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Steel Second Rails R50/ R 65 01. Product : Steel Second Rails 02. Origin : Russian Federation 03. Grade : R50/ R 65 04. Length :1.5 M TO 13 M 05. Buyer Requested Length : ------------------------- 06. Product Specification: : R50 GOST 7173.75 WEIGHT 51.67 KG /LENGTH ONE (1) METER, : R65 GOST 8156.75 WEIGHT 64.72 KG /LENGTH ONE (1) METER 07. Chemical Composition : Carbon (C): 0.54%-0.82%; Silicon (Si): 0.18%-0.40%; : Manganese (Mn): 0.60%-1.05%; Sulfur(S): 0.04%maximum; : Phosphorus (P): 0.035% maximum; : Arsenic (As): 0.01% maximum of mass share; 08. Packing : Shipment in break and bulk 09. Shipping terms : CIF Inco terms 10. Total Order Quantity :1,250,000 Metric Tons 11. First shipment : 50.000 Metric tons 12. Further shipments :1,200,000 (100,000x12) 13. Total Contract Duration :13 Months 14. Rolls and Extensions : Extension to 5 Years with mutual consent of parties 15. Period of contract : October 2021 â?? October 2022 16. Currency : USD (United States Dollars) 17. Unit Price to Buyer : USD 262/= Per Metric ton CIF 18. Seller Commission : USD 8/=Per MT (Seller pays to Buyer Mandates) 19. Net Price to Seller : USD 250 /= Per MT 20. Total order value : USD 327,500,000 21. Month LC Value : Refer Annexure-2 22. Loading Port : Novorossiysk sea Port, Russia 23. Destination Port : ---------(Port) Korea 24. Performance Bond : Seller to provide 2% on Month Shipment Value 25. Inspection : At loading port at Seller Expense by SGS or similar agency : At SGS/CIQ at Buyer expense at Discharge Port 26. Terms of Delivery :2-3 weeks from the date of Receipt of payment guarantee 27. Financial Guarantee & Payment a) The Seller requires the Buyer to establish the guarantee acceptable to the Seller which shall comply with Russian laws on payment by MT700 LC.
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