Seeking to buy HMS 1 & 2 Scrap Metal
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Commodity: HMS 1&2 Metal Scrap
- Loading Port: At Sellers Option
- Payment Terms: 100% Irrevocable, Transferable, Revolving Letter of Credit at sight by buyers bank.
- Packing: Bulk
- Quantity: 1,440,000 MT HMS 1&2 (Option of two more contracts for this amount)
- Price: 180 - 190 USD CIF China
- Inspection: Quality, Quantity, Weight by SGS or CCIC at Sellers cost at port of loading.
-Performance Bond 2% of one month shipment value in a form of Non-Operative permanance bond or standby Letter of Credit to be sent to Buyer's Bank. Upon receipt of the said P. B. , we will then open an irrevocable, transferable L/C to the Seller. The P. B. will automatically become operative soon after the Seller's bank receives the L/C.
Annual contract of 120,000 MT per month for a one year. Again, with the option of another annual contract for 120,000 MT x 12.