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Used rails and hms1&2 : Sell Offer
| Unit: |
metric ton |
| Quantity: |
30000 |
| Packing: |
bulk |
| Price: |
336 |
| Posted On: |
9 September 2008 |
Description:
SOFT OFFER FOR USED RAILS
SOUTH AMERICA
PAYMENT AT LOADING PORT
Commodity USED RAILS - HMS 1 2
Origin South America
Min/Quantity 30,000 MT
Contract Length 12 months shipments minimum/no spot
Yard visit Permitted after opening a non-operative FFRDLC
Loading Port Venezuela, Chile or other safe countries in South America
Destination Port CIF ASWP
Price US 341.00 HMS - US $336 USED RAIL CIF ASWP
Packaging Bulk shipment only no container shipment
Inspection SGS at Seller’s cost at Loading port with the presence of buyer’s representative
Performance Bond Seller will issue a 2% Performance Bond
Delivery The first delivery will be affected within 30-45 days from receipt and
acceptance of the payment instrument in accordance to the contract
Initial Documents LOI (Letter of Intent with Soft Probe Authorization) or RWA (Ready Willing and Able, emitted by Buyer’s bank), BCL – Bank Capability
there is $1 mt buyer's broker commission included in the above prices. you can get up to $4 mt more in commissions with $8 add on.
PAYMENT TERMS
Transferable fully funded revolving documentary letter of credit (FFRDLC)
Process for HMS 1&2 and Used rails from South America
1. The buyer issues an LOI + BCL certifying availability of funds for at least one month of purchasing volume.
2. The Seller issues a draft contract to the Buyer.
3. The Buyer returns revised draft contract to the Seller
4. The Seller reviews and confirms any changes made in draft contract by the Buyer. The Seller and the Buyer arrive at an agreeable contractual terms.
5. The Seller issues the final binding contract
6. The Buyer’s bank contacts Seller’s bank with a RWA or pre-advice of the LC and initiates the execution of the contract.
7. The Seller’s bank issues a POP
8. The Buyer’s bank sends a non operative transferable RDLC
9. The Buyer visits the Yard
10. The Seller’s bank issues a 2% PB which makes immediately the RDLC into an operative instrument.
11. The Seller sends an invitation to the buyer to accompany the SGS inspection and loading of materials at the loading port.
12. Shipping of goods commences within 30 to 45 days of the day the RDLC becomes operative.
13. 100% payment is effected at the loading port with shipping documents after successful completion of the SGS inspection.
14. The Seller transfers 100% of ownership of the goods to the Buyer including Freight & Insurance paid (110% of the CIF value of goods) for CIF delivery.
Contact Details
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