HMS 1&2, USED RAIL.
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Reece Metal Product & Services is now offering HMS 1&2 and used rail. LOI and BCL must be provided or the LOI will be rejected.
Upon receipt of your ICPO and BCL you receive a FIRM price and the complete procedures.
HMS 1/2 (80/20) ISRI 200-206
Price: $260.00/mt. 30,000mt per month minimum on 1 year contract, sold only with 1 year contract.
Used Rail-R50, R65
R50-R60: USED RAIL STEEL SCRAP IS SUITABLE FOR RE-ROLLING INTO BARS AND SHAPES. FREE FROM BENT TWISTED RAILS. FROGS, SWITCHES, AND GUARD RAILS, OR RAILS WITH SPLIT RAIL.
R65: USED LONG RAIL STEEL SCRAP (64.72 kg/m) OR IN LENGTHS FROM 6 meters TO 12 METERS ON A PER BAR BASIS, SUITABLE FOR RE-ROLLING AND INTO BARS AND SHAPES. FREE FROM BENT AND TWISTED RAILS, FROGS, SWITCHES, AND GUARD RAILS, OR RAILS WITH SPLIT RAIL.
IF RAILS NEED TO BE CUT, A $7.00 PER TON CHARGE WILL BE IMPOSED.
YOUR COST: $270.00 per MT for a 12 month contract, minimum 30,000MT per month Sold only with a 1 year contract.
1. Buyer sends LOI - signed sealed with full banking details and BCL
2. Seller sends a draft contract with full details.
3. Buyer returns signed draft contract (with amendments if required)
4. Banks communicate - seller's bank probes buyer's bank account,
and sends POP to buyer's bank upon successful probing.
5. Seller signs contract (with amendments if required) and returns the signed contract to buyer
6. Within five (5) international banking days after the contact has been signed the buyer opens a pre-advise L/C. (L/C must be 100% Clear, Irrevocable, Confirmed,
Auto Revolving for each month of the 12 month contract, Non Transferable,
Non-Cancelable Documentary Letter of Credit, in Favor of the Sellers
Bank Payable 100% against shipping documents) .
7. 2% PBG is provided within five (5) international banking days activates the
Documentary Letter of Credit.
8. Vessel is nominated within 5-7 days after the L/C is active.
9. Loading and shipment begins within 30 days from L/C acceptance.
10. A visit to the yard can be arranged.
Prices are subject to change.
Please real buyers or mandadates only please, no time wasters or information seekers. Only valid LOIs and BCLs together will receive draft contract & FCO.