Import Export Trade International .Ltd
> Scrap HMS1 & HMS2 HMS 1 & 2
Prices rise /MT CIF ASWP
Send your request to : monsieur.omar@gmail.com including the BCL + LOI
Detailed Product Description
|
Commodity |
HMS 1 & 2 (80:20) Scrap Steel (No Yard Visits Allowed) |
|
Origin |
Europe or Sellers Choice |
|
Quantity |
Minimum 30,000 Metric Ton x 12 Months |
|
Contract Length |
12 months shipments minimum with extensions |
|
Loading Port |
East Europe/Africa/Asia at Sellers option |
|
Destination Port |
CIF ASWP |
|
Price |
Best price of world cheapest /MT for HMS 1 & 2 All Inclusive No overpricing allowed period. |
|
Packaging |
Bulk |
|
Inspection |
SGS by Seller at Loading port (AQSIQ at unloading port, will be given by seller to Chinese authorities ) |
|
Performance Bond |
Seller will issue a 2% Performance Bond |
|
Delivery |
The first delivery will be affected within 30-45 days from receipt and acceptance of the payment instrument in accordance to the contract |
|
Initial Documents |
LOI (Letter of Intent with Soft Probe Authorization) or RWA (Ready Willing and Able, emitted by Buyers bank), & BCL Bank Capability Letter from Top 100 World Banks |
PAYMENT
By Irrevocable, confirmed, unconditional, transferable or non transferable FFRDLC issued by Prime Bank acceptable to Seller/Sellers Bank. (Top 50 Banks)
Procedure for HMS 1 & 2
1. The buyer issues an LOI + BCL
2. The Seller issues a draft contract to the Buyer.
3. The Buyer returns revised draft contract to the Seller
4. The Seller reviews and confirms any changes made in draft contract by the Buyer. The Seller and the Buyer arrive at an agreeable contractual terms.
5. The Buyer returns the final draft contracts with all his banking details, duly signed/ initialed, sealed and a draft copy of the LC that his bank will be sending once the contract will be in vigor, to the seller.
6. The Seller signs/ initials and seals the contract after introducing all his information including banking details. He transforms the document into non convertible PDF file and sends a copy to the buyer as final hard copy of the contract.
7. The Buyers bank contacts Sellers bank with a RWA or pre-advice of the LC and initiates the execution of the contract.
8. The Sellers bank issues a POP
9. The Buyers bank sends a non operative LC
10. The Sellers bank issues a 2% PB which makes immediately the LC into an operative instrument.
11. The Seller sends an invitation to the buyer to accompany the SGS inspection and loading of materials at the loading port.
12. 100% payment is effected at the loading port with shipping documents after successful completion of the SGS inspection.
13. The Seller transfers 100% of ownership of the goods (Freight and 110% insurance of the CIF value of goods prepaid) to the Buyer.
*** Procedures and Payment Instrument are NOT negotiable. Copy and paste procedures onto the LOI to show acceptance. LOI's must include full banking details and soft probe authorization. Target price must match sale price. LOI's sent without BCL accompanying will not be processed. BCL must be on bank's letterhead with printed name and signature of an officer of the bank****
If you do not agree to all of the above do not waste your time or ours.