Product Description

USED RAILS

We do confirm with our intention to sell Used Rails scraps R**-R*5, in quantity, specification, price, terms and procedures specified according to the proposal stated here below

Materials: Used Rail scrap R**-R*5; ISRI CODE ****9 in accordance with GOST standards.

Price: USD **5 / MT CIF ASWP ( US dollars per metric ton for CIF Any Safe World Ports).

Quantity per month: *0.**0MT (thousand metric tons).

Payment term: Irrevocable Non-transferable L/C payable **0% at sight of Discharge/Unloading port for the value of a shipment against SGS inspection certificate of unloading.

Origin: Eastern Europe or Russia

Loading port: Canada.

Delivery: As provided by the Buyer.

Length of materials: R**-R*5 (ISRI ****9), shall be cut to 1m 1.2m, or 1.5M

Inspection: SGS for Quantity, Quality, Non-Radioactive and Non-Contamination, Environment Protection Certificates at Loading port at the Sellers expense; and SGS inspection for similar certificates at
Discharge/Unloading port at the Buyers expense.

Packaging: Bulk in bundle.

Delivery schedule: ****5 days Maximum after confirmation and activation of L/C

Performance bond (PB): 2% upon value of L/C

Proof or products: To be presented to the Buyers Bank within working *5 days after receipt of POF

Yard visit: Allow after POF

Commodity (ISRI CODE): Used rails R**-R*5 in accordance with GOST STANDARDS RAIL SCRAPS, having the contractual minimum guaranteed specifications as specified herewith attached as an integral part of the Agreement. Dirt, dust rust, fluff and other impurities not allowed over 0.3%. No heavy rust. The Used Rail Tracks are clean without Slag, Dross, trash, wood, plastic, alloy, prohibited goods. Non-metal impurities total 1% (One percent) or less no radiation.

SPECIFICATIONS
Mn: 0.*0 1.*5
C: 0.*4 0.*2
S1: 0.*8 0.*2
S: 0.*4 Max
P: 0.**5 Max
AS: 0.*1% Max of Mass share; and Cr: Residual.

PROCEDURES / PAYMENT TERMS
1. Buyer sends ICPO to Seller.
2. Seller sends FCO to Buyer to confirm for the order.
3. Buyer signs and returns FCO to Seller.
4. Seller sends a draft contract to Buyer.
5. Upon acceptance of the contract, Buyer signs and returns to Seller.
6. Buyer sign NCND and MFPA with intermediaries.
7. Buyer can visit the yard only after POF swift MT **9 is received by the bank. Form of the swift message will be provide in the contract
8. Seller bank sends Proof of Product (POP) confirmation bank to bank.
9. Seller issues 2% PB to the Buyers bank after receiving non operative, confirmed DLC. The PB must be issued by the *5 top banks of the world and will make non-operational DLC fully operative
*0. The inspection charges in loading port will be borne by Seller; and inspection charges in the discharge/unloading port will be borne by the Buyer.
*1. Shipment commences as schedule.
*2. Paymaster(seller) releases payment to all Broker/Agents same time out-turn shipment delivered per (shipment quantity)slot SWIFT fund payment transferred to seller`s bank and cleared within 7 banking days after discharge of the cargo and release of all the relevant shipping documents