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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.

General - Commodity Description:

HMS-1 (Heavy) and Cast Steel Mixed Scrap
Actual Retail Price is more than $460 USD
Our Discounted Price is: $290 USD (Two Hundred Ninety US Dollar Only) per Metric Ton CIF Price.
Delivery Terms: CIF With no Additional charges.
Destination Port: To any accessible port as per as the buyers request.
With no objection from the Sellerâ??s side on the delivery Port.
In case that buyer would like to receive one of the shipments to a different port, Buyer has to notify the Seller before 10 (Ten)working days of the actual loading.
Certificate of Quality issued by an independent surveyor or SGS at loading port.


Clause 1 Scope of The Contract:

1.1 Buyer represents that it has the capability to purchase the commodity (POF + BCL have to be submitted).
1.2 The total quantity shall be delivered as of Two (2) Shipments contract Total of 100,000 MT.
1.3 The contractual quantity of the commodity sold and purchased under this agreement is One Hundred Thousand Metric Ton (100,000 MT).
1.4 Total Price of: $29,000,000 USD (Twenty Nine Million US Dollar Only) Two (2) Shipments - Which is payable through the DLC Each Shipment includes 50,000 MT.
1.5 Administrative Process (Fee) as of 1% as total for the NOC under the Buyers License, Exporting Permission, Legal Documents, and Commercial Invoice Approved by the Chamber of Commerce for the Buyers Bank to process the required for the Documentary Letter of Credit (DLC).
1.6 For the first transaction of the (1%) Admin Fee: $290,000 USD (Two Hundred Ninety Thousand US Dollar Only) at the first stage it has to be processed upon confirming the purchasing agreement, which is payable as per as the Following:
A. $290,000 USD (Two Hundred Ninety Thousand US Dollar Only) which is payable at 14th of October, 2021 (upon confirming the purchasing agreement
Clause 2 Commodity Description:

2.1 HMS1 Heavy Steel and Cast Steel