HMS 1 & 2 and Used Rails

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We will need a LOI (Letter of Intent) to get things started.  Address it to “End Seller” since my partner is the Mandate.  Good for you no long daisy chains!

You know the basic information Quantities wanted. Where shipment is going (Port) and if you are want the contract longer than 1 year. Since 1 year (x12) is minimum on contracts.

Remember the LOI is a non-binding document on YOUR companies Letterhead, dated with signature requesting just the information about your intentions. No financial nor personal information asked for.

If you want to include Banking/financial information then make it complete and also send your authorization for seller to do a soft probe for Proof of Funds or send your Bank Comfort Letter (BCL) on Bank Letterhead and authorization for seller to do a soft probe.

Annual                                    Monthly                               HMS 1 & 2 Pricing
Volume                                   Shipment

360,000 MT                            30,000  MT                          $ USD per MT CIF
720,000 MT                            60,000 MT                           $ USD per MT CIF
1,080,000 MT                         90,000 MT                           $ USD per MT CIF
1,440,000 MT                        120,000 MT                          $ USD per MT CIF
1,800,000 MT                        150,000 MT                          $ USD per MT CIF
2,160,000 MT                        150,000 MT                          $ USD per MT CIF

Minimum order is for a 1 year contract at 30,000 MT x 12 --- No Spot Orders

PRICES will be SUBJECT To Change/CIF/ASWP

USED RAILS R50 – R65

Annual  MonthlyPricePrice
Volume Shipment    6 M -12 M Length          1.5 M Length

  360,000 MT   30,000 MT $ USD/MT  CIF ASWP      $ USD/MT  CIF ASWP
  720,000 MT   60,000 MT $ USD/MT  CIF ASWP      $ USD/MT  CIF ASWP
1,080,000 MT   90,000 MT $ USD/MT  CIF ASWP      $ USD/MT  CIF ASWP
1,440,000 MT 120,000 MT $ USD/MT  CIF ASWP      $ USD/MT  CIF ASWP
1,800,000 MT 150,000 MT $ USD/MT  CIF ASWP      $ USD/MT  CIF ASWP
2,160,000 MT 180,000 MT $ USD/MT  CIF ASWP      $ USD/MT  CIF ASWP

Again, minimum order is for a 1 year contract at 30,000 MT x 12 --- No Spot Orders

After receiving the LOI and have an agreement the Mandate has the following
Preliminary Procedures: (The Procedures are not Negotiable)

1.  Buyer sends (LOI or ICPO) with Bank Details + (BCL);
2.  Seller's Issues Sends FCO-Full Corporate Offer;
3.  Buyer return FCO signed and Seal (on each page);
4.  Seller send Draft Contract;
5.  Buyer returns Draft Contract signed and seal (on each page);
6.  Seller sends Hard Contract;
7.  Buyer Open Non Operative payment Instrument;
8.  Seller send the 2 % Performance Bond which activates the payment instrument;
9.  Shipment commences as per terms of the contract schedule;
We are currently getting updated pricing at this time