buy Round Bar

1.COMMODITY: Used Rail
2.ORIGIN: any
3.LOADING PORT: any
4.SPECIFICATIONS: R 50 ( 51.67 kg / m gost 7173 75 )
R 65 ( 64.72 kg / m gost 8165 75 )
Isri 200 202
Length: 6 M to 12 M, Tied in 6 10 M bundles
5.QUANTITY: 60,000MT?12 months total 720,000MT
6.DURATION OF CONTRACT: 1year
7.PRICE: CIF USD270/MT
8. INSPECTION: Seller entrusted SGS to perform inspection before shipment and pay
the charge for inspection, Buyer entrusted SGS to reexamines and
inspect after the goods reach the port and pay the charge for
Inspection.
9.PAYMENT TERMS : Every shipment paid by Irrevocable, Non-Transferable, Divisible, Confirmed Documentary Letter of Credit 100% at sight at loading port based on the agreed schedule of deliveries, for an amount in US dollars sufficient to cover one hundred percent (100%) costs of contract, CIF included.
10.PERFORMANCE BOND:After signing the contract ,the buyer shall open an Non-Operative Irrevocable, Non-Transferable, Assignable, Documentary Letter of Credit (DLC) to sell's bank, then seller shall issue 2% of the per-shipment value of cargo as the performance bond in favor of the buyer within 7 working days after signing the contract. In order to activate the DLC.
PROCEDURE:
1. Buyer issues ICPO with banking details and permission for seller to conduct soft probe.
2. Seller issues nominal FCO and Draft Contract, buyer signs and seals and returns to seller within 5 days.
3. The seller directs the draft contract.
4. Exhibiting of non-operative PB 2% (Performance Bond) to Buyer.
5. Buyer open the L/C to activate the PB 2%.
6. Preparation of POP (Proof of Product) from the seller.
7. Transfer of POP on bank to bank communication to the Buyer.
8. Start loading operation.