Manufactured Rails R50-R65 available from Saudi Arabia:
MOQ: 50,000 tonnes/month x 12 months
Two months back the total qty available was 800,000 tonnes with potential to increase the supply upon serious orders.
CIF price: USD 280/tonne
There is no FOB price.
No trial qty. Any trial may be treated as a spot order whose price will drastically go higher; therefore, we strongly discourage trial requests
Loading port: Jeddah, Dammam
Payment terms: Transferable LC or SBLC, autorevolving monthly. Payment can be done at the destination port.
There is no advance invoice fee. This is handled by the mandate. If POP or yard visit is required then the buyer must issue MT-705.
Procedure:
The buyer issues official LOI on letterhead, signed/stamped with full contact details and requirement stated. The LOI must state that all terms and conditions as per SCO have been agreed upon including issuance of MT-705 (in case of POP or yard visit requirement).
The seller issues FCO
The buyer signs FCO and issues ICPO.
The seller issues SPA. The SPA may be attested by the Saudi Chamber of Commerce (to be confirmed later).
The buyer signs and issues MT-705 (in case POP video is wanted).
The buyer issues Transferable DLC autorevolving, monthly
The seller issues 10% PB
Direct buyers should send official LOI to my email. We do not accept LOIs from middlemen/mandates so it has to be from the buyer who will also issue the financial instrument. If we receive any email from an intermediary we will first confirm the credibility of the LOI with the buyer. There is no markup for commission.
