Chatarra de Railes

                                                                                                                                                                       To:  END SELLER                                                                                       September 3, 2020                                                                     

 

 

                        

                                                LETTER OF INTENT

 

We, Sudamerican Group Argentina , do hereby offer for purchase under full corporate authority

And do hereby confirm that we are ready, willing and able to buy the commodity

Indicated below under the terms, conditions and price.

 

COMMODITY:  USED RAILS R65/R50

SPECIFICATIONS:  Standard specs for used rails, cut to 1.2 meters. R65 64.72 kgs p/meter

                                 R50 51.67 kgs/ meter. Cut to 1.20 meters

PACKING: Bundled

ORIGIN: ASWP (NOT SAUDI ARABIA)

QUANTITY: TRIAL 200,000 mts then 250,000 mts x 12                  

TARGET PRICE; USD$200.00 P/MT

SHIPPING TERMS: CIF

PAYMENT TERMS: IRREVOCABLE, TRANSFERABLE SBLC MT 760 BLOCKED FUNDS. FUNDS

                                       ARE RELEASED AT DISCHARGE PORT AFTER INSPECTION

                                  

                                   Page 2 continued FCO

 

 PROCEDURES

•        Buyer sends LOI

•        Seller issues FCO to Buyer and if they accept they sign and return it

Via email.

Buyer sends ICPO.

•        Seller sends Buyer Draft SPA open for amendments (Buyer’s have 5

Days to return this with amendments, signed and stamped to Seller.

•        Seller sends a video as POP with Buyer’s name and date, Seller also

Sends invitation letter.

•        Buyer sends copy of the SWIFT

•        Seller exports.

 

   DOCUMENTS PROVIDED FOR EACH SHIPMENT TO BUYER

•        Commercial Invoice

•        Original Ocean Bills of Lading

•        Certificate of Origin

•        Packing list

•        Certificate of quantity & quality provided by an independent

Surveyor and chemical lab.

•        Certificate showing cargo is free of radiation (if required)

•        AQSIQ Certificate (if the discharge is Chinese port)

 

    Page 3 continuation of FCO

 

 CRIMINAL & CIVIL LAW Clearly may differ from country to country but under the laws

Of the USA clearly state that is a crime punishable by imprisonment and a fine to sell

Something that te seller can’t deliver. The law also states that without the consent

Of the buyer’s in writing that seller’s are not allowed to show any documents. Our

They will be punished under law. This also applies to sanitized documents.

 

Best Regards

        Carlos A Bacchella
Sudamerican Group Argentina

Telephone 00542234726568           
Email [hidden email]

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