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
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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)
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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 Telephone
00542234726568
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