Product Description

COMMODITY: HMS 1&2 (80 -20)

ORIGIN: USA

ISR CODE: IRSI 200-206

STEEL SCRAPS SHALL BE CONSIDERED FREE OF ALLOYS WHEN THE RESIDUAL ALLOYING ELEMENTS DO NOT EXCEED THE FOLLOWING PERCENTAGES:

NICKEL 0.45

CHROMIUM 0.20

MOLYBDENUM 0.10

MANGANESE 1.65

THE COMBINED RESIDUALS OTHER THAN MANGANESE SHALL NOT EXCEED A TOTAL OF 0.60 PERCENT.

QUANTITY: 50,000MT

MONTHLY QTY: 50,000MT X 12MONTHS

PRICE: 180 USD PER MT CIF ASWP

PERFORMANCE BOND: 2% OF THE LC VALUE

SHIPMENT TERMS: CFR

PACKING: BREAK BULK

INSPECTION: Q&Q AT LOADING PORT BY SGS OR SIMILAR ON BUYER CHOICE

TERMS OF PAYMENT: LC (IRECOVERABLE AND NON TRANFERABLE LETTER OF CREDIT AT SIGHT

PROCEDURES PROPOSAL:

1. BUYER DOWNLOAD THE FULL CORPORATE OFFER (FCO) (THIS OFFER)

2. BUYER REVIEWS THE FCO AND ISSUES LOI BY EMAIL. IF THIS LOI IS ACCEPTABLE, SELLER WILL ENDORSE BY SIGNATURE AND SEAL, AND THEN RETURN IT TO BUYER TOGETHER WITH THE DRAFT OF THE SALES AND PURCHASE CONTRACT. AND/OR, IN CASE THIS LOI IS RE-NEGOTIABLE, BUYER COMPLETES THE BALANCE OF THE DETAILS INFORMATION, COUNTERSIGNS THE SALES AND PURCHASE CONTRACT, THEN SENDS TO SELLER VIA E-MAIL

3. SELLER WILL COUNTERSIGN SUCH A CONTRACT AND SEND IT BACK TO BUYER THROUGH THE SAME.

4. THE BUYER OPEN A NON OPERATIVE LETTER OF CREDIT AND SEND A CONFORMATION TO SELLER BANK, THE SELLER ACTIVATE THE LC WITH A PERFORMANCE BOND OF 2% IN FAVOR OF THE BUYER. BUYER WILL VISIT THE

YARD AND INSPECT THE MATERIALS. AND THE LOADING WILL COMMENCE IMMEDIATELY.