Steel or Iron (Fe) Newsgroup

Location: NIGERIA, APAPA PORT LAGOS

USED RAIL R50/R65.
Used Rail: R50 (51.67KG/Meter, GOST 7173-55), Used Rail: R65(64.72KG/Meter, GOST 8161-75). Origin: • Territory" means SOUTH AFRICA , • Manufactured in Russia/Ukraine/Europe Loading port: Apapa port, Lagos in Nigeria DESCRIPTIONS AND Specifications: CHEMICAL COMPOSITION: Mn: 0.60% - 1.05%; C: 0.54% - 0.82%; Si: 0.18% - 0.40%; S: 0.04% Max.; P: 0.035% Max.; As: 0.01% Max of Mass Share; Cr: Residual. Packaging: • Length of commodity: 1.5 Meters Maximum • Bundle in 5 Tons Each and ship in Bulk PAYMENT TERMS: • Payment terms: Form of Letter of Credit: Irrevocable, Divisible, Operative, Transferable and confirmed Letter of Credit 100% payable within 2 days after vessel reaches the destination port and after SGS inspection for quality and quantity, whichever is later, revolving till the last shipment. • The Seller/Bank shall send non-negotiable copies of all shipping documents for the Consignment as per LC within 05 (five) banking days from the date of receiving Bill of Lading. • All Bank charges related to the issuance of L/c shall be the Buyer's Account. Bank charges related to the re-negotiation of either Document are for the respective Beneficiary's accounts. • If the goods are not of the required weight, the Buyer shall deduct the short/overweight exceeds +/- 0.5% (a half percent) for the amount excluding the franchise on the basis of contracted price. CONTRACT QUANTITY: • . Initial order quantity: 30,000 MT/shipment (Thirty thousand metric tons per shipment); ±0.5% per shipment. • Monthly Order quantity: 30,000MT x 2 per month ±0.5% with rolls and extension. • Total shipments per annum: 30,000MT x 2 x 12 (Twelve) shipments per annum; ±0.5% per shipment. • The total quantity of the contract is: 720,000 MT/annual (Seven Hundred Twenty Thousand Metric Tons per annum) (±0.5%)./. • 4.5 It shall be determined by the certifications of weight/quantity and quality issued by Independent International Survey Company “SGS” and by the Bill Of Lading of the shipment that was in effect delivered to the buyer. • 4.6 Weight for invoicing purposes shall be established by the actual net weight. Weight franchise of 0.5% (half percent) shall be allowed against Bill of Lading (Hereinafter referred to as “B/L”) weight. PRICE PER METRIC TON Unit price: US$ 250/MT ( Two Hundred Fifty US dollars per metric ton) CIF Chittagong Bangladesh Terms of delivery: 25 days -28 days