Used Rails R50 & R65 ISRI Codes 27-29

Our seller can supply Used Rails Scrap, R50 & R65 ISRI CODES 27-29, CUT: 1.5m, Commodity of non-criminal origin. 

I-ByLC,CIF

Commodity:Used Rails Scrap, R50 & R65 ISRI CODES 27-29, CUT: 1.5m

Origin:Peru

CIF PRICE:  US$210.00/ton CIF(PAYMENT WITH LC)

FOB PRICE:  US$195.00/ton (PAYMENT WITH TT)

TRIAL:10,000 MT

MONTHLY:150,000tons/month

Packing: APBC

DLT: 35 Days

P/T1:100%non-transferableDLC-MT700 atsig ht , AGAINST FULL SET OF ORIGINAL COMMERCIAL AND SHIPPING DOCUMENTS, AT LOADING PORT or

P/T2: 30% TT against Commercial Invoice and balance 70% TT at sight

PB: 2% upon POF

PRODUCT NAME AND DESCRIPTIONS:

Commodity: Used Rails Scrap, R50 & R65 ISRI CODES 27-29, CUT: 1.5m

Specs:

General Specifications:

• R50: 51.67 Kg/m – GOST-7173-75
• R65 64.72 Kg/m – GOST-8165-75

Chemical Analysis:

            Min.                 Max.

• C         0.54                 0.82
• Si        0.18                 0.40
• Mn      0.6                   1.05
• S         -                       0.04
• P         -                       0.0053
• As       -                       0.01%            

General Conditions:

·        Material to be suitable for re-rolling into bars and shapes. Free from bent and twisted Rails, frog, switch and guard rails, rails with split heads and broken flanges. Free from fluff, nonferrous inclusions excessive rust and other impurities.

·        Free from war and explosives, shells, cartridges, other arms and ammunitions used or otherwise and any closed containers. Free from any radioactive materials, any harmful chemicals, substances and coatings any organic.

CIF PRICE:  US$210.00/ton CIF (PAYMENT WITH LC)

Packing: CONTAINERIZED

The product shall be packed in a way that guarantees the safety of the commodity during transportation/shipment.

All packing conditions shall meet the international safe standards.

Each package shall contain the following information:

(1) Container number

(2) Container identification

(3) Gross weight and net weight

(4) Consignee inspection stamp

(5) Number of containers

Origin/Loading:        Peru

Supply Ability:            150,000MT/month +/-

Inspection:     (a) The Quality, Quantity and Weight including radiation shall be inspected by International SGS/Bureau Veritas/AHK or ITS agencies.

                              b) The cost of above Inspection at loading port shall be borne by the Seller.

DLT:                Within 41 days, for first shipment, delivered to destination after the receipt and acceptance of DL/C

Loading Port:Callao Port

Discharge Port:        *****

Delivery:

·        The materials shall be shipped not later than 11 days after Seller's bank receives Letter of Credit from Buyer's bank. Ocean freight shall be paid by seller.

·        Partial Shipment is not allowed

·        Trans-shipment is allowed.

·        Delivery shall be CIF BASIS

Payment Terms: 100% Irrevocable, Non-Operative, Non-Transferable, Documentary Letter of Credit at sight against full set of ORIGINAL commercial and shipping documents as follow:

ü  3/3 set of original Shipped on Board Ocean Bill of Lading made out to order and blank

ü  Endorsed, marked "freight pre-paid" notifying applicant, indicating L/C number.

ü  Commercial invoice in 2 originals and 3 copies indicating the contract number, LC number,

ü  name of carrying vessel.

ü  Shipping pre–advice.

ü  Certificate of Quality and Certificate of Weight in 1 original and 3 copies each issued by

ü  AHK/SGS/Bureau Veritas/ITS or any equivalent indication L/C number. AHK/SGS shall seal

ü  Every container(s) and indicate the seal number(s) in inspection report.

ü  Seller's packing list in 1 original and 3 copies.

ü  Certificate of Origin indicating L/C number: In 1 original and 3 copy must be issued by the

ü  Chamber of Commerce Peru.

ü  Certificate of Quantity issue by AHK/SGS/Bureau Veritas/ITS or any equivalent

ü  Original Weight ticket issue by the Port Authority at Port of loading and verified by

ü  AHK/SGS/Bureau Veritas/ITS or any equivalent

ü  Insurance policy 110%: In 1 original

COMMISSION(S) (if applicable):

• $__Seller’s Side (Closed)

SHIPMENT(S):

                                                                TOTAL:                                                                10,000 MT

PROCEDURE:

1.        B uyerissues LOI or ICPO + CIS or Buyer Profile and NCND .

·        LOI or ICPO to END SELLER via Bruno Santos Bordallo of Bordallo Construtora Ltda.

2.        Seller issues FCO.

3.        Buyer confirms FCO by counter endorsement .

4.        Buyer sign and seal FCO and issue BCL or RWA or SWIFT MT799 (POF).

5.        After POF, the seller will send video or photos (POP) from the current or previous month, at the Seller's convenience.

6.        After Buyer’s irrevocable acceptance to purchase the Used Rails by signing FCO, soft copy will be returned to Seller by Buyer via email or fax regarded as the original copy.

7.        Seller issues Sales/Purchase Agreement for Buyer's perusal and complementary information.

8.        Buyer validates SPA accordingly and returns soft copy to Seller.

9.        Seller issues commercial invoice(s) + most recent stock video for Buyer’s endorsement.

10.     Upon counter-signing commercial invoice(s), Buyer issues 100% nontransferable DLC-MT70 0 within 10 bank days after date of signing of SPA, followed by transmission of SWIFT copy to Seller/Seller’s Bank.

