The Buyer agrees to buy and The Seller agrees to sell the under mentioned commodity speciIied below subject to the Iollowing terms and conditions. "Uantity oI 00,000 metric tons oI USED RAIL SCRAPS per month Ior 12 months (total of 000,000 MT) Used Rail Tracks per month Ior 12 months. The Buyer shall pay for the goods under delivery oI the terms and conditions of the contract.
The Buyer agrees to buy and The Seller agrees to sell the under mentioned commodity speciIied below subject to the Iollowing terms and conditions. "Uantity oI 00,000 metric tons oI USED RAIL SCRAPS per month Ior 12 months (total of 000,000 MT) Used Rail Tracks per month Ior 12 months. The Buyer shall pay for the goods under delivery oI the terms and conditions of the contract.
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The Buyer agrees to buy and The Seller agrees to sell the under mentioned commodity speciIied below subject to the Iollowing terms and conditions. "Uantity oI 00,000 metric tons oI USED RAIL SCRAPS per month Ior 12 months (total of 000,000 MT) Used Rail Tracks per month Ior 12 months. The Buyer shall pay for the goods under delivery oI the terms and conditions of the contract.
Copyright:
Attribution Non-Commercial (BY-NC)
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Download as DOCX, PDF, TXT or read online from Scribd
Whereas: the Buyer agrees to buy and the Seller agrees to sell the under mentioned commodity speciIied below subiect to the Iollowing terms and conditions:
1) THE COMMODITY : a) Commodity : Used Rail Tracks- R-50/ R65, halI oI which shall be CUT TO 1 OR 15 METERS IN LENGTH b) SpeciIications: No heavy rust The Used Rail Tracks are clean without slag, dross, trash, wood, plastic, alloy, prohibited goods Non- Metal impurities total 1 (One Percent) or Less- no Radiation Mn: 05 15; C: 01 0; Si: 01 055; S: 005Max; P: 0035Max; AS: 001 Max oI Mass Share; AND Cr: Residual
) "UANTITY : Quantity oI 00,000 metric tons (MT) Used Rail Tracks per month Ior Twelve (1) MONTHS (TOTAL OF 000,000 MT) DELIVERY AND DESTINATION PORT: a) Quantity oI 00,000 metric tons oI USED RAIL SCRAPS per month Ior 1 months b) Destination Port: ASWP c) The Seller shall deliver the goods under delivery oI conditions: CIF Cost Insurance and Freight in accordance with INCOTERMS-000 d) Goods will be shipped within 0 days oI date oI contract and swiIt ProoI oI Funds via MT to the seller Financier Bank according to the seller Iinancier Bank verbiage below in this contract
PRICES /CONTRACT AMOUNT: a) Unit Price: USD 000.00 per Metric Ton X 00,000 MT PER MONTH OF THE SAID MATERIALS - CIF mode b) Total Contract Amount USD ($00.000.00 TOTAL FOR THE 12 MONTHS
5 CONTRACT DURATION: a) The period oI contract is TWELVE (12 MONTHS WITH ROLL OVER EXTENSIONS
6 PRODUCT ORIGIN AND LOADING SEAPORT: a)
b )UNLOADING PORT: Buyer choice of seaport
7 PAYMENT TERMS: AIter signing the Contract, the Buyer`s Bank issue ProoI oI Iunds swiIt it by MT/BCL to Seller`s Financial Bank through a prime Bank according to seller Financier Bank ProoI oI Iunds verbiage below in this contract, Shipment commence and Buyer Bank Transfer 90% on arrival at the port of discharge and 10% at the end of weighing.
The following documents required after shipment:
a) Full set (3/3) oI original Clean On-Board` Bills oI Lading made out to order and marked 'Freight Prepaid, name oI the carrying vessel The bill oI Lading issued by a Prime vessel veriIiable carrier ManiIest issued by Sea vessel carrier A switch BL shall be provided by the Seller b) Commercial invoice issued by seller: 3 originals and 3 original copies showing Contract Number, B/L number, name oI the carrying vessel, description oI goods, unit price, total amount, gross/net weights oI the goods c) Insurance certiIicate covering mm 110 oI the cargo value
d) Packing list with gross/net weights oI the goods e) CertiIicate oI origin issued by Chamber oI Commerce / Seller I) Standard Quality CertiIicate issued by SGS certiIying that the shipment meets the quality requirements oI the Contract g) Shipping Company certiIicate weight slip
9 SELLER`S BANK INFORMATION Bank Name: Bank Addreess: Account name: Account Number: Swift/Sort Code: Bank Phone No.: Bank Fax No.:
BUYER`S BANK INFORMATION
BANK NAME: : ADDRESS : SWIFT CODE : ACCOUNT NO : ACCOUNT NAME : TEL : FAX :
10) INSPECTION: a) The quantity and quality oI goods at the loading port will be conIirmed on a certiIicate/DraIt Survey report issued by the independent international survey company 'Bureau SGS, Verities Seller`s expense b) Buyer is allow to make a visit Ior an inspection beIore shipment commence and aIter signing the contract and open) ProoI oI Iunds to the seller Iinancier Bank via MT/BCL
11) CONFIDENTIALITY AND NON-CIRCUMVENTION: a) The Buyer and the Seller and all Parties involved in the Contract shall respect the conIidentiality oI this Contract and agree to maintain in strict conIidence
