Steel Second Rails R50/ R 65

01. Product : Steel Second Rails
02. Origin : Russian Federation
03. Grade : R50/ R 65
04. Length :1.5 M TO 13 M
05. Buyer Requested Length : -------------------------
06. Product Specification: : R50 GOST 7173.75 WEIGHT 51.67 KG /LENGTH ONE (1) METER,
: R65 GOST 8156.75 WEIGHT 64.72 KG /LENGTH ONE (1) METER
07. Chemical Composition : Carbon (C): 0.54%-0.82%; Silicon (Si): 0.18%-0.40%;
: Manganese (Mn): 0.60%-1.05%; Sulfur(S): 0.04%maximum;
: Phosphorus (P): 0.035% maximum;
: Arsenic (As): 0.01% maximum of mass share;
08. Packing : Shipment in break and bulk
09. Shipping terms : CIF Inco terms
10. Total Order Quantity :1,250,000 Metric Tons
11. First shipment : 50.000 Metric tons
12. Further shipments :1,200,000 (100,000x12)
13. Total Contract Duration :13 Months
14. Rolls and Extensions : Extension to 5 Years with mutual consent of parties
15. Period of contract : October 2021 â?? October 2022
16. Currency : USD (United States Dollars)
17. Unit Price to Buyer : USD 262/= Per Metric ton CIF
18. Seller Commission : USD 8/=Per MT (Seller pays to Buyer Mandates)
19. Net Price to Seller : USD 250 /= Per MT
20. Total order value : USD 327,500,000
21. Month LC Value : Refer Annexure-2
22. Loading Port : Novorossiysk sea Port, Russia
23. Destination Port : ---------(Port) Korea
24. Performance Bond : Seller to provide 2% on Month Shipment Value
25. Inspection : At loading port at Seller Expense by SGS or similar agency
: At SGS/CIQ at Buyer expense at Discharge Port
26. Terms of Delivery :2-3 weeks from the date of Receipt of payment guarantee
27. Financial Guarantee & Payment
a) The Seller requires the Buyer to establish the guarantee acceptable to the Seller which shall comply with
Russian laws on payment by MT700 LC.