11.     Seller issues 02% performance bond for instrument activation.  

12.     Seller, upon completion of loading, informs Buyer by electronic transmission of documents relative to the shipment within 5-10 days followed by courier transmission of hard copies.

13.     Payment is released, at sight full shipping documents bank-to-bank.

14.     Buyer receives shipment within indicated time and End of shipment.

FORCE MAJEURE:

      Both sides in this contract will be exonerated from their obligations in case of force majeure event.

      The obligations of each Party here under shall be excused during any period of delay caused by matters such as strikes, acts of God, governmental actions or compliance with governmental requirements, whether voluntary or pursuant to order, or any other matter beyond the reasonable efforts of such Party to control.

      Neither Party shall be held responsible in damage or otherwise for any failure of performance of this Contract other than the payment of the Shipment Value or other payments required hereunder so long as the Buyer or the Seller notify one another immediately by facsimile and delivery to the Seller/Buyer by register mail, and/or courier service within seven (7) days of the force majeure event.

      Said notice from a party shall serve as evidence of a force majeure event under condition of the case a force – majeure will be countries of origin of the Product or the country of the Buyer or Seller.

      Should the delay caused by a force majeure event be greater than one (1) month, the Parties shall attempt to agree upon measures which shall permit this Contract to continue with the balance of the Shipments or the Contract shall be extended for the period of time which corresponds with said force majeure event interruption. Should such an agreement not be reached within thirty (30) days from the date of the commencement of the force majeure event, either Party may terminate this Contract with ten (10) business days prior written notice. If there is no force majeure, either party terminates or transfer this Contract unauthorized by the other party, then the responsible party shall compensate all losses to the other party.

LAW AND ARBITRATION:

      This Contract will be governed by and construed in accordance with Switzerland law. Switzerland shall be the place of Performance and Jurisdiction.

      The Seller and Buyer will try to settle all disputes through negotiation and, if not settled, refer it to Switzerland International Trade Arbitration Committee. The arbitration result shall be final and binding on both parties.

      Any dispute shall be solely submitted to Arbitration. In the event of litigation, the non-prevailing party shall tender any and all fees and costs to the prevailing party including, without limitation, reasonable attorneys ‘fees and costs and including all fees and costs of any appeal there under.

      The UCP600, 2007 revision, public 600 shall apply to this contract as well as INCOTERMS-2010 as published by the International Chamber of Commerce.

CONTRACTED PARTIES DETAILS:

      Alternative corporate bank accounts: Due to the different banking regulations and practices around the world, various banking instruments are accepted by some banks in some countries and not accepted by others. Depending upon the financial instrument finally issued by the Buyer to the Seller, in order to facilitate the transaction, it may be necessary for the Seller to use a bank other than that originally designated.

      Direct contact with any bank designated by the Seller or Buyer without first gaining written permission will render this Contact null and void.

NON-CIRCUMVENTION ANDNON-DISCLOSURE:

      The parties accept and agree to the provisions of the International Chamber of Commerce, Geneva, Switzerland for non-circumvention and non-disclosure with regards to all and everyone of the parties, including intermediaries, involved in this transaction and contract, additions, renewals, and third party assignments, with full reciprocation for a period of 1 (One) year from the date of execution of this Contract. This clause is extensive to all subsidiaries and or affiliated companies. It is further agreed that any information of buyer and seller contained in this Agreement is to be held in the strictest confidence, and any violation of which will resolute in the immediate cancellation of this Agreement.

CONTRACT TERMS:

      The Buyer confirm that said funds are good clean, cleared unencumbered, legitimately earned and of non-criminal origin.

      Any changes made in the Contract that are not initialed will make the Contract null and void.

      If any party to this Agreement should make unauthorized contact with the bank of the Seller or the Buyer, such contact shall be considered interference with the Agreement and shall at the option of the Buyer or the Seller, constitute valid reason to terminate this Agreement. The interfering party will be charged with the loss of profits in this transaction by the injured party who will be entitled to file legal proceedings against the interfering party at the international chamber of commerce in Geneva, Switzerland to recover their losses.

      Signatures on this Agreement received by the way of facsimile, mail and/or email shall be an executed contract agreement enforceable and admissible for all purposes as may be necessary under the terms of the Agreement.

      Electronic signature is valid and accepted as hand signature, EDT (electronic document transmissions).

      EDT (electronic document transmissions) shall be deemed valid and enforceable in respect of any provisions of this Contract.

BANKING DETAILS:

BUYER’s Banking Details:

SELLER’s Banking Details:

AUTHORITY TO EXECUTE THIS CONTRACT:                                                

Signatures on this Agreement received by the way of facsimile, mail and/or e-mail shall be an executed contract agreement enforceable and admissible for all purposes as may be necessary under the terms of the Agreement.

VALIDITY of SCO: 

"This S.C.O. is valid for five (5) calendar days from the date of issuance and subject to change in prices upon expiration of validity, as well as the availability of the commodity if not accepted by expiration date."   

"ACCEPTANCE OF s.C.O. by BUYER”

"Buyer"

We, ……..., are Ready, Willing and Able to buy the Used Rails Scrap, R50 & R65 ISRI CODES 27-29 offered in this S.C.O. which is returned to you duly signed and sealed as acceptance of the terms and conditions printed herein. 

Signature/Seal of Buyer