HMS 1 and 2 ISRI 200 ~ 206 12,500MT per month x 12 months CIF

HMS 1(80%)/ HMS 2 (20%) ISRI 200 ~ 206

QUANTITY : 12.500 MT per month – 1 Year contract

1. SPECIFICATION OF TERMS & CONDITIONS

Commodity : METAL SCRAP

Quality : HMS 1 (80%)/ HMS 2 (20%) ISRI 200 ~ 206 length : 1 meter or lower

Quantity : 12.500 MT per month - 150.000 MT p. a.

with the possibility to increase the quantity

Renewal : whit automatic extensions unless both parties annul the contract at least 2 months in written, as per (12months)

Origin : at sellers disposal

Period : 12 MONTH CONTRACT

Packing : Bulk Shipment

Shipment : 30 gg. At sign contract

Destination Port : CIF

Price offer : 100% LC CIF – $255 USD

Payment terms : 100% L/C at sign at top Spanish Bank, SBLC/MT760

PROCEDURE

13.   Buyer issues LOI; 

14.   Our company issues SCO;

15.   Buyer accepts and signs SCO and NCNDA / IMFPA, providing valid company details and copy of signed passport;

16.   Seller issues draft SPA and FCO with full company and bank details;

17.   Buyer signs FCO, and reviews, upgrades (if necessary) and signs SPA as acceptance of the offer;

18.   Seller signs SPA, both parties exchange hard copy contracts and NCNDA / IMFPA send to banks respectively;

19.   Buyer’s bank sends pre-advice MT799 message to seller’s bank confirming PoF;

20.   Buyer/representative comes for physical inspection of the goods.

21.   The seller provides at the same time the load to perform the SGS test.

22.   After a positive test, buyer issues a 100% SBL/C;

23.   Seller issues 2% Performance Bond to activate transferable SBL/C;

24.   Seller starts shipment;

25.   100% payment shall be made at destination port payment by T/T or MT103 against the documents

according to contact and L/C from the seller to buyer's bank in 3-5 days.