LIST PRICE SCRAP (USED RAILS AND HMS 1&2)– OCTOBER - 2010

COMMISION US$2/MT 

Total Volume	Monthly	URL	HMS 1/2
Over 12 Months	Shipments	In US Dollars	In US Dollars
30,000 MT	12 months	$ 305.00	$ 295.00
60,000 MT	12 months	$ 305.00	$ 295.00
90,000 MT	12 months	$ 305.00	$ 295.00
180,000  MT	12 months	$ 3055.00	$ 295.00

* LENGTHS IS FROM 6 M – 12 M IN BULK

** CUTTING 1,5 M ADD USD $ 5.00 PER MT

*** SHIPMENTS WITH 30,000 MT VESSELS

# WITH BG /SBLC PAYMENT – 10$MT

ORIGIN – EUROPE,  SOUTH AMERICA, ASIA

Payments Terms:

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. ( BL , SGS).

OR

The contract shall be secured by irrevocable BG /SBLC equal at value of 1 month shipments, valid for the period of 14 months and one (1) day from the date of issue. The buyer shall get SKR where the instrument will be lodged. The finance instrument will be returned at maturity day to buyer bank or cashed back by last month shipment.

OR

By Irrevocable, Transferable USANCE Letter of Credit Revolving shipment per shipment, guaranteed by the bank for the contract value. Payable after 90 days against set of shipping documents. ( BL , SGS).

NOTE:

Ø      Performance Bond cannot be more than 2%;

Ø      Pricing is based on the first year annual volumes;

Preliminary procedures:

Ø      Buyer sends LOI or ICPO with SOFT PROBRE FUNDS;

Ø      Seller’s issues sends FCO - Full Corporate Offer;

Ø      Buyer return FCO signed and seal (on each page) + BCL / RWA or MT 799;

Ø      Seller send DRAFT CONTRACT;

Ø      Buyer return DRAFT CONTRACT signed and seal (on each page);

Ø      Seller send HARD CONTRACT;

Ø      Buyer Open non operative payment instrument;

Ø      Seller send the 2% PERFORMANCE BOND which activates the payment instrument;

Shipment commences as per the terms of the contract.

Destination: CIF ASWP

Shipment: in 30/45 days and rest in every 30 days after receipt of payment instrument to the seller’s bank

Inspection: SGS at loading port