Second Quality Railway R50/R65

We offer second-quality rails R50/R65 for manufacturing and construction needs globally. Rails can be delivered to the destination port under a longer contract and monthly shipments based on your demand.

Second-quality rails are used in the industry instead of used rails or scrap rails R50/R65. Second-quality railways from Baghlaf Steel are new rails. The quality of the steel in the second-quality rails is better than the quality of scrap rails because these second grade rails are not used.

prices include: 

• Insurance prices. 

• VAT tax and Transportation prices (CIF). 

• The bank’s administrative fees. 

The Deal Work Steps: 

• LOI: The buyer sends a Letter of Intent through the agent specifying the iron quantity, type, payment method, and delivery port. 

• FCO: The supplier replies with a signed Full Corporate Offer confirming availability, specifications, and price. 

• Proforma Invoice: If the buyer agrees, the supplier issues a signed and certified Proforma Invoice with quantity, price, delivery details, shipments, and payment terms. 

• Letter of Credit: The buyer opens a confirmed LC via SWIFT MT700 covering the full invoice amount. 

• Execution: After the LC is approved, inspection and shipment start within a few days. 

The conditions and terms: 

• To issue the Proforma Invoice is the amount of 1350 USD “for each one million tons quantity in the Proforma invoice” must be transferred in favour of Shekha Mohammed Ali Baghlaf Commercial Company account (as issuance fees). The amount is refundable in case of arriving the confirmed letter of bank credit according to the terms of the Proforma invoice. (These fees were set to limit the issuance of commercial invoices in an unregulated manner and to prove the seriousness of the customer and it is all refundable in the event of arriving the letter of credit). 

• One of the issuing conditions for the proforma invoice is that its duration does not exceed 15 days, with a maximum extension of 21 days in certain situations. 

• Of the conditions for opening a bank credit should be (Confirm, operative Letter of Credit MT700 at sight and as per the Proforma Invoice conditions (confirmed MT700 At sight). With the full amount required for the total amount shown in the Proforma Invoice or revolving with no less than 10% with the bank’s guarantee and responsibility from the bank that the buyer takes the entire quantity within the letter of bank credit and it must reach us by the official email of the bank before the expiry of the Proforma Invoice validity.