SALES OFFER
Non Binding
1 Sales Offer No. CROWN-SO-672 - Dated on 03-August-2021
2 Description PRIME STEEL BILLETS
3
1. Prime Steel Billets - 4SP - 200MT approx.
2. Prime Steel Billets - 5PS - 150MT approx. Item(s) Description
4
1. As per the photos enclosed.
2. 100mm X 100mm X 5.80 meter( +/-20mm)
3. Chemical Composition attached.
Size & Specifications
5 Quantity & Tolerance 350 MT +/- 10% in 14x20` Container . Under 1BL
6 Quality Best Quality
7 Origin Bahrain
8 Mode of Packing Loose
9 Asking Price Best Price
10 Port of Loading BAHRAIN
11 Port of Discharge Nhava Sheva / Mundra / Kandla / Far East
12 Destination ICD/IHC can be done at buyer cost
13 Partial Shipment Not Allowed
14 Transhipment Allowed
15 Shipment Goods ready for shipment, can be delivered to port in immediately
16 Mode of Payment 20% advance and balance Payment against scanned copy of OBL.
17 Marine Insurance B class shall be given, A class cover cannot be given
18 PSI Certificate For India, it can be given
19 No guarantee for its reusability, Yield based recovery etc. It is sold as scrap. It is
buyer choice to melt it or re-use it Guarantee/Warranty
20 Photos Actual Photos enclosed
21 1.Under 1BL
2. Subject to prior Sale & Subject to Re-Confirmation. Conditions
Steel angles, I beams, h beams, channels, flat bars, and hot rolled sections manufactured by sulb bahrain, compliant with astm, en, and saso standards..
Commodity: Un-used rail, secondary grade, R50 (Gost-7173-75) and R65 (Gost-8165-75)
â?¢ Lengths: From 0.9 to 12.5 meters, cut in any lengths at buyer choice
Total Quantity: >5,000,000 Mt (Two million metric tons)
â?¢ Origin: Saudi Arabia
â?¢ Price and Shipment Type: CIF to any port in the world at $160/MT
Shipment Delivery Schedule: Proposed schedule is 200,000 MT/Months X 10 Months. It must be noted that maximum shipment size is 500, 000MT/Month, while minimum shipment size is 50,000MT/Month. However, details of shipment will be agreed upon and reflected in the contract.
The payment: 100% LC MT700 Confirmed, at Sight, Irrevocable, non-transferable for the total LC value for the whole amount of 5 Million MT. However, revolving LC MT700 can be opened only with 20% " Negotiable as agreement "of the Total Value, but only on the Condition that the Buyer's Bank Guarantees the Total Value and accepted by Seller)
Performance Bond: 2% by seller as Bank Guarantee after Establishing LC.
Warehouse Visit/Preview: If the buyer desires to visit the warehouse or see Proof Of Product - POP documents, videos, photos...etc., it is required to open (before came) only MT705 from buyer bank to seller bank within 48 Hrs. MT705 does not hold Buyer for commitment to Seller for whole amount, which is required to assure the Seller of Buyerâ??s financial resource capability to commence the deal.
â?¢ Inspection: SGS or any Equivalent as per the signed contract.
Commercial Invoice (CI): CI shall be issued at Buyer expense for a cost of $2700 in order to preserve the desired quantities for specific period of time (14 days). However, Seller will return this CI amount to Buyer once LC- MT700 is issued.
The CI is a reference required for LC MT700 and/or MT705 issuance per Saudi Banking System regulations. Note, the seller will provide commitment letter to return the CI amount, mentioned in the contract, and can be added to LC-MT700 conditions terms to ensure Buyer of retuning the CI amount.
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