b) The Buyer and the Seller hereby accept to the provisions oI ICC Non-Circumvention and Non- Disclosure Agreement with regard to all Patties involved in this transaction
C) The Parties shall not in any manner whatsoever solicit nor accept business Irom sources or their aIIiliates that are made available by the other party to this agreement, at any time, without the prior written permission oI the Party which made the source available
d) The Parties shall maintain complete conIidentiality regarding each others business sources or their identities and shall disclose such only to named Parties pursuant to express written permission oI the Party that made the source available
e) The Parties shall not in any way whatsoever circumvent or attempt to circumvent each other or any Party involved in any oI the transactions the Parties are desiring or entering into and to the best oI their ability and assure each other that the original transaction codes established will not be altered or changed
I) The parties recognize the contract to be an exclusive and valuable contract oI the respective Party and they shall not enter into direct negotiations with such contracts revealed by the other party
g) In the even circumstances by any party whether directly or indirectly, the circumvented Party shall be entitled to legal monetary penalty as damages, equal to the maximum amount is should make Irom such transaction and any and all expenses including but not limited to legal Iees that would be involved in the recovery oI said damages The circumventing Party renounces to any right that he may have to claim a reduction oI this amount
1) EFFECTIVENESS OF CONTRACT AND MISCELLANEOUS: a) Correspondence in the course oI the ordinary administration oI the contract such as but not limited to notiIication oI anticipated delivery dates might be sent by Iax, any electronic means or mail b) All Appendices ate the integral parts oI the Contract and shall have the equal Iorce as the Contract itselI The Contract and its Appendices determine exclusively the rights and obligations oI the Buyer and the Seller Ior the perIormance oI the Contract c) All amendments, supplements and alterations to the terms and conditions oI the Contract shall be made in written Iorm(s) and signed by the authorized representatives oI both parties to become the integral part(s) oI the present Contract and shall have the equal Iorce as the Contract itselI d) AIter signing oI this Contract by both parties, all previous verbal and/or written agreements concerning to the subiect oI this Contract should be considered null and void e) This contract shall come into eIIect when the Buyer and Seller have both initialed and signed the present document and its appendices I) The validity oI this contract start aIter receiving the LOI letter Irom the buyer
IN WITNESS HEREOF, both the Buyer and the Seller hereby, aIIix their signatures, accepting all the terms and conditions as contained in this Contract This Contract is made out in two originals one to be held by each party
For and on behalI oI THE SELLER: THE BUYER:
. --------------------------------------------
-------------------------- --------------------------------- Name: Name : Title: Title : Date: Date : Passport No: Passport No:
Procedures: A. Buyer receive SCO,LOI signed and stamp B. Seller send Draft Contract to buyer, buyer sign the contract and return back to seller to counter signed C. Buyer Bank open Proof of Funds via MT799/BCL to seller Financier Bank to enable seller financier Bank to Finance the shipment. D. Seller financier Bank sends Proof of Products to buyer Bank (Bank to Bank) E. Seller commences Loading and shipment on confirmation of the Proof of Funds. F. Payment of the goods, by delivery of documentation in home port.
PROOF OF FUNDS VERBIAGE: MT VERBIAGE ROOF OF FUNDS) BY MT/BCL FROM: BANK ADDRESS: SWIFT CODE: BANK OFFICER: ACCOUNT NAME: ACCOUNT NO: AMOUNT: USD $ XX,000,00000 CURRENCY: UNITED STATE DOLLARS TO: ADDRESS: SWIFT CODE: BANK OFFICER: PHONE NO: Account NAME: Account NO: Iban # : WE, THE BANK NAME XXXXXXXXXXXXXXXXXXXXXXX, HAVING AN ADDRESS AT BANK ADDRESS XXXXXXXXXXXXXXXXXXXXXXXXXXXXX , HEREBY CONFIRM WITH FULL BANK RESPONSIBILITY THAT OUR CLIENT (ACCOUNT HOLDER DETAILS) ON DEPOSITS WITH OUR BANK UNDER THEIR SOLE SIGNATURE IN ACCOUNT NO (XXXXXXXXXXX) ON THE SUM OF US$ XX,000,00000 AMOUNT IN WORDS XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX UNITED STATES DOLLARSTHESE FUNDS ARE CLEAN, CLEARED,OF NON-CRIMINAL ORIGIN AND ARE FREE OF ANY LIENS AND ENCUMBRANCES AND ARE AVAILABLE TO THE CLIENT WITHOUT ANY RESTRICTIONS FURTHER THIS LETTER CONFIRMS THAT WE HAVE PLACED AN ADMINISTRATIVE BLOCK ON THIS FUND IN FAVOUR OF (THE FINANCIER) WITH ACCOUNT #: XXXXXXXXXXXXXX FOR A PERIOD OF MONTHS, AND THE FUNDS WILL REMAIN UNENCUMBERED DURING THIS PERIOD THIS INSTRUMENT IS VERIFIABLE & CONFIRMABLE BY RESPONSIBLE BANK INQUIRY THIS IS AN OPERATIVE BANK INSTRUMENT AND IS SUBJECT TO THE UNIFORM COMMERCIAL CODE AS IT PERTAINS TO SUCH CREDITSFOR AND ON BEHALF OF, THE ISSUER (BANK NAME AND ADDRESS)