Railway Scrap, 50.000tons per month x 12 months CIF

We got the offer to supply 50,000 MT used rail from Ghana as below:

PROCEDURE:

1. Buyer has to issue ICPO mentioning the seller procedure.

2. CIF Price USD 260.00 - ASWP.

3. Seller send draft contract to Buyer to fill in signed and resend to Seller in PDF file.

4. Once the SPA is signed from both parties the Buyer issue RWA/POF bank to bank by swift within 3 working days;

In case the Buyer would like to visit the site in person RWA/POF is required.

5. Seller issue Video and Pictures in Buyer Name as POP only after our Financier get the RWA/POF by swift.

6. Buyer issues 100% Fully Funded Irrevocable, Operative, Non-Transferable, Unconditionally DLC  MT700 within five (5) days after the contract is signed by both parties.

7. Seller Financier issue 2% Performance Bond (PB) to Buyer within Three (3) days after getting the DLC MT700 from Buyers Bank for 100% Fully Funded Irrevocable, Operative, Non-Transferable, Unconditionally DLC  MT700.

8. Buyer is welcome at the Loading port to see the stuffing and the loading which will be in the presence of the both Buyer and the Seller.

9. Payment method shall be via MT103 or T/T to Seller within 10 working days after receipt of 100% quality specification satisfactory Q & Q inspection report certificate at destination port by both Buyer and Seller. 

10. This procedure is performed for shipment until the completion of this contract.

Origin: Ghana.

Loading port: Takordi Port Ghana.