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HMS 1&2 80:20

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Country: United States
City: Willis

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note_add 07/01/2013
update 07/01/2013
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Offer Description - HMS 1&2 80:20

The company buys HMS 1&2 scrap metal in various forms. Our company has operated on the principles of joint venture specified time term contracts with great success since 2002. We trade our scrap materials domestically and internationally and as a U.S. based import/export scrap metal company, we are always in constantly need of HMS scrap in bulk quantities from genuine and long-term suppliers within and beyond our borders. We seek out and respond quickly to sellers with the most advantageous prices and terms.

We currently have “IMMEDIATE,” long term deliver requirements for our smelting plants in Malaysia, Indonesia, and Bangladesh. We are ready to issue LOI, Proforma Invoice, Contract Agreement, Soft Probe of the Buyers Account, and Letter of Credit within 72 hours after receiving an “acceptable,” soft corporate offer.

Material requirements & general specifications
Prepared No. 1 & 2 Heavy Melting Steel 80:20
Requesting CIF prices to the following ports of discharge
5,000 metric tons CIF to Penang, Malaysia per month for 6, 8, and/or 12 month contract
5,000 metric tons CIF to Tajung Priok, Indonesia per month for 6, 8, and/or 12 month contract
5,000 metric tons CIF to Chittagong, Bangladesh per month for 6, 8, and/or 12 month contract
Packing: 20’ foot containers for 20 – 22 metric tons per container or bulk.
Payment method: Irrevocable Non-Transferable and Confirmed Letter of Credit, from Bank of America, United States, and paid 100% at Sight against Full Shipping Documents.

Letter of Credit Payment Terms
Payment by buyer shall be done through an irrevocable, non-transferable and confirmed letter of credit, paid 100% at sight against full shipping documents. The letter of credit will be issued non-operative, to be activated by a 2% PB issued from seller to buyers bank. Remittance by buyers bank by swift to the sellers bank. Telegraphic transfer reimbursement or any other mode of payment to the seller not permitted. Total payment shall be done in one letter of credit. First letter of credit shall be of 5,000 metric tons with a validity of 30 days, and second letter of credit of 10,000 metric tons shall be established no later than 10 days of completion of first 5,000 metric tons delivery and only after successful and satisfactory completion of trade transaction under first letter of credit. Validity of second and subsequent letter of credit shall be of 30 days.

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