All deposits are payable “via wire transfer” but, If you choose to pay the deposit via Fully Funded DLC then, the Fully Funded DLC must be payable against “commercial invoice ONLY” no exceptions.
Contract conditions;
Regardless of the contract, all contracts will be:
A) Issued on PDF format
B) Buyer must print it in full color, initial/sign and seal each page
C) Buyer must forward the original contract WITH its correspondent deposit to our corporate.
Final Note:
ANY variation from these guidelines will result in DLC, Contract or both being rejected. These terms and conditions are not negotiable or interchangeable.
Procedure:
B:- LOI (as per example)* with Bank coordinates and permission for Soft Probe/ BCL on the
buyer’s Letterhead signed and sealed by the end buyer not the mandate.
- Client Information Sheet** – preferred to have it filled in Word format because seller has to
put the loading port on it.
S: on the bases of these above documents the seller issues: Final contract.
B: within 72 hours the buyer signs and seals the final contract and sends it back to the seller.
S: after the seller does the same;
B: Issues Non Operative LC in 5 (five) banking days – as per contract
S: Issues Non Operative PB, it will activate the LC, PB will be activated after first billing.
There will be no and will never have any site or yard visit before LC. Yard and port visit is only possible after the buyer places deposit of one month shipment with the seller and only with annual / reseller contract, not the SPOT.
| Minimum Order: 30,000MT |
| Delivery Lead Time: 45 day(s) |
| Supply Ability: unlimited |
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