Commodity : USED RAILS

ORIGIN  :  EUROPE, ASIA, SOUTH AMERICA 

ISRI 27-29 .

ISRI-CODES:

(27) Rail, Steel No. 1.Standard section tee rails, original weight 50

pounds per yard or heavier, 10 feet long

and over. Suitable for re-rolling into bars and shapes. Free from

bent and twisted rails, frog, switches, 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.

(28A) Rail, Steel No. 2 Cropped Rail Ends. Standard section, original

weight of 50 pounds per yard and

over, 18 inches long and under.

(28B) Rail, Steel No. 2 Cropped Rail Ends. Standard section, original

weight of 50 pounds per yard and

over, 2 feet long and under.

(28C) Rail, Steel No. 2 Cropped Rail Ends. Standard section, original

weight 50 pounds per yard and over,

3 feet long and under.

(29) Rail, Steel No. 3.Standard section tee, girder, and/or guard

rails, to be free from frog and switch rails

not cut apart, and contain no manganese, cast, welds, or attachments

of any kind except angle bars.

Free from concrete, dirt, and foreign material of any kind. The

rails can be cut to the length the buyer wants.

PROCEDURES

BUYER ISSUES LOI or ICPO with soft probe or BCL

SELLER ISSUES FCO / DRAFT CONTRACT.

BUYER SENDS DRAFT CONTRACT SIGNED SELLER SENDS FINAL CONTRACT.

BUYER OPENS NON OPERATIVE PAYMENT INSTRUMENT.

SELLER SENDS THE 2 % PERFORMANCE BOND WHICH ACTIVATES THE PAYMENT

INSTRUMENT. SHIPMENT COMMENCES AS PER THE TERMS OF THE CONTRACT

*BUYER CAN VISIT THE YARD WITH BCL AND FINANCE INSTRUMENT

VERBIGE FROM THE BANK AND COMMITMENT LETTER FROM THE BANK

TO REALSE IN WITH IN ___(TBD)___ DAYS AFTER THE VISIT

YARD.

SHIPMENTS WITH 30.000MT VESSELS

INSPECTION SGS at Loading Port at Sellers Cost

PB Will be provided for the value of 2% OF THE FINANCE INSTRUMENT VALUE

PAYMENT TERMS

By Irrevocable, Transferable Auto Revolving Letter of Credit at Value of one month

shipment, guaranteed by the bank for the contract value. Payable 100% at sight against set of

shipping documents.

OR

By irrevocable BG /SBLC equal at value of 1 month shipments, valid for the period of 12

months and one (1) day from the date of issue. Payment for each shipment shall be effected by

Wire Transfer (TT) at sight upon presentation documents required for payment. by the Seller,

or at destination port within 3 days at arrival .