Integrated Scrap Metal Corporation
Florida, U.S.A.
On behalf of our seller:
Soft offer:
Commodity : HMS 1/2 80%-20%
Quantity : 5000 MT x 12 months Minimum
Specification : ISRI 200-206
Delivery : CIF/AWSP
Price : US$439 /PER MT
Discount : Fixed Price
Payment : Non transferable letter of credit
Origin : European
Packaging : Containerized
Transaction Procedures After receiving buyer’s loi with permission to probe or with Bcl:
1) Seller issues draft contract, the buyer fills up their company information and banking information and sign and stamp it. Then seller issues final contract with complete information and buyer signs and stamp all the pages of this final contract.
2) Seller sends Mandatory Nominated Account Information.
3) Buyer pays contract deposit ($35000/contract flat fee) into the nominated account.. In this account seller/ seller mandate can claim the money only after completion of transaction by submitting shipping documents. This $35000 is adjusted against the first shipment in the L/C. The Seller gurantees this deposit against the issued contract and if, for some reason, either the seller or the buyer do not perform within 30 days, this money will be returned to the buyer automatically.
4) Seller issues irrevocable invitation letter to buyer for yard visit upon confirmation of the mandatory deposit.
5) Buyer issues Irrevocable, Divisible, Revolving, Confirmed, Non transferable documentary letter of credit to seller bank within 10-15 bank working days. The L/C should get automatically activated on presentation of the seller’s 2% PB through their bank and should be payable at seller’s bank counter at sight of the shipping documents
6) Seller issues 2% PB to buyer’s bank within five bank working days.
7) Delivery commences per buyer’s choice of discharge port in seller expense, as per the delivery schedule agreed upon, by the buyer and the seller, at the TTM.
8) Final payment of each shipment must be paid within three bank working days at sight of shipping documents, at the seller’s bank counter, after unloading at destination port.
11) Goods remain the sole property of the seller until it is paid for. Only after payment will the HMS 1& 2 become the property of the buyer
SPECIFICATIONS: Steel scrap HMS 1& 2 80% 20%
HMS 1&2 200-206 (Mix of 80% HMS1 and 20% HMS2)
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Business Type :
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Manufacturer
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Annual Sales :
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Below US$1 Million
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Anil Nayar
Nw 84 Ave.
Sunrise
Florida
United States
Phone: 01-954-2907321
Fax: 01-954-7462820 |
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