buy HMS 1+2

Dear SirS We need HMS 1+2: Commodity Steel Scrap Origin Europe Quantity Up to 100,000 MT x 12 or more Total Contract Quantity 1,200,000.00 MT Specification HMS 1 & 2 (80:20) as per ISRI 200-206) or E3 and E1 Chemical Composition In compliance with ISRI specification attached herewith Terms of delivery CIF ASWP Incoterms 2000 Destination port Any safe port of India Inspection SGS or DGFT India approved inspectors at loading port at seller’s costs. Buyer can assign an inspector to the port of loading at his expenses Delivery Packed loose in 20feet containers and / or bulk Terms of payment Payment by irrevocable Documentary Letter of Credit not transferable, not divisible and not revolving Target price USD .00 per MT including CIF ASWP bulk Total contract value USD Performance Bond 2% of monthly contract value Procedure: 1. Buyer issues LOI 2. Seller issues draft contract. 3. The buyer must seal and sign the soft-contract and return by EDT (e-mail or Fax) to the seller as soft-copy. 4. The Seller is supposed to initial every page, sign, seal and return the legal contract by EDT (e-mail or fax to the buyer. 5. The seller prints 2 / two copies of the contract; sealed and signed by buyer and seller and exchange the FINAL-contract at a table top meeting or via courier (like DHL) 6. Maximum 10 / ten international banking days after the Sales and Purchase Contract will be effective and legal, the buyer’s bank will issue MT 705 in favour of the seller’s account. The L / C will be irrevocable, not transferable, not divisible and not revolving, issued by a top 100 / one hundred world ranking bank! 7. The MT 705 will state clearly, only upon receipt of a) a full operative Performance Bond Guarantee for the amount of 2% of the value for the shipment as agreed, b) the Proof of Product including photographs and proper copies of reliable certificates and title of the goods, c) the buyer has visited and inspected the goods as per the documents presented and required as mentioned in b). the MT 700 will be advised by the bank of the beneficiary. 8. The first full set of documents has to be presented for payment, for a quantity agreed in the contract, within 30 / thirty days following the day of MT 700 advice.