R50 and R65 railway rails

1. COMMODITY SPECIFICATIONS & PRICING

• Product Name: Second Quality Railway Rails (R65 & R50) 

• Condition / Production: Direct, Hot Rolled, 2026 Production 

• Quantity: 1,000,000 Metric Tons (1,000,000 MT) 

• Unit Price (CIF - Port of Destination): $150 USD per Metric Ton 

• Invoice Issuance Fee: $1,350 USD (Refundable upon successful bank transmission of the agreed Letter of Credit / MT705) 

2. TRANSACTION PROCEDURES & WORKFLOW

The transaction shall proceed strictly through the following sequential steps:

1. Step One: Letter of Intent (LOI)

The Buyer issues an official Letter of Intent (LOI) specifying the exact quantity, destination port, and specifications, sent directly from the Buyer’s official corporate email to the Seller. 

2. Step Two: Full Corporate Offer (FCO) & Confirmation

The Seller responds with an official FCO confirming product availability, specifications, and reservation terms for the specified duration. 

3. Step Three: Proforma Invoice (PI) & Invoice Fee

Upon the Buyer's request, the Seller issues an official Proforma Invoice (PI) to secure the quantity and price. 

• Requirement: The Buyer or intermediary must remit the non-refundable invoice issuance fee ($1,350 USD) to the Seller's designated bank account. This fee is fully refundable and will be returned to the Buyer immediately upon the arrival of the confirmed financial instrument via bank notification. Following this, formal contracts and intermediary protection agreements are executed. 

4. Step Four: Inspection Advise (MT705) & Confirmed Letter of Credit (MT700)

• Option A (Inspection Notice): The Buyer may request a banking pre-advice for inspection (Pre-Advise MT705) issued by the Buyer’s bank without any financial charges or obligations, allowing the Buyer to inspect the goods prior to financial commitment. 

• Option B (Payment & LC): The Buyer's bank shall issue an Irrevocable, Confirmed, At-Sight Letter of Credit (Confirmed MT700 At-Sight) or a Revolving Confirmed L/C covering the transaction value through official SWIFT channels to the Seller’s bank. 

5. Step Five: Delivery & Execution

Upon successful receipt and bank verification of the LC, the Seller initiates delivery and shipping in accordance with the agreed schedule and provides all mandatory shipping and inspection documents (SGS, Certificate of Origin, Bill of Lading, etc.). 

3. TERMS & CONDITIONS

• Delivery Basis: CIF (Cost, Insurance, and Freight) to the designated safe port of destination. 

• Performance Bond: The Seller shall issue a Performance Bond (2% or up to 100 Million SAR equivalent structure as per corporate policy) upon receipt and operational confirmation of the Buyer’s Confirmed L/C. 

• Validity of Proforma Invoice: Valid for a maximum of twenty-one (21) calendar days from issuance.