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Steel railway scrap

Steel railway scrap

250 USD ($)/Metric Ton

Product Details:

X

Price And Quantity

  • 250 USD ($)/Metric Ton
  • 100000 Metric Ton

Product Description

STANDARD OPERATING PROCEDURES CIF


1. SCO sent to buyer by Intermediates.


2. Buyer signs & stamps SCO & Submits LOI along with Bank Details in the name of Sheikha Mohammad Ali Baghlaf Commercial Est.


Agency code: A 2022 213


3. Seller sends FCO, Buyer signs & sends it.


4. Commercial Invoice (CI) fees of 1334 USD per Million MT of the Quantity has to be paid by buyer, which is


refundable on receipt of confirmed Activated, operational LC as mentioned in payment terms. For 2 Million MT CI fees is 2668 USD. For that there are two options.


i) Buyer pays commercial invoice fees of is 2668 USD, buyer will get refund on receipt of LC & approval by seller's Bank. ii) If Buyer has fear of paying CI fees, Buyer will have to give undertaking and Bank guarantee in favour of Seller


Mandate of 2668 USD. On receiving Bank guarantee Seller Mandate will pay 2668 USD CI fees to Seller on behalf of


buyer. If Buyer doesn't send confirmed LC within 25 days from the date of paying invoice fees, Seller Mandate will utilise this Bank Guarantee to recover this Amount


5. Sellers send SPA to Buyer. Buyer signs, Stamps & sends to Seller, seller also does the same. After signing SPA buyer should send confirmed activated LC within 15 days.


6. If Buyer sends Pre Advice MT705 Free message from their bank to Seller's bank via SWIFT L Buyer can go & inspect the material at the site.


11. Buyer can go for third party SGS inspection at the site.


III. Buyer can be provided POP, quality certificate, recent pictures or any questions


7. Buyer sends Activated confirmed, operative, irrevocable, Auto Rotating DLC MT700 or S B L C by following two


payment methods:


The Auto Rotating LC should be 20 percent of the Total Annual Amount or at least one month invoice value Rest for the remainder transactions bank must just write they guarantee the transactions of the remaining amount in


subsequent period in the LC. 8. On receiving Activated, confirmed, Irrevocable and Auto rotating LC and on verification/confirmation of Seller's


bank; Seller sends Performance Bond of 20 percent to buyer.


9. Seller starts dispatching material after 7 days.


10. After successful SG5 inspection at destination Unloading port, payment is released by buyer by TT or MT 103.

Enter Buying Requirement Details
Email Id
Mobile number


PEACE ENTERPRISES
Room No. 05, Above Nav Car Care, Next To Swati Apartment, Andheri West, Mumbai - 400058, Maharashtra, India
Phone :08035939042
Mr Nizamuddin (Proprietor)
Mobile :08035939042

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