Our Seller is one of the largest sellers of scrap metal worldwide and can easily accommodate you with the quantity you ask for and with international standards of scrap metal code.
HMS 1/2, Spot Prices regardless of Quantity (30k minimum) - $262/mt CIF ASWP
Annual 30k x 12 minimum) - $262/mt CIF ASWP
Annual 60k x 12 and higher - $248.00 CIF ASWP
Used Rails, Spot Prices regardless of Quantity (30k min) - $282/mt CIF ASWP
Annual 30k x 12 min. - $282/mt CIF ASWP
Annual 60k x 12 and higher - $269.00 CIF ASWP

Spot purchase with option to roll into annual contract – The spot purchase offers many benefits in favor of the Buyer.
•Seller posts a 100% PBG backed by a bank letter of credit, entire shipment is covered.
•Buyer can request 30,000mt, 60,000mt or 90,000mt for spot shipment.
•Buyer can purchase up to 3 spots before requesting an annual contract with no price increase.
•Buyer has security of knowing they have a legitimate supplier before committing to a long-term
contract.
•Buyer’s risk is limited of having to open up large Letters of Credit with a new supplier.
•Buyer and Seller have equal opportunity to prove worthiness and gain mutual trust.
•Seller has a Satisfaction Guarantee Clause written into their contract stating that Seller will perform according to the terms of contract so there is no risk
•Seller offers a higher than standard 2% PBG that most buyers are accustomed to.
•Buyer is assured that the seller will provide on time or earlier delivery.
•Buyer purchasing a spot first nullifies any present or future deposits required by Seller ever.
•Sellers 100% PBG replaces the need for past BOL, past SGS, pictures or yard visit thus saving the Buyer money, travel, expenses, time, etc.

Steps of Procedures

1) Buyer is presented with the FCO, SPOT Sales Contract.
Note: If Buyer requires a POP in the form of an SGS report before signing Contract, a $6/MT charge must be wired to Seller account to have SGS conduct the quantity and quality inspection. This amount shall be deducted from the total payment when the contract is signed and executed. Skip this step if SGS is not needed at this time.
2) Buyer signs and seals the Contract and sends hard copies via courier (DHL,FedEX,etc.) to Seller offices.
3) Issuing bank (Buyer's) or the Buyer sends the Certified Check or Wire Transfer receipt along with
signed and sealed Sales Contract via courier to Seller. If Payment is in the form of DLC, it must be
negotiable with Commercial Invoice only. Seller alerts appropriate yard(s) and ships/barges.
4) Upon receipt, Seller verifies funds in real-time, and if funds are there, countersigns Sales Contract. A Corporate PB is issued together with the contract. The amount of the PB is the FULL (100%) CONTRACT VALUE, NOT just 2%.
5) Seller presents document(s) required for payment (Commercial Invoice only). Bank pays contract amount to Seller account. Seller’s Bank SBLC is sent to Buyer for the Corporate PB.etc.) will be sent to Buyer or Buyer’s Bank AFTER clearance of funds.
6) Other documents (OBOL, Certificate of Origin, Quality/quantity certificates (SGS,CCIC/CIQ) will be sent directly by inspectors to Buyer at the same time.
7) Shipment commences.

Product origin: Europe, Inspection: SGS, Packaging: Loose Bulk
Payment terms: Irrevocable Documentary Commercial Letter of Credit, Transferable/non-Transferable Letter of Credit

****NOTE: REGARDLESS OF BUYERS ANNUAL NEEDS, SUPPLIER WILL START WITH A MINIMUM 30,000MT SPOT SHIPMENT AND THEN CAN PROCEED INTO AN ANNUAL CONTRACT ****

Updated on 28 October 2009