Hope you are doing well! As per your request for the Used Rail- Second Quality. We hereby issue an offer with the following terms and conditions. 1 Commodity: Used Rail Second Quality 2 Origin: Saudi Arabia 3 Contract Quantity: 2,100,000 Metric Tons (MT) 4 Contract Term: 12 Months 5 Monthly Quantity: 175,000 Metric Tons (MT) 6 Provided Length: 1.00-1.50 Metres 7 First Trial Delivery: 100,000 to 175,000 subject to agreement 8 Loading Port: Jeddah or ASSAP 9 Delivery Port: CIF ASWP 10 Inspection: SGS Q&Q Inspection at Loading port (at Sellerâ??s Expense) and SGS Q&Q Inspection at Unloading port (at Buyers Expense) 11 Fixed Price: US$ 195 /MT Delivered Specification R50 (51.67 Kg/m) Free size length GOST 7173-75 R65 (64.72 Kg/m) Free size length GOST 8165-75 Composition: C: 0.54-0.82%, SI: 0.18-0.40%, Mn: 0.60-1.50, S: 0.04 Max, P: 0.035% Max PAYMENT TERMS OPTIONS Option 1: IDLC MT700 Confirmed, Irrevocable, Payable at Sight Based on Total Contract Quantity of 2.1Million MT divided into 2 batches of 1.05 Million MT each. The first batch of 1.05 Million will be bases on a minimum LC cover value of 20% of 1.05 Million MT being 210,000 MT x $195.00 = $40,950,000 with Buyers Bank Guarantee for the remaining 80%, i.e.: $163,800,000 Option 2: IDLC MT700 Confirmed, Irrevocable, Payable at Sight Based on 3months total quantity of 525,000 MT x $195.00 = $102,375,000 auto-renewable until the full contract quantity is delivered. Option 3: SBLC MT760 Issued from a Prime Bank having 365 +1 days validity and value amount to cover the monthly delivery quantity of 175,000 MT x $195.00 = $34,125,000 x minimum 2months with payment per month made viaMT103 after inspection and delivery.
