Chemical composition of the steel scrap is of international standard as
follows; MN: 0.60 1.05; C: 0.54 O.82; SI: 0.18 â?? 0.12; S: 0.04 Max; P: 0.035
Max;
Current Scrap:
Wastage Brass --- 6000kg
Wastage Aluminium--500kg
Wastage Brass button--646kg
SS Shank Button-346kg
Wastage Zinc-1200kg
Loading: Seller
Transportation: Buyer
Payment Terms: 100% deposit to our bank account before purchase.
Bid: Within one day of publishing Request for bidding.
Material Check: Can visit our factory and check. Same material every month.
Location: Hemayetpur, Savar, Dhaka.
Application : Melting, Re Rolling
Source : Old Machine Parts Etc
Polished : No
C Content : 0.06 - 0.082%
Pack Size : 5-50 kg
Fe Content : 98%
Grade : HMS 1 & 2
Pack Size : 100-500 Kg
We can supply you with HMS scraps, HMS 1, HMS 1/2, Used rails scraps.
Specification and Quotation
Chemical Composition:
C: 0.06 - 0.082%
Mn: 0.75 - 1.05%
SI: 0.13 - 0.28%
P: Max 0.035%
S: Max 0.045%
Ar: Max 0.15%
- HMS1 and HMS2 are normally sold together with a ratio of 80/20 (or similar) depending on the price and weight;
- Cutting: 1 - 5 meters; 6 - 12 meters (or other cuts).
We are located in Southern California which is near to Los Angeles port and Long Beach port, California USA. Inland Tek Inc. is an export and import company specializing in trading between North America (primarily USA), South Asia (Bangladesh, India, and Pakistan), and Middle East. Primarily we deal with metal scraps like Ferrous (HMS 1&2) and nonferrous (Copper & Aluminum), Jet fuel, Diesel Gas D2 and Jute products
Heavy melting steel (HMS) or heavy melting scrap, is a designation for recyclable steel and wrought iron. It is broken up into two major categories: HMS 1 and HMS 2. The difference between the two is HMS 1 does not contain galvanized and blackened steel, whereas HMS 2 does.
Get in touch for pricing, be sure to include Spot or Contract and umber of months, also include target pricing.
Used Rail R50/65
Procedure :
- Buyer sends LOI
-Seller answers with FCO.
-Buyer receives FCO and sends LC draft from his bank to the buyer's bank.
-Seller prepares contract and issues Invoice(s) with company ID code .
- Buyer sends a non-activated LC in anticipation to receiving the proof of product( POP) and the performance bond (PB) 20% in favor of the buyer .
-Seller sends through his bank to the seller bank the PB operative only after LC is activated , together with the POP to the buyer's bank including :
a-certificate of ownership
b-certificate of origin
c-Quality and Quantity report from SGS .
d-photos and video for the needed steel .
e- formal invitation to the buyer's representative to visit the warehouses to view the needed steel .
f-Buyer bank activates the LC.
Origin: Kingdom Of Saudi Arabia , Destination: Cif Answ, Quantity: Subsequent Deliveries Of 100, 000mt (+/- 5%) For (12) Months Period, Unit Price Cif: Usd$200/mt, Payement Terms: Irrevocable, Confirmed By 20top Bank, Non Transferable, Auto Revolving, Non Operative Dlc/mt700 With An Amount Equal To One (01) Month Shipment To Guarantee Payment. Seller Issues P.Pop And Pb10% To Activate Dlc. 100% Payable Via Swift (mt103/tt) Bank Transfer Within 2 Banking Days After Delivery At Port Of Destination.
Operational Working Procedure For The Required Product:
1. Seller's Mandate Issues Sco (done)
2. Buyer Issues Icpo + Company Profile + Clear Color Copy Of Passport+ Full Banking Information.
3. Seller Issues Fco
4. Buyer Contersigns Fco And Return It With Draft Dlc/mt700
5. Seller Issue Sales And Purchase Agreement (spa) Open For Amendment Buyer Returns To The Seller Countersigned (spa)
6. Seller Verifies And Signs Fina Contract And Forwards To The Buyer Via Official Email With Commercial Invoice
7. Within 02 Banking Days, Buyer Returns To The Seller Contersigned Commercial Invoice
8. Within Ten (10) Banking Days After Issuing Commercial Invoice, Buyer's Bank Issues Irrevocable, Non Transferable, Auto Revolving, Non Operative And Confirmed Dlc/mt700 With An Amount Equal To One (01)month Shipment To Guarantee Payment
9. Within Ten (10) Banking Days After Confirmation Of The Dlc/mt700, Seller's Bank, To Activate Dlc/mt700, Issues Operative And Confirmed Pb10% Of The Amount Of Montly Quantity Value With P.Pop And Authorization To Make Physical Visit.
10. Within 30 Banking Days After Activation Of The Dlc By Seller's Bank, Shipment Commences.
11. Buyer's Bank Releases The Payment By Mt103, Within 02 Banking Days After Receiving Full Documentation And Q&q Sgs At Discharging Port:
12. Within 02 Banking Days After Receipt Of The Payment Via Mt103, Seller Pays Both Side Mandates In The Transaction According Ncnda/imfpa And Subsquently Monthly Shipment Continues As Per Terms And Conditions Of The Sales And Purchase Agreement Contract Between Buyer And Seller.
Guidelines To Note When Preparing Documents Icpo:
1. The Icpo Must Be Addressed To End Seller
2. The Above Procedures Must Be Accepted And Incorporated In The Icpo Word For Word.
3. Expired Icpo Not Accepted. Maximum Validity Of Icpo Is 03working Days From Issue Date
4. The Letterhead Is Genuine, Check For Any Signs Of Cut And Paste Or Scan And Edit. In The Letterhead We Need Complete Company Name, Address, Phone Number, Fax Number And Email Address.
