HMS 1&2 : Sell Offer
| Unit: |
MT |
| Quantity: |
500 |
| Packing: |
On Request |
| Price: |
P.O.R |
| Posted On: |
3 August 2009 |
Description:
SOFT OFFER PRICES
COMMODITIES: USED RAILS R50 – R65 (GOST-7173-75 – GOST 8165-75)
HMS 1 AND 2 80:20 ISRI 200 – 206
ORIGIN: CIS/ASIA – RUSSIA, UKRAINE, KAZAKHSTAN MAINLY
LENGTH OF RAILS: 10 – 12 METERS UNCUT, $5/MT EXTRA FOR CUTTING.
ALL CERTIFICATES ARE AVAILABLE - AQSIQ
CONTRACT TERM: 12 MONTHS MINIMUM WITH ROLLOVERS AND EXTENSIONS.
PAYMENT TERMS: IRREVOCABLE, CONFIRMED, DIVISIBLE, NON TRANSFERABLE LETTER OF CREDIT ESTABLISHED BY TOP PRIME BANK FOR 100% INVOICE VALUE, PAYABLE AT SIGHT AGAINST SHIPPING DOCUMENTS.
PERFORMANCE BOND: 2% ISSUED BY SELLER
INSPECTION: SGS OR OTHER INSPECTION BODIES (NEGOTIABLE).
HMS 1 AND 2 [80:20] ISRI 200-206
QUANTITY [MT] CONTRACT
/NET SPOT/NET
12,500 255 255
30,000 240 TBA
60,000 240 TBA
200,000 240 TBA
NOTE: THERE IS NO MAXIMUM LIMIT FOR COMMISSION OVERPRICING. THERE IS NO 50/50 SPLIT BETWEEN BUYER AND SELLER. HOWEVER BUYER NEEDS TO APPROVE AND SIGN THE OVERPRICED COMMISSION.
PROCEDURES:
1. OPEN DISCUSSION BETWEEN BUYER/MANDATE/AGENTS AND SELLER/MANDATE
2. SELLER/MANDATE ISSUES AND SENDS SOFT OFFER
3. BUYER ISSUES AND RETURNS BACK WITH AN ICPO WITH PERMISSION TO DO SOFT PROBE.
4. SELLER/MANDATE ISSUES FCO, NCNDA, AND FPA
5. BUYER SIGNS AND RETURNS FCO ALONG WITH BANK COMFORT LETTER AND FULL BANKING DETAILS INCLUDING BANK OFFICER’S NAME & DIRECT PHONE NUMBER IN IT
6. SELLER/MANDATE ISSUES AND SEND DRAFT CONTRACT TO IMPLEMENT THE AGREEMENT
7. AFTER SIGNING, COPIES ARE EXCHANGE. THE TRANSACTION AND VERIFICATION PROCESS MUST PROCEED WITHIN FIVE [5] BUSINESS DAYS.
8. SELLER ISSUES AND SENDS INVITATION TO BUYER FOR YARD VISIT
9. BOTH PARTIES EXCHANGE HARD COPIES OF THE CONTRACT VIA COURIER AND ENDORSE CONTRACTS TO THEIR RESPECTIVE BANKS
10. SELLER’S BANK ISSUES AND SENDS VIA SWIFT FULL PROOF OF PRODUCT TO BUYER’S BANK
11. BUYER’S BANK ISSUES AND SENDS VIA SWIFT NON OPERATIVE, NON TRANSFERABLE, DIVISIBLE, IRREVOCABLE, CONFIRMED, DOCUMENTARY LETTER OF CREDIT TO SELLER’S BANK
12. SELLER’S BANK COUNTER ISSUES AND SENDS 2% PERFORMANCE BOND TO ACTIVATE PAYMENT INSTRUMENT
13. DELIVERY COMMENCES AS SCHEDULED
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