USED RAIL SCRAP AND HMS 1/2 FOR SELL

FROM:BENJI ENGINEERING
HMS - CONTRACT
COMMODITY HMS 1&2 (80/20)
ORIGIN EUROPE / SOUTH AFRICA
QUANTITY/PRICE MINIMUM 30,000 MT PER MTH X 12
= USD 165 PER MT / CIF
MINIMUM 30,000 MT PER MTH X 12

PAYMENT TERM :PAYMENT SHALL BE GUARANTEED BY A DRAFT CHEQUE DRAWN BY BUYER BANK AGAINST FUNDS DEPOSITED INTO HIS BANK, AUTHORIZING THE SELLER BANK TO MAKE PAYMENT TO THE SELLER OR HIS FINANCIER NAMED IN THE DRAFT IMMEDIATELY MATERIALS ARE RECEIVED BY THE BUYER.
SHIPMENT :IN BULK AND WILL BE CONCLUDED UPON VERIFICATION AUTHENTICITY OF BUYER'S DRAFT CHEQUE.
INSPECTION :CIS at Loading Port at seller's expense.
DELIVERY: 45/50 DAYS AFTER SIGNING PRINCIPAL CONTRACT.
INSURANCE :INSURANCE SHALL BE COVERED BY THE SELLER FOR 110% OF THE INVOICE VALUE.

Sales & Purchase Agreement/Contract will be signed between end-Buyer and end-Seller/Supplier directly.
SPECIFICATIONSCRAP METALS HEAVY MELTING STEEL - ISRI CODES: ISRI 200-206 Steel scraps shall be considered free of alloys when the residual alloying elements do not exceed the following percentages:
Nickel: 0.45
Chromium: 0.20
Molybdenum: 0.10
Manganese: 1.65
  The combined residuals other than manganese shall not exceed a total of 0.60 percent.