hms1&2 from canada : Sell Offer
| Unit: |
mt |
| Quantity: |
25000 |
| Packing: |
On Request |
| Price: |
256 |
| Posted On: |
20 April 2009 |
Description:
Commodity: HMS 1 & 2 (80:20)
Origin: Canada or Seller’s choice
Inspection: Specifications verified by SGS, CCIC report or third party inspector, according to INCOTERMS-2000
a) ISRI CODE: 200-206-ISRI 200 No. 1 & 2 heavy melting steel.
b) Wrought iron/or steel scrap 1/4 inch and over in thickness.
c) Clean scrap without slag, dross, trash, wood, plastic, oily parts, grease, alloy, prohibited goods, whole sets of machine, vehicles, and usable parts for machines, cast iron, motor turning blocks, engine blocks, war and explosive or armour plated materials, excess rust, corrosion, dust and dirt, mud or wastes and without any harmful impurities and totally free of Radioactive contamination and poisonous material and any other materials exceeding the level accepted and allowed by international acceptable norms or AQSIQ or the import regulations of China Customs.
Packing: BULK
Quantity: 25,000 M.T.
Total Amount: 25,000 M.T.
Price: $256 per M.T.
Delivery: 30 to 45 days after receiving LC from issuing bank.
CNF Total Monthly shipment volume by actual weight (+/-5%) M/T.
Payment term: Irrevocable Documentary Letter of Credit, 100% payable at sight, partial shipment allowed, Confirmed by Prime top Western/ European Bank.
Performance Bond: 2% P.B. will automatically be activated upon receipt of operative LC.
Inspection: SGS or third party inspection company with approval of buyer and seller
Destination: CNF Nava Sheva India
Port of Loading: Seller’s option
Procedures:
Buyer's issues Letter Of Intent (LOI or ICPO with permission for soft probe)
Seller issues Full Corporate Offer (FCO) or Draft Contract in name of the Buyer and the Buyer returns sealed and signed to the Seller. Seller will send complete set of pictures of yard and Google Satellite pictures of yard.
After buyer signs and seal and returns, Seller sends Past Performance documents. Buyer's bank confirms availability of the Financial Instruments (DLC) to the Seller's bank and their readiness to issue within 14 days of signing the contract. The format/ text of such Financial Instrument to be supplied by the Buyer's bank and approved by the Seller's bank Seller forwards four (4) hard copies of original final contract signed and stamped to Buyer by DHL or similar courier.
The buyer signs and returns 2 hard copies of original final contract signed and stamped. Seller will then send buyer POP.
Yard Visit: Seller will send invitation for buyer for a yard visit once the buyer:
1. Issues irrevocable, non-operative, Letter of Credit, or
2. Issues MT799 from buyer’s bank. An MT799 message is essentially a "free format" text message sent between banks and is treated much like a secure form of email. Properly constructed, a SWIFT MT799 can be used to legitimately provide documentary evidence that a trading partner has the funds available, either on deposit or via some form of credit facility, to engage in a transaction, or
3. Issues $5,000 cash deposit to Seller. After the yard visit, the Seller will apply the deposit to the purchase amount of the Buyer.
Buyer opens the Non-Operative Financial Instruments (DLC) within 14 days of signing the contract, and pending the receipt of the Performance Bond (PB), Seller's bank confirms Proof of Product (POP) to Buyer's bank.
Seller’s bank will confirm Proof of Product (POP) to Buyer’s bank, to activate the L/C. After receipt of the Buyer's Non- Operative Financial Instruments, the Seller will issue 2% P.B. and commence loading.
Port Inspection: Seller sends invitation to buyer for port inspection. SGS, CCIC, or other third party inspection company, D/L all Documents will issue at the port.
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