Buyer is interested to receive quotations for the following RFQ -

Product Name: Rail Scrap R50 / R65

Specifications:
R50-R65
ISRI CODE 27-29, R-50(51.67KG/M-GOST-7173-75), R-65(64.72KG/M-GOST-8165-75)
Delivery Terms: CIF
Product & Length / Cutting size: Accepted (Buyer preferred size) is 0.7 to 0.8 meter max.
Origin of Used Rails: Seller to be advice

Source of Used Rails: Seller to be advice

Price:
Price: CIF - USD $ 220 to 250 / Metric Ton including expected commission $15 [buyer mandate 50% & Seller mandate 50%]
Loading port: Seller to be advice
Discharge port: Nahwa Seva - Mumabai - INDIA
PACKING:

Packing: Container or Bulk Shipment [Buyer will advise on latter stage]
Notice: please note that INDIAN PORT department will not accept full length of rail scrap, Rails should be cut into lose of buyer size as mentioned above and can shipped in containers or in bulk vessel.

Quantity:
Trial: 5,000 MT
Monthly quantity: 8,000 mt
Contract value: 8,000 mt x 12 months contract

Payment : 100% Letter of Credit Transferable MT-760 Irrevocable, Confirmed and transferrable by any recognized Banks upon presentation of all shipping documents at destination and against final inspection at destination.

The letter of credit will cover only the material's total value in SPA agreement contract.
1) Commercial Invoice
2) Packing List
3) Certificate of origin
4) Bill of lading
5) Insurance
6) Product photos & videos to be share by seller at the time of FCO signing.

Procedure
A) Buyer/Buyer mandates send LOI. Seller mandate issues FCO.
B) End Buyer puts seal and signature on FCO as acceptance. Buyer issues !CPO to Pyramid Valley General Trading LLC
C) Seller sends SPA draft open for amendments. Buyer and seller signs SPA after negotiations.
D) Buyer will open LC which will become operative against 2% PB by seller.
E) As Seller Bank give Confirmation of Receiving of Original LC, Seller Start preparation of Shipment.
F) Upon final assay at Buyer destination port, in under within 6-Working Days BUYER to be release payment to seller account.
G) Upon confirmation of payments.
H) Same process will apply for further shipments in the contract

Specifications:
Minimum Chemical Composition
0.54 — 0.82
SI 0.18 — 0.40
MN 0.60 — 1.05
s 0.04 max
P 0.035 max
Vs 0.01 max of Mass share
Norms
R-50 GOST-7173-75 and
R-65 GOST-8165-75
R50 (51.67 KG/M)
GOST 7173-75
R65 (64.72 KG/M)
GOST 8165-75

1) Components: these scraps consist of R50-R65 of Rails as R50 (51.67Kg/M Gost-7173-75), R65 (64.72Kg/M Gost­8165-75) According to Inco-term 2000. The Rails shall conform to ISRI CODE 27-29, R-50(51.67KG/M-GOST-7173-75), R-65(64.72KG/M-GOST-8165-75) and will be Used Rail Steel Scrap Standard section" Rails. Materials will be, free from Mud, Dust, Fluff, Non-Ferrous inclusion, surface rust excessive rust and other impurities. Free from any substance and coatings any organic waste and other harmful substance. Dirt, Dust Rust fluff and other immunity not allowed.

2) Packing: Cut lose in bulk/containers

Quantity Required : MOQ

Shipping Terms : CIF

Destination Port : Nava Sheva, Mumbai, India

Payment Terms : 100% Letter of Credit Transferable MT-760 Irrevocable, Confirmed

Looking for suppliers from : Worldwide

Contact : Saleem