COMMODITY: Hot rolled square steel billets
SPECIFICATIONS: Grade 3SP/PS, 5SP/PS.
QUALITY: According to GOST 380-94.
ORIGIN: Ukraine
SIZE: any
QUANTITY-1: 30000 MT/month, 360000 MT/year
QUANTITY-2: 40000 MT/month, 480000 MT/year
CONTRACT PERIOD: 12 months.
PRICE:204USD/MT FOB Black Sea port or 239USD/MT CIF Asian port
QUANTITY-3: 50000 MT/month, 600000 MT/year
PRICE:201USD/MT FOB Black Sea port or 236USD/MT CIF Asian port
CONTRACT PERIOD: 12 months.
DELIVERY TERMS: FOB any Black Sea port of Ukraine.
INSPECTION: SGS or equivalent at Seller's cost at port of loading.
DELIVERY: First shipment to begin within 45 days after receipt payment stipulated by the contract. Following shipments every 30 days as per schedule agreed by the parties.
PAYMENT-1: Advance payment by tranches in the amount of every 3 months shipment value against 1st class Western Bank guarantee for 100% + 6% (BG format and BG issuing bank to be preliminary agreed/approved with/by Buyer's bank).
OR PAYMENT-2: with BLOCKED FUND LETTER on three month.
PROCEDURES: After Buyer's company letterhead LOI is received signed &sealed:
1.Seller issues to Buyer signed & sealed FCO.
2.Buyer signs and seals with corporate stamp FCO and returns with bank endorsed ICPO or BCL (Format R40).
3. Seller issues a draft contract for Buyer's approval.
4. Seller and Buyer exchange final hard contract copies signed & sealed, by courier.
5. Buyer s bank sends a proof of funds letter to Seller's bank.
Seller s bank sends confirmation of readiness to issue BG along with proof of product.
Seller s and Buyer s banks finalize the banking procedure.
6. Buyer and Seller follow procedure stipulated by contract.
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