the LC is received by the Seller‘s bank.
SGS/CCIC. Similar by the seller.
Performance Bond: 2% issued by Seller’s
SPECIFICATIONS:
ANNEX “A” SPECIFICATION: RUSSIAN USED RAILS
ISRI-CODES:
(*7) Rail, steel No.1 Standard section T rails, original
weight *0 pounds per yard or heavier,
*0 feet long and over. Suitable for re-rolling into bars and
shapes. Free from bent and twisted
rails, frog, switch and guard rails or rails with split heads
and broken flanges. Continuous
welded rail may be included provided no weld is over 9 inches
from the end of the piece of rail
per yard and over, *8 inches long and under.
per yard and over, 2 feet long and under.
per yard and over, 3 feet long and under.
switch rails not cut apart and contain no manganese, casts,
welds or attachments of any kind
except angle bars. Free from concrete, dirt and foreign
material of any kind.
Nominal Chemical Composition
Carbon (C) 0.*0% to 0.*0%
Manganese (Mn) 0.*0% to 0.*0%
Silicon (Si) 0.*5% to 0.*5%
Sulphur (S) 0.*5% to Maximum
Phosphorous (P) 0.*5% to Maximum
Arsenic (Ar) 0.*5% to Maximum
Nominal Specification for R*0 – *1.*7 kg/m GOST ******5
Carbon (C) 0.*0% to 0.*8%
Manganese (Mn) 0.*5% to 0.*8%
Silicon (Si) 0.*3% to 0.*8%
Sulphur (S) 0.**5% to Maximum
Phosphorous (P) 0.**5% to Maximum
Arsenic (Ar) 0.*3% to Maximum
Nominal Specification for R*5 – *4.*2 kg/m GOST ******5
Carbon (C) 0.*0% to 0.*8%
Manganese (Mn) 0.*5% to 0.*8%
Silicon (Si) 0.*3% to 0.*8%
Sulphur (S) 0.**5% to Maximum
Phosphorous (P) 0.**5% to Maximum
Arsenic (Ar) 0.*3% to Maximum
PROCEDURES:
1. BUYER issues LETTER OF INTENT (LOI) to SELLER, complete
with permission to SOFT PROBE.
2. Buyer confirms this Soft Offer and issues an ICPO within 3
days and sends it to the Seller.
3. SELLER issues a FULL CORPORATE OFFER (FCO) with full
specification and schedule.
4. BUYER countersigns FCO with comments if there\'s any and
returns to SELLER with letter of
acceptance and agreement to seller\'s procedure.
5. SELLER issues a SALES AND PURCHASE AGREEMENT (SPA) or DRAFT
CONTRACT including
with NCNDA/MFPA for mandates if there\'s any.
6. Buyer signs and seals the draft contract and returns by
protected e-mail to Seller and Seller issues
the yard pictures.
7. Seller notaries and legalize the product officially with
the Russian ministry of energy and the Russian
chamber of commerce and negotiation with transaction code №.
from the ministry of energy Russia.
8. Seller issues 8 hard copies contract for final signatory,
both party exchange hard copies of contract
via courier. Seller and buyers’ lodges’ contracts in
respective banks.
9. SELLER issue a bank letter to confirm SELLER is ready and
able to issue a 2% PERFORMANCE
BOND and FULL PROOF OF PRODUCT within 5 banking days after
received BUYER’s non-operative
BG/SBLC/LC, OR BG/MT**3/M**0 or SBLC. If Seller fails to
supply the delivery of the goods according
to agreement, this 2% PB will be paid to the Buyer as
compensation.
*0. BUYER issues non-operative LC for first shipment within *0
working days. Within 7 working days,
Seller will invite Buyer to examine the goods.
*1. Delivery commences as per agreements in schedule, SGS
inspection certificate is issued, and the
shipment arrives at Buyer’s discharge port within *0 - *5 days
after the LC is received by the Seller‘s
bank
