PRICES FROM 16TH FEBRUARY 2008
WE ARE REPRESENTING A SELLER.   WE ARE NOT PART OF A BROKER CHAIN.
HMS  1 & 2 CONTAINER:

Scrap Metal (HMS 1&2) in containers.
Minimum Contract/Order:  2000 MT x 12
Soft Price:  USD 290.00/mt
CONTAINER SPOT min. 2000 to 15000 mt USD 335/mt  -  same as trial order
Origin:  Saudi Arabia

BULK  SPOTS AVAILABLE   HMS 1& 2
                             
15,000 mt  =  USD 315.00
 30,000 mt  =  USD  305.00

BULK SPOTS HMS 1

15000 mt = USD 335.00

CONTRACT - BULK

HMS 1 ONLY -30,000 mt x 12 =  USD 280.00 (subject to change)
USED RAILS -R-50&65, 30000 mt x 12 =  USD 280.00 (subject to change)
HMS 1 ONLY - 15000 mt x 12  =  USD 300.00 (subject to change)
USED RAILS - R-50&65, 15000 mt x 12  =  USD 300.00 (subject to change)
CUSTOM CUT RAIL LENGTH (at no extra cost)

HMS 1 & 2 - Minimum – 30000 x 12 mnths - $ 275 usd / MT

MAXIMUM ORDER 60000mt X 12MTHS FOR NEW BUYERS IN FIRST INSTANCE –  

60000 x 12 mths contract – HMS 1 ONLY - $ 275 / mt
60000 x 12 mths contract – HMS 1&2 - $ 265 / mt
60000 x 12 mths contract – USED RAIL - $ 275 / mt

•To receive a FCO for over 10000MT:     Buyer MUST submit his LOI on his letterhead and a BCL from TOP 50 W-Bank (or confirmed by top 25 bank) if he wants a firm offer/contract.
Provide LOI with the following for over 10000MT:
7.Bank Information -  Bank reference Letter  (NO SOFT PROBE)  
8.Monthly amount (min 10,000 MT x12)
9.Contract term (min. 12 months)
10.CIF country    
11.Payment instrument Fully Funded, Irrevocable, Revolving  DLC or BG   
12.Net target price
NOTE:  Yard Visit allowed after receipt of Pre-Advise
PAYMENT TERMS:       Collection of payments for shipments by the Seller shall proceed by the presentation of documents specified in the operative Irrevocable Transferable Revolving Letter of Credit payable at sight,
confirmed by current ranking top 25 Western/European World Bank by Seller’s bank to the Buyer’s issuing bank.
OR - Irrevocable, Non-Transferable, Assigned, Divisible, Unconditional Fully Funded Confirmed Letter of Credit (issued by world prime Bank please add USD $5,00 to price for non transferable LC) Payable 100% at sight for each shipment.  

PROCEDURES:
 
10.Seller issue’s Full Corporate Offer (FCO).
11.Buyer counter signs the Full Corporate Offer and sends it back to the Seller together with the BCL (see attachment).
12.Seller issue’s draft contract to buyer for negotiations.
13.Buyer and Seller sign the final contract after making amendments, if any.
14.Fax, E-mail or courier exchanges for hard copy of contract.
15.Proof of Product (POP) & Proof of funds (POF) only to be done after signing the contract via Buyer & Seller’s by Bank Swift KTT.
16.Buyer issue’s Letter of Credit and Seller posts performance bond for the value of 2%.
17.If needed yard visit is allowed. Buyer is also welcome at the loading port.
18.Seller prepares shipment within 30-45 days.

Commission for Metalbazar.com is 1USD/MT