We are hereby confirm that, we are ready and capable to enter into a contract for the purchase of the following commodity.
Commodity: Heavy Melting Scrap HMS 1&2 ( 80:20), USED RAILS R50-65.
Description: ( ISRI 200-206)Heavy Melting Steel; steel scrap including and not limited to plates, beams, rods, structural steel, used rails unless the product is limited to only rail. Only atmospheric rust allowed and no heavy rust is allowed.
Price: USD$ ........ per MTW CIF Mundra
Origin: As designated by seller.
Quantity: 30000 MTW/year at 2500 MTW/month
Packaging: Loose - Bulk ( Loading -Minimum 23-25MT/20'FCL)
Delivery schedule: Seller to specify for completion of total quantity & first shipment from the date of confirmed LC in seller's account.
Inspection: SGS by seller. CIQ and CCIC at buyers' expense if required, at the loading port and not to be part of the payment documents.
Payment Terms: Fully Funded DLC(Usance) payable against commercial invoice.
PBG Guarantee: 2 % operative Corporate PG Bond to be issued by seller. When the LC's first billing is completed, the Seller will post a SBLC against its Corporate Performance Bond to the buyer indicated in the contract.
We trust that the above will be of interest to you and we look forward to hear from you.
We can start with an inital trial consignment of 4 containers (@23-25MT/20'FCL loading). We request you to quote prices for the commodity mentioned above at your earliest.