USED RAILS – ISRI CODE R50 – R65

The prices are only for 12 Months Contract; Any SPOT deal / Trial shipment will be $26.00 Additional

QUANTITY	USED RAILS
30,000X12	200.00
60,000X12	188.00
90,000X12	187.00
120,000X12	186.00
150,000X12	185.00
200,000X12	184.00

USED RAILS – ISRI CODE R50 – R65

The Seller guarantee to the Buyer that the Goods delivered under the present Contract will correspond to the characteristics shown below:

The Rail shall conform to ISRI CODES R50-R65 and will be used Rail Steel Scrap – Standard section “T” rails original weight 50 pounds per yard or heavier. Length up to 9 meters. Material Free from mud, dust, fluff, non-ferrous inclusions, excessive rust and other impurities. Free from war and explosives, shells, cartridges, other arms and ammunitions used or otherwise and any closed containers. Free from any radioactive materials, any harmful chemicals, substances, and coatings, any organic waste and any other harmful substances. Dirt, dust, rust, fluff and other impurities not allowed over 1%.

USED RAILS R50-R65

C: 0.54-0.82%

Si: 0.18-0.40

Mn: 0.60-1.05%

S: 0.04% MAX

P: 0.035% MAX

AS: 0.01% MAX OF MASS SHARE.

ISRI CODE: 50-65 – The scrap consists of R50-R65 Rails as R-50 (51.67 kg/m-GOST-7173-75), R65 (64.72 kg/m-GOST-8165-75) and Length up to 9 meters: Fr, according to INCOTERMS-2000.

Payment Terms:

Irrevocable, Confirmed, Fully-Transferable and Revolving Documentary L/C payable in US Dollars, 100% at sight of shipment against receipt of all documents required within 7 days of the contract signing from a Top 25 World Bank.

PBG Guarantee: Upfront 2% PBG provided by the seller against receipt of the BRL.

The prevailing rates below are valid for 5 days from the date of issue and are subject to changes without previous notice.

PROCEDURES AND TERMS AND CONDITIONS

1. Buyer sends fresh LOI signed and sealed by buying authority. The LOI must not be more than 5 days old. The buyer also should give a letter asking the seller's bank to do a soft probe.
2. On receipt of the LOI the Seller verifies the LOI and conducts soft probe, the forwards draft contract. No draft contract will be issued prior to this verification.
3. Seller and buyer negotiate and finalize draft contract.
4. Seller releases final contract for signing by both parties.
5. Buyer opens non-operative LC
6. Seller issues Performance Bond guarantee for 2% of the value of LC
7. Seller provides POP against POF (proof of product given bank to bank)
8. Buyer's LC becomes operative
9. Buyer can request to send representative to the loading port if desired
10. The delivery begins as per schedule

Note:

The seller has AQSIQ Number. The same will be provided bank to bank against POF and POP.

The contract will be made only directly between the end buyer and the end seller to avoid any possible complications.

Please note that the seller will under some circumstances be open to Non-Transferable LC which is also subject to different pricing and is subject to negotiation and mutual consent.

Buyer can request to send representative to loading port if desired

Inspection: To be carried out by any inspecting agency as per the seller's option, and their report will be part of the shipping Documents.

Inspection by the buyer can be done at the yard or at the loading port, but the same is allowed after receipt of the Pre-Advice L.C. from the buyer.

On acceptance of the above offer for HMS 1 & 2 and for Used Rails, we request you to issue the LOI on the buyer's letterhead duly signed and sealed with complete banking details to proceed further. The LOI should not be more than 5 days old.