USED RAILS R-50 / R-65

Product Description & Terms of Delivery

Commodity: Railway metal scrap iron & new second quality commodity

Total Quantity: 50 Million MT (Capacity)

Origin: Saudi Arabia

Product: Rail scrap R-50 / R-65 Please check the technical specifications below

Size: To buyer request – Any cut is possible from 1 meter to 12 meter

Delivery per Month: Minimum 30.000  to Maximum 500.000 MT

Packing: Break Bulk or Container

Inspection: Loading port by SGS or other reputed agency by seller expense

Destination ports: Asian – Middle East – African – European – American

Terms of delivery: CIF to all ports

Price Offer 

1.000.000 MT + Contract = USD ‘on Request’/ MT CIF Ports

2000.000MT + Contract = USD ‘on Request’/ MT CIF Ports

3000.000 MT + Contract = USD ‘on Request’/ MT CIF Ports

5000.000 MT + Contract = USD ‘on Request’/ MT CIF Ports

10.000.000 MT + Contract = USD ‘on Request’/ MT CIF Ports

Proof of Product & Sight Inspection

Note: Proof of Product and Sight Inspection will be submitted & Exchanged. Only and after an official MT700 Swift request from the buyer’s Bank to our seller’s bank has been sent. Any additional documentation will only be exchanged through the secured bank channels only through MT700 & MT705 Swift Inquiry BCL / MT199 /MT799 as any similar to the proof of fund or as swift exchange are not accepted

Regarding POP or any official documentation will only be exchanged after an MT705 Pre Advise or MT700 based on our Company strict policy which also includes  Official Inspections at our site and lives videos & Images.
 According to our Company policy all terms and procedures and requirements of our  FCO are mandatory and need to be followed accordingly as stated in our Transaction Procedure & terms.
Regarding Life videos – Life Images – Inspections – Documentations etc it is very clear stated that this needs to be followed according to our terms and procedures…ONLY and AFTER End Buyers identification by our bank through an MT700 or MT705 Pre Advice.

PAYMENT TERMS ( MT 700 LC  / SBLC MT 760) 

Our payment terms are very clearly please see the below example :
 
– MT700 LC at Sight Irrevocable Revolving Confirmed covering at least 20% of the total contract value with the remaining 80% balance guaranteed by buyers bank – For example Contract is 1.000.000 MT guarantee can be given as follows – ” 1.000.000MT x 267 = 267.000.000,- USD from which  20%  = 53.400.000,- USD which need to be guaranteed with the rest remaining  80% balance of the contract guaranteed by buyers bank – this verbiage is mandatory by Saudi Law for an MT700  )
– SBLC  MT760 from World Prime bank as HSBC – Barclays – City etc..
Fresh Cut – Confirmed – Cashback – 365 + 1-day validity  – For example Contract is 1.200.000 MT ( For a 12 months shipments contract the total quantity can be divided into batches and guarantee can be given based on 4 months shipments value as a guarantee based on a monthly shipment delivery example  of 100.000 MT  – ” 100.000 MT x 267 = 26.700.000,- USD  x 4 Months shipments based on = 106.800.000,- USD Only which need to be guaranteed –  The rest remaining  80% balance guaranteed by buyers bank does not apply here  ) * SBLC value is changeable based on the contract volume and monthly shipments,  will be advised after the FCO countersigning
The above guarantee can be followed up by the final payment by MT103 after SGS Inspection at the Discharge Port.
Baghlaf Steel will issue a 20% PB Guarantee against the LC..
Note ; AQSIQ & CIQ are available as we are already importing for many years to China.

” All the below terms are Mandatory and unfortunately non-negotiable” Please read the clause 5 from our sales and purchase agreement.

CLAUSE 5 –TERMS (OPERATIONAL WORKING PROCEDURE FOR THE REQUIRED PRODUCT)

  1. Seller issues sales and purchase agreement (SPA) open for amendment for buyer review.
    1. Buyer review (SPA), Sign & Seals and returns a soft copy to the seller within 3 banking days final signed and sealed
    1. Seller final review (SPA) if any amendments necessary and final sign & seal and send to the buyer within 3 banking days final signed and sealed. – Check Page 12 Condition before issuing the Commercial Invoice!
    1. Seller issues Official Commercial Invoice. 
    1. Buyer initiates the draft letter MT700 At Sight Confirmed, Revolving and irrevocable LC with full guarantee from the buyer’s bank for the total contract value of  …………………..USD with full conditions of the seller’s Commercial invoice NO: 2020 xxxxx for the seller’s bank to review and confirm. 
    1. Seller finalized the LC draft review and are ready to obtain the above said LC.
    1. The buyer bank should record to activate the above said LC and release the Letter of Credit (LC) to the bank or financial institution for issuance by above said LC. Buyers bank issues the LC MT700 with a minimum total contract value coverage of 20%, MT700 At Sight Confirmed, Irrevocable, revolving LC with full guarantee from the buyer’s bank for the total contract value of …………………….. USD with full conditions of the seller’s Commercial invoice to the seller’s financial bank.
    1. Seller issues a Performance Bond Guarantee of 20% of the total contract value as a performance bond bank guarantee as PBG to the buyer’s account bank against the LC.
    1. Seller within ten (10) business days comply and execute the processes of registering purchase order
    1. Analysis certificate issued by the factory of the recent production period specification.
    2. POP, TTM & Site inspection will be provided and granted only after the MT700 Confirmation or through a PRE-ADVISE MT705 covering a minimum of 20% of the total contract value, Fresh SGS report for Quality and Quantity inspection and survey report will be issued and organized in the expense of seller side. In the event of site inspection, the same will be organized by the seller side to the buyers not limited to Visa, up and down air tickets, accommodation, local conveniences, etc)
    3. Certificate of origin.
    4. Copy certificate of ownership approved by the material producer in one original and one copy (both deposited in a bonded warehouse).
    5. Copy statement of material availability signed by the material producer.
    6. Certificate of origin certified by the material producer
    1. Producer packing list/weight memo relating to the Parcel to be released from seller to buyer.
    2. SGS inspection certificate of quality and quantity.
    3. Certificate of export authorization issued in original and a copy.(If the product  being export)
    4. Customs clearance certificate & receipt of the export duty payment, each in original and a copy
    5. Insurance 110% certificate.
    6. Complete shipping documents including cargo report.
    7. A forward certificate confirming that the transportation means is less than 20 years old and that they are seaworthy.
    8. Shipment of material begins, and the seller submits B/L and the original title of ownership to the buyer against receipt of confirmation of 100% payment of material value after Q&Q inspection at the port of delivery

