100% USED RAILS). Only atmospheric rust allowed. ABSOLUTELY NO heavy rust shall be allowed.b) Quantity: 60,000-MT up to 90,000-MT per month, CIF delivery PRC China Main Port, or as per Buyer.c) Price: US$175.00 per Metric Ton (One Hundred seventy Five United States Dollars), CIF.d) Length: Used RAILS �shall be cut to 1.5-meters lengths (One Point Five Meters Length)e) Contract: 12-months, with rollovers and extensions.f) Payment: DLC �Irrevocable, non-transferable, established by a top major bank for 100% invoice value, payable at sight, immediately (without any undue delays) upon confirmation of our laboratory at port of unloading confirming the Q & Q (quality & quantity).g)Performance Bond: Two Percent (2%) by Seller.a) Product: Shall consist of SCRAP STEEL DEFINED AS USED RAILS (RAILS), ISRI 50-65 (100% USED RAILS). Only atmospheric rust allowed. ABSOLUTELY NO heavy rust shall be allowed.b) Quantity: 60,000-MT up to 90,000-MT per month, CIF delivery PRC China Main Port, or as per Buyer.c) Price: US$167.00 per Metric Ton (One Hundred sixty seven United States Dollars), CIF.d) Length: Used RAILS �shall be cut to 1.5-meters lengths (One Point Five Meters Length)e) Contract: 12-months, with rollovers and extensions.f) Payment: DLC �Irrevocable, non-transferable, established by a top major bank for 100% invoice value, payable at sight, immediately (without any undue delays) upon confirmation of our laboratory at port of unloading confirming the Q & Q (quality & quantity).g)Performance Bond: Two Percent (2%) by Seller.