Used Rail and HMS wanted

We on behalf of our buyer,
represents that we are ready to make all agreements with your company
for purchasing your products with bellow terms:
Product: Used railways or HMS
Quantity : 125000 mt/month for 12 months
Packing: Cut and packed in containers
Price: USD240/MT for USED RAIL and USD200/MT for HMS CIF East Asian
and Indian ports or buyer option
Payment : By irrevocable, divisible RDLC against SGS report at
unloading port and other document equal to value of 60000 MT revolving
for 24 equal shipments.
PBG: 2% PBG by seller to make operative the L/C
(in case you ask for advance payment this will be omitted and replaced
by this term:
PBG : Advance payment by buyer and bank guarantee by seller will act
as performance bond guarantee And will revolve automatically for next
24shipments after previous shipment has done .)
Inspection: inspection will be furbished by SGS at loading port on
seller behalf and at
unloading port on buyer behalf regarding quality and quantity.
Certificate of inspection at
loading port is binding for both party and bank for releasing the L/C.
POP: Certificate of inspection by SGS at seller yard regarding
quantity and quality
This POP will present by seller in reply to our ICPO along with FCO.
Advance payment: None operative advance payment equal to 10% of RDLC
against bankguarantee by seller equal to 12% of RDLC which will make
it operative.
NOTE 1: We only and only can work with End Seller.
NOTE 2: Our Buyer don’t accept transferable L/C any way.

Our procedures:
1. FCO with full terms by seller in reply to this LOI
2. Signing the FCO by buyer and return to Seller
3. Issuing contract by seller and signing the contract by both party
on agreed terms.
4. Buyer has right to forward his SGS inspector for visiting Seller’s yard
5. Lodging the agreed contract in respective banks
6. BCL against full POP through bank system
7. Certification of contract by bank and chamber of commerce and
certify by embassy
8. Issuing RDLC for balance at sight at sight against 2% PBG and
Certificate of SGS at unloading port and shipping documents
9. Commence the shipments as contract