Commodity: Railroad Ferrous Scrap (specification attached)
Destination: FOB Saudi Arabia
Price: FOB $375 Per Metric Ton
Quantity: 100,000 MT monthly x 12 months
One shipment: 100 000 MT
Packing: Bundles according to attached dimensions.
Important: The supplier can prepare rails cut to the dimensions expected by the Recipient
(the price for this additional service is to be agreed in the contract)
Inspection: SGS
Payment: DLC Transferable (Payment after BL, after SGS loading port).
PROCEDURE:
1. The buyer should sign this fco and issue the icpo with bcl to the
seller company.
2. Within (5) working days the seller will send spa to the buyer with
the bank verbiages ( lc) - according to the negotiations.
3. The buyer and within five working days should fill and sign the spa.
4. The seller will seller sign the spa, the seller and within five
working days will send to the buyer commercial invoice.
5. The buyer and according to the commercial invoice (ci) will open
revolving letter of credit (mt700) to the seller bank and send a copy
of swift to the seller bank.
6. The seller and within 12 working days will issue to the buyer:
a. Sgs test report (fresh date)
b. 2% performance bond (for fob deal)
c. Ppop
d. Bill of loading
e. Iicense to export the scrap metal
7. Within three working days the seller will issue all documents of
the metal (vessel) to the buyer, and the buyer will instruct his bank
to release the payment of shipment.
8. Arrange new shipment for the next month shipment.
SPECIFICATION R(P65):
R65 GOST 8165.75 WEIGHT 64,75 KG/METER
â?? C = 0,54%_0,82%
â?? SI = 0,18_0,40%
â?? MN = 0,60_1,05%
â?? S = ),04%_MAX
â?? P = 0,035 AS-0,01 MIX OF MASS SHARE
Steel rebar, plates for ship buildings, cast iron, cast and rolled slabs, steel billets, hot rolled plates and coils sheets, general purpose hot rolled plate, cold rolled plate, galvanized cold rolled sheets and coils, seamless hot rolled pipes, straight seam welded pipes, metal scraps.
