FOR SERIOUS BUYERS
1- The buyer sends an LOI to the seller.
2- The seller sends FCO to the buyer.
3- The seller and the buyer sign the FCO.
4- The buyer pay 1334$ for each million ton, which is the fee for fixing the price and reserve the quantity and it is refundable once the lc is made and confirmed.
Note: This 1334$ for each million ton can be cancelled and avoided if FCO is also signed and stamped by the Ministry of Trade & the Saudi embassy in the Buyer country.
5- After payment or signing the FCO as mentioned in point # 4, the seller will issue the final contract (SPA) and Invoice and send it to the buyer.
6- The buyer will issue LC mt705 Pre-advise with complete details and terms and conditions.
7- After mutual confirmation of LC draft seller and buyer side, the buyer will make the LC MT700 (irrevocable, confirmed, revolving lc at sight).
8- The seller will send videos and instruct SGS people for inspection and also the seller will allow visiting buyers for visiting the factory and warehouse for their satisfaction.
9- After receiving of confirmed LC in the sellerâ??s bank, shipment will be effected.
10- The seller will present SGS-Report and shipping documents to the bank.
11- The buyer's bank will release the money against the shipping documents.
12- 20% Performance Bond from Seller side.
13- The stepwise process has been read & accepted and will be acted upon it. (Attached on Page # 2)
we have ability to export huge qty to China and any other countries
kindly serious buyer have to send LOI to start immediately
We can supply you the USED RAILS/HMS 1-2 scraps you looking for on a regular basis.
For a quick conclusion, It is an obligation that buyer visit yard for full inspection of the goods and sign final contract
on the process.
The origin of our materials is South Africa AND loading port is durban port.
SUPPLY ABILITY
We have available and able to supply you for the period of 5 years,
USED RAILS R50-65
â?¢ R-50 (51.67 kg/m-GOST-7173-75)
â?¢ R65 (64.72 kg/m GOST-8165-75)
â?¢ Used Rail (ISRI 27-29).
CHEMICAL COMPOSITION :
International Standards as follows: R50 51,67 kg/m GOST