İlan Tarihi : 11.12.2009 20:59

. SELLER 2 - Origin South America / Europe /Russia

Used Rails R50 R5 R50-R65

Spot Prices regardless of Quantity (30k min) – USD 293 PMT CIF

30,000 * 12 – USD 285PMT CIF

60,000 * 12 and higher – USD 272 PMT CIF

HMS 1 & 2 (80:20)

Spot Prices regardless of Quantity (30k min) – USD 278 PMT CIF

30,000 * 12 – USD 265 PMT CIF

60,000 *12 and higher – USD 252 PMT CIF

• Seller posts a 100% PBG backed by a bank letter of credit, entire shipment is covered.

• Buyer can request 30,000mt, 60,000mt or 90,000mt for spot shipment.

• Buyer can purchase up to 3 spots before requesting an annual contract with no price increase.

• Buyer has security of knowing they have a legitimate supplier before committing to a long-term

contract.

• Buyer’s risk is limited of having to open up large Letters of Credit with a new supplier.

• Buyer and Seller have equal opportunity to prove worthiness and gain mutual trust.

• Seller has a Satisfaction Guaranty Clause written into their contract stating that Seller will perform

according to the terms of contract so there is no risk

• Seller offers a higher than standard 2% PBG that most buyers are accustomed to.

• Buyer is assured that the seller will provide on time or earlier delivery.

• Buyer purchasing a spot first nullifies any present or future deposits required by Seller ever.

• Sellers 100% PBG replaces the need for past BOL, past SGS, pictures or yard visit thus saving

the Buyer money, travel, expenses, time, etc.

STEPS OF PROCEDURES:

1)

Buyer is presented with the FCO, SPOT Sales Contract.
Note: If Buyer requires a POP in the form of an SGS report before signing Contract, a $6/MT

charge must be wired to Seller account to have SGS conduct the quantity and quality inspection.

This amount shall be deducted from the total payment when the contract is signed and executed.

Skip this step if SGS is not needed at this time.

2)

Buyer signs and seals the Contract, and send hardcopies via courier ( DHL, FedEX, etc.) to Seller
offices. No money or funds yet. Seller countersigns Contract and by doing so, binds the company to

the provisions of the contract in delivering the agreed merchandise to the Buyer. Seller also issues

the 100% CPB to Buyer as part of the contract. Seller sends back the fully signed Contract to Buyer

by courier and/or electronic mail.

3)

Upon receipt of countersigned Contract, Buyer sends the Certified Cheque or Wire Transfer
(MT103) to Seller’s bank coordinates in exchange for Commercial Invoice and OBOL. If Payment

is in the form of DLC, it must be negotiable with Commercial Invoice only. Non-Transferable DLC

in favor of the Seller is acceptable. Seller alerts appropriate yard(s) and ships/barges.

4)

Seller presents document(s) required for payment (Commercial Invoice and OBOL for MT103,
Commercial only

for DLC.). Bank pays contract amount to Seller account. This activates 100% CPB into 100%

Seller’s Bank SBLC.

5)

Other documents (Certificate of Origin, etc.) will be sent to Buyer or buyer’s Bank AFTER
clearance of funds. Quality/quantity certificates (SGS,CCIC/CIQ) will be sent directly by inspectors

to Buyer at the same time. Shipment commences. For one time Spot Contract, it stops here.

See Step 6 if Spot Contract is rolled into Annual (Term, x12) Contract.

SPOT Rolled Into Annual Contract.

6)

Upon receipt by Buyer of all Shipment Documents in Step 5, and within 20 days after ship leaves
loading port for the 1st month Spot shipment, Buyer issues a revolving DLC for the 2nd to 12th

month. DLC negotiable with Commercial Invoice and OBOL . This action rolls the initial Spot into

an Annual term contract without up front deposit.

Product origin:

Europe, Inspection: SGS,
Packaging:

Loose Bulk
Payment Terms:

Irrevocable Documentary Commercial Letter of Credit, Transferable Letter of
Credit or non-Transferable Letter of Credit.

****NOTE: REGARDLESS OF BUYERS ANNUAL NEEDS, SUPPLIER WILL START WITH A

MINIMUM 30,000 MT SPOT SHIPMENT AND THEN CAN PROCEED INTO AN ANNUAL

CONTRACT ****

Overpricing will be split with the end seller on a 50:50 basis. It will have to be added to the prices

given above.

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