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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
