USED RAILS

USED RAILS R50 & R65 Minimum Quantity : 10,000MT X 12 MONTHS Delivery : CIF/AWSP Price :SEE BELOW TABLE Payment : NON TRANSFERABLE DOCUMENTARY L/C. Origin : UK / SPAIN Packaging : BULK - CONTAINER CONTRACT PROCEDURES 1. BUYER SENDS LOI/ICPO WITH FULL BANKING DETAILS WITH PERMISSION FOR SOFT PROBE. 2. SELLER SENDS FCO TO THE BUYER. 3. BUYER SIGNS FCO AND SENDS TO SELLER. 4. UPON ACCEPTANCE OF DRAFT CONTRACT, BUYER AND SELLER EXECUTE THE CONTRACT. 5. BUYER AND SELLER SIGN NCND AND MFPA. 6. AN ESCROW COMPANY IS APPOINTED TO BE INSTRUCTED BY SELLER 7. BUYER AND SELLER DEPOSIT 3% OF THE FIRST SHIPMENT TO THE NOMINATED ESCROW SERVICES. OR 7A.BUYER CAN ALSO USE TRANSFERABLE ONE MONTH BG OR SBLC AS GUARANTEE INSTEAD OF ESCROW ARRANGEMENT. 7B THE SBLC WILL BE REFUNDED AFTER THE RECEIPT OF DLC. 8. SELLER’S BANK ISSUE FULL PROOF OF PRODUCT TO BUYER’S BANK 9. SELLER ISSUES INVITATION TO BUYER FOR YARD VISIT (optional). 10. BUYER ISSUES IRREVOCABLE NON-TRANSFERABLE DOCUMENTARY LETTER OF CREDIT TO SELLER BANK WITHIN FIVE WORKING DAYS. 11. SELLER’S BANK ISSUE 2% PB TO THE BUYER’S BANK WHICH WILL AUTOMATICALLY ACTIVATE THE DLC. 12. THE SGS INSPECTION WILL BE BORNE BY SELLER. 13. SHIPMENT COMMENCE AS PER CONTRACT. 14. SELLER RELEASES PAYMENT TO ALL BROKERS/AGENTS SAME TIME OUT-TURN SHIPMENT DELIVERED PER SLOT VIA WIRE TRANSFER WITHIN 3 BANKING DAYS AFTER DISCHARGE OF CARGO AND RECEIPT OF ALL RELEVANT SHIPPING DOCUMENTS. NOTE: THE SELLER HAS ALSO PURCHASED MARINE INSURANCE (FROM A TOP MARINE INSURANCE COMPANY) FOR 110% VALUE OF ONE MONTH’S SHIPMENT. THE BUYER WILL HAVE A COPY OF THE POLICY DECLARATION PAGE IN THEIR POSSESSION BEFORE THE PRODUCT SPECIFICATIONS USED RAILS: SPECIFICATION: USED RAILS R50&R65 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. The scrap consists of Used Rails ISRI Code R50&R65. Used Rails R-50be 51.67 kg/m (GOST 7173-75). Used Rails R-65be 64.72 kg/m (GOST 8165-75),Used Rails R50&R65 being Railway Lines. The scrap consists of USED RAILS SCRAP ONLY. Used RailsFree from mud, wood, dust, asbestos, and free of excessive rusted material while a light atmospheric rusty.Goodsare absolutely free from sealed gas cylinders and other sealed containers, explosive shells, bombs and inflammable material, pig iron and electrical motors, fluff, non-ferrous inclusions, and other impurities. Maximumimpuritieswill be 0.1% andnon-radioactive. Documents: The following documents will accompany the Goods on delivery: 1- Ownership of title. 2- Quality certificate issued by SGS. 3- Certificate of Origin. 4- Customs Declaration. 5- Copy of export license. 6- Commercial invoice. 7- AQSIQ License. PRICE 10,000 X 12= USD 325 CIF 20,000 X 12= USD 315 CIF 30,000 X 12= USD 305 CIF 60,000 X 12= USD295 CIF