Second Quality Railway Type: R50/R65 HS Code:730210000000. R50 or R65 or both R50 & R65 mixed. This steel is made of new iron raw material
Length of each Second Quality Railway Bar: 0.9 to 1.2 Metric Meters. (Or length as requested by the buyer).
Unloading: Max 3 (three) Days
Shipment Period: 30 to 45 Working days from receiving the Sight Letter of Credit (LC).
Monthly Shipment. (Specify Quantity) Minimum is 100,000 (One Hundred Thousand) Metric Tons
Total Quantity Minimum 1,200,000 (One Million Two Hundred Thousand) Metric Tons for 12 months
(Inspection certificate to be issued by CCIC or SGS or other reputed agency (at Seller's cost) shall perform the inspection at the loading port on quantity and weight).
R65 GOST 8165.75 WEIGHT 64.72 KG/METER with Chemical composition shall be in accordance of below mentioned. Chemical composition, size and weight with 15% + or - variance acceptable.
C = 0.54% - 0.82% SI = 0.60 - 1.05%
MN = 0.60 - 1.05%
S = 0.04% MAX
P = 0.035% AS -0.01 MIX OF MASS SHARE
Nb = 0.03%
Fe = 96.13% - 98.13%
R50 GOST 7173.75 WEIGHT 51.67 KG/METER with Chemical composition shall be in accordance of below mentioned. Chemical composition, size and weight with 15% + or - variance acceptable.
C = 0.60 % NB = 0.025 %
Si = 0.37 % TI = 0.003 %
Mn = 0.85 % V = 0.13%
P = 0.019 % SN = 0.004 %
S = 0.013% B = 0.0006 %
CR = 0.015% ZN = 0.003 %
NI = 0.007 % N = 0.005 %
AL = 0.0007 FE = 97.9 %
CO = 0.052 %
Rail Steel No. 1, Standard Section Tee Rails, Original Weight 50 Pounds Per Yard, Over Heavier, 120.50m Rails.
Steel No. 2. Cropped Rail Ends. Standard Section, Original Weight 50 Pound Per Yard Ano Over 12.50 Meters Long.
28b) Rail-ster N0.2 T -rail Ends Standard Section Original Weight 50 Pounds Per Yard And Over 12.50 Meters -28c) Rail, Steel N0.3, Standard Section Tee, Girder. Ano/ Or Guard Rails, Free From Frog And Switch Rails Not Cut Apart, And Contain No Manganese, Casts, Welds Or Attachment Any Klnd Except Angle Bars. Also, Rails Are Free From Radlation And Explosive Substance.
1.0m (0.08 M - 1m) Rail Ferrous
Origin: Saudi Arabia
Quantity: min 500.000kg - 5,000,000 MT
Contract Length: 24 Months
Price: FOB $190; CIF $205 (Comission pay by buyer)
Cut: 1.2 to 1.5m
Delivery: ASWP
Packing BULKSHIPMENT.
Payment: Irrevocable, Confirmed DLC MT700 from top international bank.
First Shipment: 30,000 MT
Monthly Shipment: 200,000 METRIC TONS per Month.
Inspection: SGS, BUREAU VERITAS, ALFRED KNIGHTCERTIFIED.
WORKING TRANSACTION PROCEDURE:
â?¢ Buyer issues LOI addressed to the Seller
â?¢ Seller issues FCO.
â?¢ Buyer sign FCO and issues /ICPO.
â?¢ Seller issues Draft Contract for review and signature.
â?¢ Buyer send back the Draft Contract Approved and Signed or with Amendments to be approved by
seller.
â?¢ Buyer issues agreed DRAFT of MT700 bank to bank (only 20% of full amount)
â?¢ Seller confirms and issues Pro-forma invoice and issue pop (proof of product) to the BUYER,
SGS/Q&Q, certificate of Oregon, ownership, videos. All from SELLER bank to BUYER bank.
Buyer issues agreed LC (MT 700) bank to bank
Buyer is permitted to VISIT LOADING PORT for the SGS Inspection before loading and shipment.
PB (performance bound) 2% as bank guarantee to the BUYER Via swift.
Shipments will commence as scheduled in the contract.
Payment Method:
1-LC MT 700 IRREFOCABLE, CONFIRMED, TRANSFERABLE, AT SIGHT WITH 20% AMOUNT OF OUR COMMERCIAL INVOICE.
COPY # (1).
2- LC MT 700 IRREFOCABLE, CONFIRMED, AT SIGHT WITH FULL AMOUNT OF OUR COMMERCIAL INVOICE.
COPY # (2).
As per your request for the Used Rail- Second Quality. We hereby issue an offer with the following terms and conditions.
1 Commodity: Used Rail Second Quality
2 Origin: Saudi Arabia
3 Contract Quantity: 2,100,000 Metric Tons (MT)
4 Contract Term: 12 Months
5 Monthly Quantity: 175,000 Metric Tons (MT)
6 Provided Length: 1.00-1.50 Metres
7 First Trial Delivery: 100,000 to 175,000 subject to agreement
8 Loading Port: Jeddah or ASSAP
9 Delivery Port: CIF ASWP
10 Inspection: SGS Q&Q Inspection at Loading port (at Sellerâ??s Expense) and
SGS Q&Q Inspection at Unloading port (at Buyers Expense)
11 Fixed Price: US$ 195 /MT Delivered
Specification
R50 (51.67 Kg/m) Free size length GOST 7173-75
R65 (64.72 Kg/m) Free size length GOST 8165-75
Composition: C: 0.54-0.82%, SI: 0.18-0.40%, Mn: 0.60-1.50, S: 0.04 Max, P: 0.035% Max
PAYMENT TERMS OPTIONS
Option 1:
IDLC MT700 Confirmed, Irrevocable, Payable at Sight Based on Total Contract Quantity of 2.1Million MT divided into 2 batches of 1.05 Million MT each. The first batch of 1.05 Million will be bases on a minimum LC cover value of 20% of 1.05 Million MT being 210,000 MT x $195.00 = $40,950,000 with Buyers Bank Guarantee for the remaining 80%, i.e.: $163,800,000
Option 2: IDLC MT700 Confirmed, Irrevocable, Payable at Sight Based on 3months total quantity of 525,000 MT x $195.00 = $102,375,000 auto-renewable until the full contract quantity is delivered.
Option 3: SBLC MT760 Issued from a Prime Bank having 365 +1 days validity and value amount to cover the monthly delivery quantity of 175,000 MT x $195.00 = $34,125,000 x minimum 2months with payment per month made viaMT103 after inspection and delivery.
