Used rail 100,000mt MOQ

Used Rail Scrap 260USD/MT, Steel Scrap (HMS 1 & HMS 2,80 20, Minimum Quantity - 100,000 ton a shipping, Contract Term- 12 Months, Payments Term - 100% irrevocable Letter of Credit(L/C) payable at sight, payment after shipment. Performance Bond, 2% by the Seller

PROCEDURE#

1.Buyer sends to Seller their ICPO/LOI

2.Seller sends the editable Draft Contract, Buyer within 5 working days counter amends the editable Draft contract signed and sealed

3.Seller & Buyer issue NCNDA/IMFPA

4.After the legalization of the hard copy contract Both party lodges the contract in their banks

5.Buyer’s Bank SWIFT AT SIGHT L/C to Seller Bank

6.Seller Bank issues 2% Performance Bond

7.The containers should be checked BEFORE loading by a inspection company (SGS) which Both parts make agreement on.

8.The Seller NEGOTIATE the bank with the shipping documents and inspection douments by SGS.