Payment and Transaction Terms

1. Buyer send an official letter of interest. It must be from the end buyer on the official corporate letterhead.

2. Meprotrade Metal Management affiliated with Baghlaf Steel will respond with an official Full Corporate Offer.

3. Buyer Counter signs Full Corporate Offer for acceptance of the conditions and terms and send together

4. Seller issues a sales & purchase agreement (SPA) open for amendment & buyer review together with technical details of a commodity (Annex A) / Plan of total shipment delivery (Annex-B provided by buyer) Technical specifications signed and sealed (Annex C) Commitment letter of Product quantity and quality availability and Supply commitment signed and sealed. (Annex D).

5. Buyer review (Sales & Purchase Agreement), signs & return a soft copy to seller

6. Seller final review (SPA) If any amendments necessary and issues the Official Commercial Invoice and send both to buyer within three banking days final signed and sealed.

7. Buyer initiates the draft letter of 20% from the total contract value based on an MT700 LC at sight, confirm, revolving & irrevocable LC with full guarantee from the buyer’s bank for the total contract value for the seller’s bank to review and confirm.

8. Seller finalized the LC draft review and are ready to obtain the above said LC.

9. The buyer bank should record to activate the above said LC within 14 days after the issuing of the commercial invoice (step 6) and release the letter of credit (LC) to the bank or financial institution for issuance of the above said LC. Buyers bank issues the LC MT700 with a minimum total contract value coverage of 20%, MT700 confirmed, irrevocable, revolving LC to the seller’s financial bank.

10.  Seller issues a performance bond guarantee of 20 % of the total contract value as a performance bond bank guarantee as PBG to the buyer’s account bank against the LC.

11. Seller within 10 business days compiles and executes the processes of registering the purchase order.

12. Shipments Starts

LIGHTWEIGHT USED RAILWAY TRACKS

railroads are subject to very high stresses and are made of very high-quality steel. If you are looking for used rail metal scrap and require your own customized length. Meprotrade Metal Scrap Management will give you complete knowledge of used-rails, product description, pricing details, technical specifications, used rail order procedure, and customer support.

It took many decades to improve the quality of materials including the change from iron to steel. Minor flaws in the steel that may pose no problems in other applications can lead to broken rails and dangerous derailments when used on railway tracks. we may call them used rails.

Official Technical Specifications ( R-50, 51, 67 kg/m-GOST 7173 -75)

C : 0.60 – 0.82 %

Mn: 0.60 – 1.05 %

Si : 0.18 – 0.40 %

P : max. 0.035 %

S : max. 0.04 %

As : 0.01 mix of max share

Official Technical Specifications ( R-65, 64, 72 kg/m-GOST 8165 -75)

C : 0.54 – 0.82 %

Mn: 0.60 – 1.05 %

Si : 0.18 – 0.40 %

P : max. 0.035 %

S : max. 0.04 %

As : 0.01 mix of max share

ISRI – Codes

 

(27) Rail, Steel No. 1. Standard section tee rails, original weight 50 pounds per yard or heavier, 10 feet long and over. suitable for re-rolling into bars & shapes. Free from bent and twisted rails, frogs, switches, and guard rails. or rails with split heads and broken flanges. Continuous welded rail may be included provided no weld is over 9 inches from the end of the piece of rail.

 

(28-A) Rail, Steel No. 2. Cropped Rail Ends. Standard Section original weight of 50 pounds per yard and over, 18 inches long and under.

 

(28-B) Rail, Steel No. 2. Cropped Rail Ends. Standard Section original weight of 50 pounds per yard and over, 2 inches long and under.

 

(28-C) Rail, Steel No. 2. Cropped Rail Ends. Standard Section original weight of 50 pounds per yard and over, 3 inches long and under.

 

(29) Rail, Steel No. 2. Standard section tee, grider,  and/or guard rails to be free from frog and switch rails not cut apart, and contain no manganese, casts, welds, or attachments of any kind except angle bars, free from concrete, dirt, and foreign material of any kind.