Cis - Metal

Commodity: Hot rolled square steel billetsSpecifications: Grade 3sp/PS,5sp/PS.Quality: According to gost 380-94.Origin: Ukraine or russiaSize: AnyContract period:12 months.Quantity:10,000 mt/month and morePrice:220 USD/mt FOB russian portDelivery terms: FOB any black sea port of ukraine.Inspection: Sgs or equivalent at seller&＃39;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 6 months shipment value against 1st class western bank guarantee for 100% + 6%(bgformat and bg issuing bank to be preliminary agreed/approved with/by buyer&＃39;s bank).Payment-2: Top-50 bank guarantee covering 6 month shipment value.Procedures: After buyer&＃39;s company letterhead loi is received signed&sealed1. Seller issues to buyer signed&sealed fco.2. Buyer signs and seals with corporate stamp fco and returns with bank endorsed icpo or bcl(formatr40).3. Seller issues a draft contract for buyer&＃39;s approval.4. Seller and buyer exchange final hard contract copies signed&sealed, by courier.5. Buyer&＃39;s bank sends a proof of funds letter to seller&＃39;s bank.Seller s bank sends confirmation of readiness to issue bg along with proof of product.Seller&＃39;s and buyer&＃39;s banks finalize the banking procedure.6. Buyer and seller follow procedure stipulated by contract.